The new Economic Substance Rules in the UAE – Does it impact you?
The United Arab Emirates released rules concerning the Regulations for Economic Substance (ES) in the UAE. The introduction of the Economic Substance rules is a milestone for the UAE’s tax policy towards its alignment with the global Organization for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) directives. The Economic Substance rules […]
RAK Economic Zone: An ideal place for business & quality living
RAKEZ is one of the leading investment hubs in the UAE that offers customizable solutions to free zone and non-free zone businesses. RAK Economic Zone was established to oversee and consolidate the specialized parks and clients of both Ras Al Khaimah Free Trade Zone and RAK Investment Authority (RAKIA). Our dominant authority established to oversee, […]
Reasons why you ever need to hire advisory firms for your business setup
In the present time, reaching the global market is becoming the latest trend for business owners. Expanding overseas like in Dubai will help you explore the limitations of the business and give you new business resources to get established. But stepping alone without proper guidance could prove fatal to your business and investment. Therefore, always […]
Promote and develop your business organization
Do you own a business organization? Are you scouting around the net to set up a business organization in Dubai with an objective to capture attention of a large group of target audience? Then you are at the right place. Creative Zone assists young and dynamic entrepreneurs and companies in developing business organizations in United […]
Expo 2020 – why is it the right time for SMEs to set up business in Dubai?
Dubai is gearing up to host the first ever World Expo to be held in the Middle East, Africa and South Asia – Expo 2020. The six month long Expo, expected to attract approximately 25 million visitors from 192 countries, will create endless opportunities for the SME sector. Expo 2020 has committed to awarding 20% […]
A Quick Guide to Tax in the UAE for SMEs
The UAE introduced Value Added Tax (VAT) on the consumption of goods and services in 2018. Since it came into effect, one of the key questions that usually arises is that as an SME what is the threshold and requirements to register and account for VAT? As per the UAE law, all companies with Taxable […]
The UAE is fast-emerging as a launch pad for Fintech Start-ups and Entrepreneurs
According to a recent report by Bloomberg Intelligence, fintech startups in the region are forecast to expand from 96 in 2019 to 465 by 2020 and the investment into Middle East fintech via venture capital is expected to grow to USD 2 billion in 2022. Here we explore the growth of fintech in the region […]
Why SMEs setting up business in the UAE should consider using payment gateway solutions
As a start-up or SME payment gateways provide a fast and effective way to support online payments that avoids the pit falls of cashflow. Payment gateways provide a highly secure, reliable personalized environment for businesses and customers to process transactions. As compared to cash payments, it is significantly better in terms of speed, convenience and […]
100% Foreign Ownership to Boost Economic Activity Across the UAE
The UAE Cabinet, chaired by His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, recently approved a total of 122 economic activities across 13 sectors eligible for up to 100 percent foreign ownership in the UAE. This is big news for business set-up opportunities in the UAE. One […]
Why this is the best time to become an entrepreneur in the UAE
It’s the birth of new hope and a promising future for expats in the UAE when the government has recently announced the permanent residency scheme—dubbed as the Gold Card. Gold Card is granted to qualified individuals such as existing investors, entrepreneurs, specialised talents, researchers, and outstanding students. The new permanent residency program recognises these individuals […]
