Business Formation - EEG Web

UAE VAT Registration: Check if It’s a Requirement

March 4, 2021

Is VAT registration a requirement in the UAE? The UAE did not have a value-added tax in place until very recently, but the short answer is yes if your business meets a few pieces of criteria. Many factors go into what your VAT registration for a new or already-existing company in the UAE needs. Let’s have a look. VAT Registration Requirements The UAE’s value-added tax (VAT) went into effect in 2018 and applies to all goods and services sold domestically in Emirati territory at a standard rate of five per cent. Every step of the supply chain will see a five per cent charge, with end-consumers assuming the ultimate brunt of these added costs. On the other hand, businesses are in charge of accounting and collecting

Your Ongoing Corporate Governance and Compliance Obligations

February 15, 2021

When you go about company formation in any jurisdiction, the procedures you undergo don’t stop once you acquire your company licence. You must consider (based on your jurisdiction) what to do to ensure you maintain your favourable status. What are the ongoing corporate governance and compliance components you can’t afford to ignore? We have all the details. But first, what is corporate governance? Corporate governance refers to the framework an entity employs to direct and control all the moving parts. This system includes the necessary processes, norms, and regulations a firm needs to accomplish its business goals while balancing internal and external stakeholders’ needs. Beyond this definition, how does this work in practice? The primary organism in charge of driving this structure is its board of directors because they

Changes to Dubai/UAE Mainland Company Foreign Ownership

February 4, 2021

With the recent overhaul of the UAE’s Companies Law, one of the most significant drawbacks for foreigners to establish Mainland or onshore companies is no longer an issue. What are the implications of this critical regulatory change, and what do the Emirati authorities expect from it? We have all the details for you to take advantage of this opportunity for company formation. A review of company ownership types in Dubai and the rest of the UAE for foreigners Before we go any further, let’s quickly recap the primary corporate structures you’ll find in the UAE and see how it impacts foreigners looking to set up an entity in the country. You’ve probably heard us use Free Zone, offshore and Mainland somewhat

90k Companies Established in the UAE with Europe Emirates Group

February 3, 2021

As you begin the process of starting your own company in Dubai, it’s essential to have the right partners with whom to navigate the landscape. So, what are the benefits of working with a 360° corporate services provider in Dubai like Europe Emirates Group? In this article, we’ll outline the benefits that come with using a licensed company services provider that meets every need of company formation. Regulatory Requirements We’ve long stated that company formation doesn’t end with acquiring your initial company licence in Dubai. Conditions in the business world change rapidly, and your solution must also have that same capacity for change. With that in mind, our business approach considers conditions before and after you start your own company and we remain in continuous

Would You Trust a Corporate Services Provider Only On Price?

January 24, 2021

When we think about the critical factors that come into a purchasing decision, the price inevitably arises. Whether we’re buying food, a Rolex or a home, there’s no escaping this factor. However, there’s so much more than the number on the price tag within a value proposition. But let’s think about when we’re not consumers, but instead as entrepreneurs or businesspeople. When making decisions about who you trust to guide you in a wealth of critical activities as you establish your entity, many things enter the equation. Choosing the right Corporate Services Provider is no exception. Should price be the ultimate criteria when deciding the best provider for your corporate services needs in the UAE? We’ll explain why you should look beyond price. But first, what

Dubai Silicon Oasis

January 20, 2021

The Dubai Silicon Oasis (DSO) is one of the most sought after free zones in the UAE; this area, known for its technology and innovation, combines living and work in a bustling community. Full of everything you could ever want, this 7.2 million square-metre community has recreational, commercial, residential and business areas, creating a place you’ll never want to leave. Incorporated in 2004 by the Government of Dubai, this community is a large technology park, where innovative and technology-focused companies in Dubai Silicon Oasis seek to expand their business, create modern technology and contribute to the world’s research and development in many industries. The following six areas make up the DSO space: Large companies Start-ups and medium-sized companies Universities Venture capitalist funds Incubation centre Government & business services Registering your