business setup services in UAE – Vitta Financial Analysis & Consultancy LLC

JAFZA cuts down cost of Business-related Activities

Aswani — Mon, 16 Mar 2020 11:50:27 +0000

There is some good news for companies operating in Jebel Ali free zone; the free zone has decided to reduce the cost of license registration and administration of companies by up to 70 percent.

There will be a reduction of 50-70 percent in business-related activities for companies operating in JAFZA and for new investors. The activities include registration, licensing and related administrative functions and certain online services will be offered free of cost.

According to Mohammed Al Muallem, CEO & Managing Director, DP World, UAE Region and CEO of Jafza,”It’s specifically designed to create value and opportunities for the companies to channel their resources to support their activities sustainably. We believe this forward-looking initiative will enable companies to do business in a smarter way and generate more business and create new jobs.”

“Trade has always powered Dubai’s economic development and DP World has played a central role in supporting it. The activities of our flagships Jebel Ali Port and Jebel Ali Free Zone are very closely connected with companies located there to take advantage of the world class infrastructure facilities and investment incentives and to connect to global markets.

The twin economic growth engines are examples to the world and serve as models DP World is rolling out in other locations across our network worldwide. As wealth generators, they are critical infrastructure assets that underpin prosperity and success for our nation,” said Al Muallem.

JAFZA is owned by DP world, which contributes over 33.4 percent of Dubai’s GDP. The new initiative will further enhance the ease of doing business at JAFZA along with elevating Dubai’s status as one of the global centres for commerce and trade.

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UAE Introduces five-year multi-use visa for Tourists

Aswani — Sat, 11 Jan 2020 11:10:48 +0000

UAE has introduced a five-year multi-use visa for tourists of all nationalities, and this will be implemented in the next four months.

With the new scheme, a significant rise is expected in the tourism and real estate revenue of the country, as more people will start visiting the country and for longer durations. UAE currently provides a 90 days multi entry visa to tourists and if they wish to visit the country after the 90-day period, they need to apply again. But, with the 5-year visa initiative, people will find it much easier as they do not need to apply for visa for every visit. This will reduce the regulations and money involved in the process.

UAE is one among the most preferred tourist destinations in the world, where people flock to from various parts of the world. More than 21 million tourists visit UAE annually and around 25 million visitors are expected to be a part of Expo 2020. Expo will begin in the month of October.

Apart form being a favourable tourist destination, UAE is one among the best places to establish and flourish your business. The government of the country comes up with various plans occasionally to ease the process of doing business in UAE. 2020 will turn out to be vital year for the country, with diverse new strategies aimed at the welfare of the country and people in general.

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Here’s How You Set Up a Company in Dubai

Aswani — Tue, 25 Apr 2017 07:32:37 +0000

Dubai today is considered to be one of the best business markets in the world. It provides excellent business opportunities to investors all across the globe. Dubai is strategically located connecting both the Asian and Western markets. The economic development and the excellent working conditions make it one of the most attractive locations for business set up and expansion in the world.

If you are interested in setting up a business in Dubai, then given below is a list of the steps that you need to follow in order to set up a business here:

The department of economic development in Dubai gives you the option of choosing a business activity from among 2000 business opportunities available here. You need to choose the appropriate business activity from these available options.

Dubai business setup services also require you to choose a trade name for your business by adhering to certain rules and regulations because if you do not, then chances are that you might be subjected to heavy fines.

In order to start up a business in Dubai, make sure that apart from the trade license, you also get the Tenancy agreement, share certificate and the certificate of incorporation. A Memorandum of Association prepared by a legal firm is also required to set up a business here. All the partners need to sign this Memorandum of Association before submitting the document.

For business set up services in Dubai, you also require the Initial approval certificate which is the no-objection certificate issued by the government of Dubai.

Therefore, it is quite clear from the above discussion that the business set up services in UAE are subject to certain guidelines but once the business is set up, you will be able to get very good returns on the investment.

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