A company operating under the professional license category is required as per the UAE laws to select a local service agent to get the trade license. Companies operating in certain jurisdictions and engaging in certain business activities must appoint a local service agent, even if the company acquires 100% ownership. This is only mandatory when…
Web3 or more commonly known as Web 3.0 is the next generation of the internet featuring the latest technologies. People are going into this new era of the internet which involves blockchain, NFTs, cryptocurrencies, decentralized finance platforms, VPNs, metaverse, and other similar technologies of the modern world. Despite certain cryptocurrencies’ volatility, the underlying technology is…
Both private and government sector employees must subscribe to the UAE’s new social security support program, the Unemployment Insurance Scheme from the beginning of January 1, 2023. The compulsory UAE Unemployment Insurance Program is now mandatory for UAE residents and nationals employed by the commercial sector and the federal government. There is a fine of…
One of the most revolutionary financial technologies, the innovation of blockchain technology aims to decrease fraud and provide swift and secure transactions for its users. It has been able to earn so much attention that significant financial organizations, like Barclays, the French investment bank BNP Paribas, the NASDAQ, DBS Bank, Deutsche Bank, and the Swiss…
As a company owner, it is crucial for you to establish the appropriate banking channels so that you can manage transactions involving cryptocurrency when consumers, suppliers, and workers begin to request to do business with your company using cryptocurrency. The idea of a crypto bank account is still new to most people when it comes…
Dubai owns a constantly growing economy that catches the eye of countless investors from across the globe to set up their companies in different industrial sectors. Numerous entrepreneurs and businessmen are looking to start their businesses in Dubai, UAE because of its multiple lucrative opportunities, business-centric corporate policies, high potential economy, world-class infrastructure, and world-class…
