A company’s share capital, the money that is injected into a company by its stakeholders, does not belong to the stakeholders but the company itself. The reason for this particular rule is in order for a business to have a cushion in paying debts to a third party. The company, its stakeholders, and creditors get … Read more
The Dept. of Economic Development (DED) of Abu Dhabi announced just recently the eligibility of UAE citizens, UAE residents, and all non-residents in applying for a freelance license. The new licensing regulation allows freelancers to practice several different kinds of economic activities in Abu Dhabi. Previously, licenses were only issued to a local or UAE … Read more
There are a lot of business opportunities in the UAE that you can take hold of when you are looking into conducting a business set up in the United Arab Emirates (UAE). One of the business ideas that you should consider is the childcare business. This article will discuss the steps that should be taken … Read more
In order to start a business in the UAE, a trade license is required from the Department of Economic Development. In order to proceed further, you’re in need to hire a sponsor. The requirement for starting a new business venture Sponsor Requirement: Nationals other than GCC nationals are not permitted to have majority shares outside … Read more
Trademarks are words and symbols which businesses utilize in identifying themselves, including their unique goods and services. Prior to using a brand or trademark for your business, there is a need to be aware of marks or brands that are confusingly similar. If you are or will be using a mark to one that’s also … Read more
UAE Cabinet recently issued Resolution no 58 of 2020 regarding the regulation of registry and procedures of corporate beneficial owners. With the enforcement past due, UAE companies are now mandated to comply with all reporting obligations that are prescribed by the resolution, which include maintaining registers for ultimate beneficial owners, as well as trustees, shareholders, … Read more