company formation uae
Dubai UAE is the Best leading regional trading hub; it offers Best access to a market of outstanding potential for International overseas companies. UK & Europe taking Best advantages for thatamong its key characteristics are:
• A growing market – Dubai’s imports have more than doubled since 1989; regional economic growth and liberalization is set to boost demand;
• A prosperous market Best Dubai – strategic location at the heart of one of the world’s richest regions;
• A diversified market – wide import requirements; opportunities for suppliers of most products; Main land or Free Zone for further details click www.dubaibusinesskey.com
• Easy accessible market – served by more than 170 shipping lines and 86 airlines; An Easy open market – no exchange controls, quotas or trade barriers, 100% tax free
The Business Environment
Dubai Business key UAE offers business sector all the advantages of a highly developed economy, Asian Hub or African Hub become European hub as well. The infrastructure and services match the highest international standards, facilitating efficiency, quality and service. Among the benefits are:
• Best Free enterprise system.
• Highly developed transportation infrastructure Metro,
• State-of-the-art telecommunications Du or Etislet full coverage.
• Top international exhibitions and conference venue world trade Centresheikh Zyed road, we are situated over there.
• High quality office and residential accommodation. Dubai marina JLT, Sharjah or Ajman or RAK. Choice yours.
• Reliable power, utilities etc.
• First class hotels, hospitals, schools, shops and Cosmopolitan lifestyle. Cream of the world or beauty of the world only in One place Dubai
• Inexpensive Workforce and Easy Recruitment Procedures Free Zone or Main land
Obviously, their economic development strategy has been successful and the investment incentives, infrastructures, banking services, insurances and political and social stability created an excellent business climate.
Uae Business Climate
Doing business in the UAE is very attractive due to the following reasons
• No personal income and capital taxes
• No corporate taxation
• 100% repatriation of capital and profits
• No currency restrictions
• Competitive import duties (5% with many exemptions).
• Modern efficient communication facilities
• Abundant and inexpensive energy supply
• Simple staff recruitment procedures
• Competitive freight charges
• Competitive real estate costs.
• Easy access to both sea and airports.
dubai company incorporation
Working Hours And Holidays
The normal maximum working hours are eight per day or 48 per week. However, these hours may be increased to nine daily for people working in the retail trade, hotels, restaurants and other such establishments. Similarly, daily working hours may be reduced for difficult or dangerous jobs. Many businesses work on a two-shift system (for example, 8am – 1pm and 4pm – 7pm). As in all Muslim countries, Friday is the weekly day of rest.
In practice, commercial and professional firms work 40-45 hours a week and government ministries about 35. The weekend for office workers has traditionally been Thursday afternoon and Friday (for government office workers, Thursday and Friday), but a number of organizations have changed to a five-day week with Friday and Saturday as the weekend. During the Muslim holy month of Ramadan, normal working hours are reduced by two hours per day.
There are 10 days of public holidays (paid) in any year. The employee’s annual leave is two days for every month if his service is more than six months and less than a year. In every completed year of service after the first, an employee is entitled to 30 days annual paid leave. This is in addition to public holidays, maternity leave for women and sick leave. Info@dubaibusinesskey.com
Licensing Free Zone Or Main Land Or Offshore
The basic requirement for all business activity in UAE is one of the following three categories of licenses: Few details are here for more details send an email to info@dubaibusinesskey.com
• Commercial licenses covering all kinds of trading activity;
• Professional licenses covering professions, services, craftsmen and artisans;
• Industrial licenses for establishing industrial or manufacturing activity.
Some categories of businesses require approval from ministries also: for example, banks and financial institutions from the Central Bank of the UAE; manufacturing from the Ministry of Finance and Industry; and pharmaceutical and medical products from the Ministry of Health; branch of foreign company from the ministry of Economy and Commerce. More detailed procedures apply to businesses engaged in oil or gas production and related industries. Click on www.dubaibusinesskey.com or send an email info@dubaibusinesskey.com
Dubai UAE is the Best leading regional trading hub; it offers Best access to a market of outstanding potential for International overseas companies. UK & Europe taking Best advantages for thatamong its key characteristics are:
• A growing market – Dubai’s imports have more than doubled since 1989; regional economic growth and liberalization is set to boost demand;
• A prosperous market Best Dubai – strategic location at the heart of one of the world’s richest regions;
• A diversified market – wide import requirements; opportunities for suppliers of most products; Main land or Free Zone for further details click www.dubaibusinesskey.com
• Easy accessible market – served by more than 170 shipping lines and 86 airlines; An Easy open market – no exchange controls, quotas or trade barriers, 100% tax free
The Business Environment
Dubai Business key UAE offers business sector all the advantages of a highly developed economy, Asian Hub or African Hub become European hub as well. The infrastructure and services match the highest international standards, facilitating efficiency, quality and service. Among the benefits are:
• Best Free enterprise system.
