DOCSLIB.ORG

Doingbusinessguide-Dubai.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Doingbusinessguide-Dubai.Pdf 1 DOING BUSINESS IN DUBAI 2 3 DOING BUSINESS IN DUBAI TITLE : DOING BUSINESS IN DUBAI Printing and Publishing rights of the book and subsequent editions reserved with the Publisher. PUBLISHER: Morison Menon Corporate Services P. O. Box : 125365, Dubai, UAE Tel: +971 4 336 7000 Fax: +971 4 337 2525 Email : [email protected] © All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without prior permission in writing from the Publisher. DISCLAIMER: While every effort has been taken by the Publisher to avoid errors or omissions in this publication, any mistake or omission is not intended. The information given is liable to change without notice. It should be taken note of that neither the Publisher nor the Publishing team, will be responsible for any damage or loss, or any other consequences whatsoever, of any decision/investment/business set up etc. done based on the contents of this book. Language : English Number of Pages : 142 Number of copies printed : 30,000 Series : Fifth Edition - Year 2013 Month of Publication : January 2013 The book is not for sale. The book is distributed complimentary by the Publisher and by other entities with the prior consent of the Publisher. DESIGN : IPIX Solutions Pvt. Ltd. (A group entity of Morison Menon) Calicut, Kerala, India. Email: [email protected] www.ipixsolutions.com 4 HH Sheikh Khalifa Bin Zayed Al Nahyan President of the United Arab Emirates and the Ruler of Abu Dhabi HH Sheikh Mohammed Bin Rashid Al Maktoum Vice President and Prime Minister of the United Arab Emirates and the Ruler of Dubai HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum Crown Prince of Dubai and Chairman of the Dubai Executive Council 5 DOING BUSINESS IN DUBAI 6 FOREWORD His Highness Sheikh Ahmed Bin Saeed Al Maktoum President of Dubai Civil Aviation Authority Chairman and CEO of the Emirates Airline and Group Chairman of Dubai Supreme Fiscal Committee With Dubai achieving so many momentous milestones in the past decade alone, writing a foreword to a book about ‘Doing Business in Dubai’ is anything but easy. The vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, to always think beyond the present and ensure that Dubai stays ahead in creating world-class business environment for the people of the UAE and foreign investors, has few parallels in contemporary history. The popularity of Dubai as the region’s best and the world’s emerging global business hub has empowered the Emirate to create unique economic opportunities and value propositions that attract the best of global entrepreneurial and business leadership. Dubai government’s strong commitment to free market economy, fair competition and economic diversification are unparalleled in the region and compare with the best globally. It gives me great satisfaction to see that Dubai has developed economic sectors as diverse as aviation, tourism, logistics, trade, health, education, technology, and media among others. In 2011, trade, tourism, aviation, logistics and transportation already constituted up to 60 percent of Dubai’s total GDP. Thousands of international business entities are either headquartered in Dubai or have a major presence here, demonstrating the global credibility of the city, which is a second home to the hundreds of thousands of people from more than 200 countries who live and work here harmoniously. ‘Doing Business in Dubai’, published by Morison Menon, a global business consulting firm with a presence here since 1994, provides a glimpse of the vision which led to the transformation of Dubai and continues to shape its future, as well as an insight into the details of doing business and living in this dynamic city. The book also captures the essence of Dubai Strategic Plan 2015, explaining trade regulations and entry strategy for foreign investors, covering the financial sector, banks, and laws on holding property, as well as the role of government departments and judiciary. Importantly, for the thousands of tourists and prospective residents that flock to Dubai each year, the book provides information on opportunities in the tourism sector and the lifestyle that Dubai offers. ‘Doing Business in Dubai’ is a welcome addition to books on the subject and will benefit local and overseas investors in their business endeavours in Dubai. I wish Morison Menon and its team great success with the book. 7 DOING BUSINESS IN DUBAI 8 MESSAGE His Excellency Mohammed Ibrahim Al Shaibani Director General of His Highness The Ruler’s Court - Dubai Executive Director & CEO – Investment Corporation of Dubai The business opportunity that Dubai offers to established franchises as well as startup ventures is amazing and unrivalled. Businesses from all over the globe are racing to setup presence in Dubai as a part of their vision to operate in a highly lucrative environment. The transformation of Dubai from being dependent on handful of business sectors to multi sector economy with each sector competing to outdo its rivals would not have been possible, but for the grand vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, supported ably by setting up of advanced infrastructure and transparent corporate governance. The Investment Corporation of Dubai, the government’s investment vehicle, has been playing a significant role in growth of Dubai through strategic investments in the areas of utilities, energy, transportation, industrial, real estate, hotel and leisure and assisting in realizing the vision of Dubai. I am happy to know that Morison Menon has done detailed research to distill the rules and regulations and all other relevant aspects that would help any prospective global investor to establish business in Dubai and thus arrived at this new handbook titled ‘Doing Business in Dubai’. I hope this book helps the business community at large in getting required information about Doing Business in Dubai and adds as a catalyst to attract new investors. 