Business Formation - EEG Web

How Favourable Are the New Company Formation Rules for Businesses in Dubai?

July 18, 2019

he United Arab Emirates is a country of constant activity. As a nation that is tirelessly adopting game-changing rules and tirelessly adapting to the needs of the global market, UAE has evolved and diversified for the better. On the same note, the recent economic and business regulations are proving favourable for the nation. Company formation in Dubai and other parts of the UAE has become a regular occurrence in the country, all thanks to the new laws. Let’s take a look at its impacts: Increasing Popularity of Dubai Unlike before, the UAE’s Central Banks guidelines require investors to have a residential address to open a corporate account. Earlier, many investors preferred to go ahead with their company formation in the Northern Emirates

Rocking Gibraltar

November 28, 2018

Gibraltar, is a jurisdiction often overlooked in the offshore world. However, several factors render it a superb place to incorporate an offshore company. Together with other highly-reputed British territories such as the Isle of Man, Guernsey, and Jersey, Gibraltar is included within the High Disclosure Offshore Centers. Nevertheless, Gibraltar is only one part of the European Union and the only one able to provide financial institutions with passporting rights and access to the single European financial market. Furthermore, it has an excellent international reputation, a stable government, and a ‘special’ status within the EU: Foreign companies in Gibraltar do not require a physical presence, meaning that they can be controlled and managed from almost anywhere in the world. It also implies that corporate meetings are

Ireland Company Formation

October 25, 2018

Due to its low corporate tax rate, business-friendly government, use of the English language, and its common law heritage, Ireland has become a favoured destination for foreign companies entering the EU marketplace, especially those from the United States. Foreign investors are represented across numerous economic sectors, in particular manufacturing, information and communication, insurance services, and other financial services. Company legislation Companies in Ireland are formed under the Companies Act 2014. This replaced the Companies Acts 1963-2013 and introduced substantial changes to Irish company law, including the simplification of private limited company rules. Company formats Irish legislation provides for several types of companies, including the following: Limited Company: A company owned by its shareholders. Shareholders’ liability, should the company fail,

Forewarned Is Forearmed – Smarter Startups in Dubai

July 13, 2017

Most entrepreneurs and business owners are well aware that Dubai offers a near-perfect commercial environment. Negligible government interference, minimal or zero taxation, a fabulous infrastructure and living standards, and huge incentives for incoming foreign investment… so where’s the catch? Put simply, the most significant pitfalls that await the unwary newcomer to Dubai are not so much the risks as the missed opportunities. Even without optimising its corporate structure and tax status, a business can thrive in Dubai’s benevolent conditions. However, in the longer run, it can find itself handicapped by a legacy of fiscal headwinds and the lasting after-effects of a sub-optimum corporate structure – both potentially severe impediments to long term profitability. Getting it right first time Based in