• Highly developed transportation infrastructure Metro,
• State-of-the-art telecommunications Du or Etislet full coverage.
• Top international exhibitions and conference venue world trade Centresheikh Zyed road, we are situated over there.
• High quality office and residential accommodation. Dubai marina JLT, Sharjah or Ajman or RAK. Choice yours.
• Reliable power, utilities etc.
• First class hotels, hospitals, schools, shops and Cosmopolitan lifestyle. Cream of the world or beauty of the world only in One place Dubai
• Inexpensive Workforce and Easy Recruitment Procedures Free Zone or Main land
Obviously, their economic development strategy has been successful and the investment incentives, infrastructures, banking services, insurances and political and social stability created an excellent business climate.
Uae Business Climate
Doing business in the UAE is very attractive due to the following reasons
• No personal income and capital taxes
• No corporate taxation
• 100% repatriation of capital and profits
• No currency restrictions
• Competitive import duties (5% with many exemptions).
• Modern efficient communication facilities
• Abundant and inexpensive energy supply
• Simple staff recruitment procedures
• Competitive freight charges
• Competitive real estate costs.
• Easy access to both sea and airports.
dubai company incorporation
Working Hours And Holidays
The normal maximum working hours are eight per day or 48 per week. However, these hours may be increased to nine daily for people working in the retail trade, hotels, restaurants and other such establishments. Similarly, daily working hours may be reduced for difficult or dangerous jobs. Many businesses work on a two-shift system (for example, 8am – 1pm and 4pm – 7pm). As in all Muslim countries, Friday is the weekly day of rest.
In practice, commercial and professional firms work 40-45 hours a week and government ministries about 35. The weekend for office workers has traditionally been Thursday afternoon and Friday (for government office workers, Thursday and Friday), but a number of organizations have changed to a five-day week with Friday and Saturday as the weekend. During the Muslim holy month of Ramadan, normal working hours are reduced by two hours per day.
There are 10 days of public holidays (paid) in any year. The employee’s annual leave is two days for every month if his service is more than six months and less than a year. In every completed year of service after the first, an employee is entitled to 30 days annual paid leave. This is in addition to public holidays, maternity leave for women and sick leave. Info@dubaibusinesskey.com
Licensing Free Zone Or Main Land Or Offshore
The basic requirement for all business activity in UAE is one of the following three categories of licenses: Few details are here for more details send an email to info@dubaibusinesskey.com
• Commercial licenses covering all kinds of trading activity;
• Professional licenses covering professions, services, craftsmen and artisans;
• Industrial licenses for establishing industrial or manufacturing activity.
Some categories of businesses require approval from ministries also: for example, banks and financial institutions from the Central Bank of the UAE; manufacturing from the Ministry of Finance and Industry; and pharmaceutical and medical products from the Ministry of Health; branch of foreign company from the ministry of Economy and Commerce. More detailed procedures apply to businesses engaged in oil or gas production and related industries. Click on www.dubaibusinesskey.com or send an email info@dubaibusinesskey.com
Penalty for companies in UAE that shut down without settling dues
ReplyDeleteDubai: Any company which closes down without settling the dues of those it sponsors will face a penalty by Ministry of Labour, a top official at the Ministry of Labour has said.
The official said that they have listed companies who commit different types of violations and will immediately stop dealing with them until they rectify the violations.
The ministry has outlined four types of grave rule violations which will disqualify an employer from getting work permits and opening a register for setting up a new company or establishment.
The new criteria will come into force late next month and it will state an employer will not be issued the ‘Establishment card’ or issued work permits to recruit employees for his/her company or if the person is part owner of a company.
It will also affect partners in a new company which may have committed the violations in a company they may have previously owned or part owned.
Humaid Bin Deemas Al Suwaidi, Assistant Undersecretary for Labour Affairs said that a notification will be sent to those companies and if they did not respond the ministry will stop issuing work permits for those companies or any companies owned by the same owner starting from next month.
