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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 ...
Some free zones (including ADGM, JAFZA, DMCC, RAK FTZ) allow for inward redomiciliation of foreign companies, which means a transfer of a corporate seat of an existing company from abroad to the UAE free zone. [2] There are a few Free Zones in UAE that offer Dual Business License for investors. [3]
Ministry of Development (MR) – Central Registration and Information on Business (CEIDG) [70] – company register for natural persons trading as sole traders or their civil law partnerships (searchable); such companies are prohibited from performing certain activities (e.g. operating a life insurance company), and proper agricultural activity ...
The Securities and Commodities Authority (SCA) is a federal financial regulatory agency in the United Arab Emirates.It was established based on Federal Decree No. (4) of 2000 by then-president of the UAE, Khalifa Bin Zayed Al Nahyan and it's amendments issued in Federal Law 25 of 2006, amending the former law.
This is a list of government-owned companies of the United Arab Emirates. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . Their legal status varies from being a part of government to stock companies with a state as a regular stockholder .
FTZs in Dubai and the UAE are governed pursuant to a special framework of rules and regulations. A Free Zone Authority offers business licenses to foreign-owned businesses. Each Free Zone is designed around one or more industry categories and only offers licenses (e.g. for a Free Zone Enterprise (FZE)), to companies within those categories.
The business license in China has undergone a series of changes and reforms. From 1978 to the 2000s, China implemented the Reform and Opening Up Policy, which allowed for private entrepreneurship. This resulted in the creation of a registration and licensing system. During the 80s and 90s, the registration process became more formalized.
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]