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Media Based Companies Can now open in RAKIA

rakia media company

On the 24th of March, media-related companies were officially allowed to open in the Ras Al Khaimah Investment Authority (Rakia) by media companies and professionals. The authority has also signed a Memorandum of Understanding (MoU) with the National Media Council (NMC) in order to support and facilitate companies from attaining media licenses from them. This Read more

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Luxury Lifestyle increasing risk of Severe Debt

Long-term Debts due to Residents in the UAE Taking on Too many loans Many of the UAE residents are now suffering from the potential risk of having long-term debts with the number one reason being that people are now taking out excessive loans to help maintain their extravagant lifestyle. UAE has always presented its residents Read more

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Masterplan of Dh8 billion One Central Project

dubai one central

His Highness Sheikh Mohammed bin Rashid Al Maktoum reviews the detailed model of the ‘One Central’ project Being managed by the Dubai World Trade Centre Authority (DWTCA) the Dh8-billion mixed-use development known as One Central has presented its full master plan and has been viewed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President Read more

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2030 the GCC could become the Sixth Largest Economy in the World

gcc strong 2030

By the year 2030 GCC could become the sixth largest economy in the World According to EY’s latest Growth Drivers report ‘Strength in unity’, the GCC has the potential of becoming the sixth largest economy in the world by the year 2030. GCC can currently achieve the ninth place similar to Canada and Russia in Read more

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Dubai Investment Visa

dubai invest and residence visa

Many foreign nationals want to relocate to the UAE due to the country’s immense investment opportunities and UAE wants to help support and accommodate these foreign investments by forming investment driven immigration programs. One of the ways that the country does this is by offering them an investor visa that provides the foreign investor to Read more

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Sharjah Free Zone Business Setup and Benefits

saif zone sharjah

Sharjah Airport Free Zone (SAIF-Zone) is built in line with the Sharjah International Airport. SAIF-Zone and the Airport have been instrumental in offering Sharjah’s economy some assistance with scaling new crests. Sharjah Airport Free Zone is the quickest developing airport free zone in the area, while the international airport has picked up an advantageous notoriety Read more

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Best to Register an Offshore Company

business bvi tax haven

Which country is the best to register an offshore company? British Virgin Islands is one of the leaders, having the greatest number of offshore companies registered and being widely regarded as role-model for other offshore jurisdictions. It has recently modernized its already excellent Business Companies Act, and continues to be on the forefront of the Read more

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Why Offshore Business

Why Offshore? Large numbers of high net worth Individuals and corporations are taking steps to incorporate overseas. Away from the area of their main business transactions. To Save Tax An offshore company can form part of an overall taxation reduction strategy for certain individuals or entities. Combined with an offshore bank account or trust, for Read more

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Dubai Businesses Prepare for VAT

vat dubai

Private businesses have already begun preparation as the implementation of Value-Added Tax (VAT) approaches in the UAE with only less than two years away and in three years’ time in the other parts of the GCC. Recently a business seminar was conducted to shed light on the impacts of the recent developments of the regional Read more

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The launch of Dubai Wholesale City

largest whole sale city dubai

In order to diversify UAE’s national economy away from its heavy reliance on oil, many measures have been taken to ensure that the country still grows exponentially. One of the measures is launching the largest global wholesale hub, the Dubai Wholesale City which is expected to have a development cost of Dh30 billion during the Read more