He said that the step came by the ministry in implementation of the decision of Saqr Ghobash Minister of Labour which was issued recently to regulate the procedures for issuance of labour permits and opening the establishment card.
He said the ministry will stop dealing with any other company belonging to the same owner which closed down without settling workers dues. “No deadline will be given to the violators,” he said.
The serious violations include nonpayment of the wages of employees for two months or more, nonpayment of the administrative fines due to the Ministry of Labour for four months, non-issuance or renewal of labour cards of employees for four months from the date the new worker has entered the country or from the expiry date of an existing worker’s card, and non-renewal of the trade licence of the establishment for four months from the date of expiry.
Under the resolution, the suspension of services includes granting of work permits for hiring or bringing in a worker from abroad, issuing a new work permit for an employee to switch to another company, issuing of work permits to employees who are on their parents’ visa, for temporary work, or for doing part-time jobs; and amendment of the information about the violating company in a way that results in altering the names of its owners whose data are registered with the ministry.
BIZ Opportunity in Dubai- Get Free Advice
ReplyDeleteR U Looking to setup UR Business in Emirates
To enter Dubai UAE, s market foreign companies face certain barriers including language, cultural and legal considerations. We offer foreign investors the opportunity to mitigate these barriers by establishing a Joint Venture to share our resources and expertise to gain a competitive advantage in the market. Our Joint Venture Companies benefit from being part of a larger group and infrastructure with access to unrivalled resources, connections and support.
As a Business Zone Company, you have access to:
• Direct Government Departments
• Legal Structures
• Corporate Services
• An Extended Network of Powerful Contacts
• The Services and Support of our Affiliates
For more information on partnerships, sponsorship and joint venture opportunities please contact us:
info@dubaibusinesskey.com
www.dubaibusinesskey.com
Condolence message from Bari & Co Ltd- Business setup provider in Middle East- www.dubaiusinesskey.com
ReplyDeleteDubai Business Key weekly newsletter went out yesterday shortly before the sad news of Nelson Mandela’s death.
In these circumstances, we really feel sad on the death of Great Nelson Mandela, he was a lawyer and belong to same community. He spent his life defending human rights and the rule of law. He campaigned for democracy, freedom and equality under the law. There are lawyers around the world who still put their lives on the line to do that.
Dubai Investment- Invest in Dubai- UAE Investment- Investment Dubai- UAE Business and financial matters- www.dubaibusinesskey.com opportunities for UK businesses
ReplyDeleteSaturday, 18 January 2014 (All day) to Wednesday, 22 January 2014 (All day)
The Middle East Association (MEA), in support with the British Business Group, will be leading a multi-sector trade mission to the United Arab Emirates, 18th– 23rd January 2014. www.dubaibusinesskey.com
The UAE consists of seven Emirates, each offering opportunities for UK businesses across a wide variety of sectors. Whilst the country’s significant oil and gas reserves play an important role as a source of revenue, the UAE has already successfully reduced its dependence to around 25% of the GDP. The UAE economy is expected to grow around 4.5% annually from 2013-2020 with upturns in both oil and non-oil sectors.
The spectacular growth of Dubai in the past decade has attracted many businesses to the UAE, and this been driven by a proliferation of initiatives and incentives to companies to establish their regional operations there. At the latest count, there are more than 40 Free Trade and Special Enterprise Zones within the UAE, and the purpose of this mission will be to enable delegates to examine a number of these initiatives first-hand and to establish which will be best-suited to their particular business needs. The mission will be based in Dubai, but will travel to Trade Zones in Ras al Khaimah, Sharjah, Jebel Ali and Abu Dhabi during the visit, which will be organised in conjunction with the British Business Groups in Dubai and Abu Dhabi. If you need assistance to do business in Dubai, feel free to contact leading corporate services in Emirates.
info@dubaibusinesskey.com
www.dubaibusinesskey.com
Dubai Police launch luxury patrol cars with 2020 plates-UAE Marriage Fund approves names of 333 beneficiaries/UAE universities embrace mobile learning
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ReplyDeleteIf you are a foreign enterprise looking to start operations in the UAE, you can set up the company as a “Mainland company”, a “Free-zone company” or an “Offshore company”.
A MAINLAND COMPANY is allowed to run its business and trade freely both inside and outside the UAE without any restriction.
Other advantages of being a mainland company in Dubai is that you can conduct a wide range of business activities and can choose an office premises anywhere in Dubai.
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