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The types of Business Licenses issued in the United Arab Emirates (UAE) are professional, commercial, industrial and tourism. The professional license covers services offered by professionals, artisans and craftsmen; the commercial license covers all trading and commercial activities performed with an intention of making profit ; the industrial license covers all industrial and manufacturing ...
Ureed was founded in 2017 by Nour Al Hassan. [8] [9] [10] It was operated by Tarjama, a UAE-based company founded in 2008.[6] [11] [12] [13]In March 2019, Tarjama closed a $5m fundraising from two investors, Wamda Capital and Anova Investments as a part of an expansion plan for Ureed.
It is expected to allow them to do business in the Free Zone [6] as well as in the mainland of UAE using the same business license. For Example, Sharjah Publishing City (SPC) Free Zone [ 7 ] offers a Dual License for the investors enabling them to easily offer services in the mainland [ 8 ] and Free Zone together.
The district allows professionals and freelancers who do not hold UAE citizenship to obtain a license from the free zone and authorizes them to have sole ownership of their projects. [8] Dubai Design District also holds the Dubai Design Week in November. [9] d3 is located close to Mohammed bin Rashid City and adjacent to Dubai's Business Bay.
Emirati nationality law governs citizenship eligibility in the United Arab Emirates (UAE). [1] [2] [3] The law is primarily jus sanguinis. Foreigners who meet certain criteria may be naturalized and granted citizenship. [4] Gulf Cooperation Council citizens are allowed to live in the UAE without restriction and have the right of freedom of ...
Free-trade zones in Dubai, (FTZs) are special economic zones set up with the objective of offering tax concessions and customs duty benefits to expatriate investors. There are 26 Free Zones operating in Dubai. FTZs in Dubai and the UAE are governed pursuant to a special framework of rules and regulations. A Free Zone Authority offers business ...
The emirates of Abu Dhabi, Dubai and Ras Al Khaimah have local court systems, while other emirates follow the federal court system. [4] Some financial free trade zones in Abu Dhabi and Dubai have their own legal and court systems based on English common law ; local businesses in both emirates are allowed to opt-in to the jurisdiction of common ...
The UAE federal tax system is administered by the Federal Tax Authority (FTA), which was founded ahead of the 2018 implementation of a federal value added tax (VAT). The current standard VAT rate in the country is 5%. [2] [3] In January 2022, the UAE Ministry of Finance announced the implementation of a federal corporate tax starting June 2023. [4]