Comprehensive Guide to Economic Substance Regulations

The European Union blacklisted countries that do not meet EU fair taxation policies. This was an attempt to ensure compliance in the region and make sure companies were adhering to the laws. A similar attempt was made by the UAE government through ESR regulations. These regulations were introduced to prevent businesses from shifting their activities to other jurisdictions that have beneficial and more advantageous tax regimens. 

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IFZA

1. What are the permitted activities in IFZA? 

As one of the most dynamic Free Zones in the UAE, IFZA Dubai provides local and international businesses with the ideal platforms and location to fully optimise the benefits of the UAE’s strategic geographic position and world-class infrastructure in a business and tax-friendly environment. 

Working through a global network of Professional Partners, IFZA’s multinational team of experts are on hand to assist and provide up-to-date advice on the perfect fit for company formation from over 2,000 business activities within the following types of Licenses:

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How to set up a company in Dubai

1. How long does it take to incorporate a company in Dubai?

Setting up a business in Dubai is explained in 4 easy steps. Each step timing will differ based on the jurisdiction and the activity. 

Step 1: Will be to consult with an expert to guide you through the process. You can trust the team of professional consultants at BSC to make things easier and simpler for you. Our expert team will guide you to acquire information about the best free zone, onshore or offshore option for your business activity and the documents required to register your company.

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DMCC

1. What are the permitted activities in DMCC?

Dubai Multi Commodities Centre or DMCC is a trusted name in the global commodities trade that offers market, financial, and physical infrastructure for hub creation. It offers a license to different businesses. Thus many companies register with DMCC who offers licenses according to the permitted activities. These licenses allow activities within the free zone. According to the DMCC guidelines, any company can register to conduct different activities to obtain and hold different licenses.

All these licenses come with different costs that range from 32,000 AED to 82,000 AED. These licenses are provided at the time of registering in the DMCC free zones based on different activities. In short, the permitted activities in DMCC are according to the multiple licenses issued to the various businesses.

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Low-cost business setup

1. Can you give a small Introduction to business setup?

Business Setup Consultants was created in order to provide a genuine ‘customer-focused’ experience for our clients.  We have an expansive range of services all of which are offered efficiently and economically.  Our staff have many years of experience within the UAE and specifically within the business services sector.

With Business Set Up Consultants you can be rest assured that your experience will be hassle-free and handled with the utmost professionalism.  Our client services are of the highest standards and each of our clients feels like they are our ONLY client.

With just one call all of your business problems can be solved.  Choose Business Setup Consultants, YOUR premier business setup provider.

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Freelance Visa Dubai

1. What is a freelance visa? What is the meaning of a freelance visa?

A freelance permit in the UAE is a legal document that allows individuals to work independently as legitimately licensed professionals in fields based on their qualifications or specializations. Depending on the jurisdiction under which this document is obtained, individuals may be able to apply for an independent UAE residence visa under their own name, specifying their profession under the license. Contrary to popular belief and commonly seen offerings, there is no legitimate separate provision in the UAE known as a ‘freelance visa’. As an independent worker not hired by an employer or owning a company in UAE, one will only be able to obtain a valid UAE visa alongside a legal work permit that certifies them as a licensed freelancer.

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What is Business Setup?

1.What is the Business setup?

1.1 What is the meaning of business setup?

Business setup is the process of obtaining an official license under which business activities can be legally carried out. Three types of licenses are commonly offered within the United Arab Emirates namely, commercial, professional, and industrial. While commercial licenses cover all types of trading activities, professional licenses include those for consulting and services businesses, whereas industrial licenses typically are those involving the manufacturing of goods from raw materials.

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Top Vessels Inspection Companies In Dubai, UAE

Vessel inspection is carried out with the aim to make sure that the ships and their structures are perfectly sound so as to avoid any kind of marine accidents. The vessels inspection companies Dubai perform detailed vessel inspection as per the instructions of the insurance companies, the ship owners and the insurance companies in order to make sure that the docks, berths, buoys and the key technical components of the ship are functioning the way they are supposed to. Vessels inspection involves shipyard audit, reviewing and approval of the technical drawings, equipment inspections, material inspections, hull inspections, checking of documents and certifications, inspections of full equipment and navigation tools and main engine and machinery inspections just to name a few.

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List Of Best Vessel Classification Service In Dubai, UAE

Vessel Classification Services are indispensable when it comes to classifying the ships and vessels as per their mechanical or technical standards and construction features. A company that offers vessel classification services Dubai helps to make sure that the vessel is constructed in compliance with all the relevant industry standards. The seaworthiness of a ship helps to ensure that a vessel runs smoothly during a voyage and vessel classification can help with that. The vessel classification companies Dubai also play a key role when it comes to getting marine insurance. Vessel classification is always carried out by the most experienced professionals associated with the shipping industry.      

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