Despite concerns about the effects of newly implemented value added tax (VAT) on businesses in UAE, the Department of Economic Development (DED) is confident that the new tax will impact positive changes on local businesses as well as on the economy of UAE as a whole. According to an official of DED, the implications of…
Fujairah is one of the seven emirates of UAE. The geographical location of Fujairah makes it a unique one different from all other emirates. Fujairah is the only emirate present exclusively along the Gulf of Oman. All the other emirates are either located around Persian (or Arabian) Gulf or have access to both Persian Gulf…
There is no doubt that Dubai is the hub of business in the whole Gulf region and it provides best business opportunities among all the emirates of UAE. One such indication is the presence of a large number of free zones in Dubai. But it doesn’t mean that other emirates are devoid of such business…
The emirate of Dubai contains highest number of free zones in the UAE and all these free zones are unique that are renowned in the whole world. But the most important and famous of all these is JAFZA (Jebel Ali Free Zone) which is one of the largest free zones in the world. But the…
Establishing a business in an offshore jurisdiction is a popular idea among wealthy all around the world. They do so to gain several benefits that are otherwise not available in any onshore location. Despite severe criticism, doing business offshore is a completely legal process and most of the individuals and companies having their businesses overseas…
Dubai Multi Commodities Centre (DMCC) Free Zone is the largest and most important free zone in Dubai and UAE. The specific free zone was established in 2002 and its continuous growth and best customer services are accepted on a global level also. It is the reason that DMCC is the current holder of “Global Free…
