The Economic Substance Regulations (ESR) was introduced in countries across the globe to seek compliance from major regulatory bodies based in Europe and the United States. These regulations are targeted at jurisdictions that offer minimal tax liabilities to...
Planning to start your own business in the UAE? Starting a business is an exciting venture, yet at the same time it can also be an overwhelming one, especially if you want your new business to ride the waves of change coming your way during the coronavirus pandemic....
The UAE has been removed from the European Union’s list of non-cooperative jurisdictions for tax purposes (also called the “EU blacklist”). This is great news for the UAE, but before we go into what this means for the country, let’s look at what put the UAE on the...
Anyone wishing to run their own business in the UAE must have a valid trade license and residence visa if stationed in the UAE. Additionally, having a residence visa will enable you to open various types of bank accounts. For those already employed in the UAE who are...
Contrary to popular belief, it’s not illegal to take on a part-time job in the UAE if you are already in full-time employment. In fact, for many professionals it’s a lifeline. Taking on a second job is a great way to supplement your income when you need it most or to...
Once you’ve set up your business in Dubai, you don’t want to lose it. After all that administrative work to get your mainland registration with the Department of Economic Development (DED), or from one of the authorities in whichever of the 45+ free zones you’re based...
Running a business without adequate data security is a massive risk. Crippling data breaches are increasingly common and no business is immune. In 2018, Dubai’s fastest growing startup – Careem – was hit by a cyberattack affecting 14 million users. SMEs are especially...
Setting up and running a business in the UAE comes with all sorts of opportunities – the country is brimming with entrepreneurial activity with The Department of Economic Development in Dubai issuing 20,467 new licences in 2018. However, with opportunity comes...
If you are a startup with a unique business idea, product or technology, it’s generally recommended that you copyright your idea, rather than trademark it. Find out why. Over the past decade, applications for intellectual property (IP) protection in the UAE have risen...
Starting a business requires capital. And, unless you’ve got oodles of cash lying around, you’re going to need access to money which will support you through those first tough months until you start turning a profit. For many entrepreneurs, one straightforward option...
Registering your company’s trademark in the UAE will protect your brand and ensure that no other company in your category can imitate your intellectual property. Around 70% of trademarks in the UAE are owned by non-residents, showing that international entrepreneurs...
The first day of 2018 is remembered by many in the UAE for the wave of anxiety and confusion that spread across the country as Value Added Tax (VAT) launched for the first time. This has been a huge change for all businesses in the region, especially smaller ones. So...
