After remaining tax-free for decades, UAE implemented Value Added Tax (VAT) in 2018 for businesses and common people alike. The purpose of this initiative was to reduce reliance on oil and petroleum exports. Most of the businesses in mainland areas and free zones are affected by VAT in UAE. Businesses need to understand the procedure…
There are numerous incentives available in Dubai to large businesses as well as small and medium enterprises. An important factor that enhances the growth of small businesses in Dubai is low taxation. One of the most lucrative small businesses is a grocery store in Dubai. Benefits of a Grocery Store in Dubai A grocery store…
Obtaining a business license is perhaps the most important part after setting up the company in Dubai. The most employed type of business permit is the trade license, also referred to as the commercial license and which designates most of the activities that can be carried out across the UAE. The trade license is issued by the Department of Economic Development…
Sports and recreational activities play an important role in the progress of any country. Sports and games make a healthy body and mind. It is an important factor behind the progress of developed nations. The government of UAE, especially Dubai, is following the footsteps of developed nations and giving utmost importance to the growth of…
Ras al Khaimah Economic Zone (RAKEZ) is known as the most important free zone in the emirate of Ras al Khaimah (RAK). It is also one of the best free zones in the UAE. In order to provide maximum benefit to clients, RAKEZ is always ready to introduce new business-friendly policies. This time, RAKEZ has…
Trading of food products has a vast scope in Dubai and UAE. It is the reason that individuals and companies from around the world are involved in this business. UAE government imposed strict rules for food product registration in Dubai. An important part of the food registration process is label assessment. Food Product Label Assessment…