9 DOING BUSINESS IN DUBAI 10 MESSAGE His Excellency Sami Al Qamzi Director General Dubai Department of Economic Development Globally, trade and economic activity are now moving towards destinations capable of energising and sustaining growth. Dubai in particular has become a destination of choice for investors and businesses looking to establish their presence in the GCC, eventually expanding further into the fast-growing markets in the Middle East, North Africa and South Asia. The Government of Dubai has made it a key element of its development strategy to enhance the benefits of doing business in Dubai. All infrastructure and policy initiatives in Dubai today are guided by the objective of positioning Dubai as the most competitive hub for business and investment as envisioned in the Dubai Strategic Plan 2015. The Department of Economic Development (DED) is committed to remain a key driver of economic activity and create an environment for sustainable economic development and prosperity for Dubai and the UAE in line with the Dubai Strategic Plan 2015. Providing efficient services to local and international investors in identifying opportunities and supporting growth across key sectors is an integral component of our commitment. The Department works on various fronts, in partnership with other government agencies and the private sector, to ensure that business processes are streamlined and concerns of the business community are duly addressed. DED licences and regulates business activities in Dubai, promotes consumer rights and fair trade practices, and encourages businesses to embrace best practices in quality, excellence and human development. We believe that the focus areas we have identified and our efforts to further improve existing processes are critical to enhancing Dubai’s global ranking in competitiveness and the ease of doing business. DED is also eager to share information and knowledge on policies and practices relating to doing business in Dubai, wherever required. Morison Menon is doing an excellent service by publishing the handbook on ‘Doing business in Dubai,’ which should help investors to get a glimpse of all the required information they need to know. I wish them all the best in this endeavour. 11 DOING BUSINESS IN DUBAI 12 PREFACE CA. Raju Menon Chairman & Managing Partner Morison Menon Morison Menon is pleased to launch the fifth edition of ‘Doing Business in Dubai’. My team takes great satisfaction in bringing this revised and updated version of the book, ‘Doing Business in Dubai’. Dubai ‘the most happening city’ in the 21st century continues its march forward by setting global benchmarks in social and economic spheres for others to emulate. The truly amazing business friendly schemes initiated by our visionary Ruler HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and the Ruler of Dubai, have put Dubai at a very high pedestal amongst the global business community and the results have been spectacular. Whether it is the global corporations or the brick and mortar type, leading banks and financial institutions or the new age information technology giants, all have chosen Dubai as the preferred destination not only for doing business in the Middle East but also as a gateway between the west and the east. Dubai has in it all that
Load more

Recommended publications
  • Important Notice This Base Prospectus May Only Be
    IMPORTANT NOTICE THIS BASE PROSPECTUS MAY ONLY BE DISTRIBUTED TO PERSONS WHO ARE OUTSIDE OF THE UNITED STATES. IMPORTANT: You must read the following notice before continuing. The following notice applies to the attached base prospectus following this page (the Base Prospectus), whether received by email, accessed from an internet page or otherwise received as a result of electronic communication, and you are therefore advised to read this notice carefully before reading, accessing or making any other use of the Base Prospectus. In reading, accessing or making any other use of the Base Prospectus, you agree to be bound by the following terms and conditions and each of the restrictions set out in the Base Prospectus, including any modifications made to them from time to time, each time you receive any information from Dubai DOF Sukuk Limited (the Issuer) and the Government of Dubai (the Government) as a result of such access. RESTRICTIONS: NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THE TRUST CERTIFICATES IN THE UNITED STATES OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. ANY TRUST CERTIFICATE TO BE ISSUED HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT), OR WITH ANY SECURITIES REGULATORY AUTHORITY OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION. THE TRUST CERTIFICATES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED DIRECTLY OR INDIRECTLY WITHIN THE UNITED STATES (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT (REGULATION S)) EXCEPT IN AN OFFSHORE TRANSACTION PURSUANT TO RULE 903 OR RULE 904 OF REGULATION S IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES.
    [Show full text]
  • Reigniting Growth in Central and Eastern Europe Eastern and Central in Growth Dawn:A New Reigniting
    McKinsey Global Institute McKinsey Global Institute A new dawn: ReignitingA new dawn: growth in Central and Eastern Europe December 2013 A new dawn: Reigniting growth in Central and Eastern Europe The McKinsey Global Institute The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company, was established in 1990 to develop a deeper understanding of the evolving global economy. MGI’s mission is to provide leaders in the commercial, public, and social sectors with the facts and insights on which to base management and policy decisions. MGI research combines the disciplines of economics and management, employing the analytical tools of economics with the insights of business leaders. Its “micro-to-macro” methodology examines microeconomic industry trends to better understand the broad macroeconomic forces affecting business strategy and public policy. MGI’s in-depth reports have covered more than 20 countries and 30 industries. Current research focuses on six themes: productivity and growth; the evolution of global financial markets; the economic impact of technology and innovation; natural resources; the future of work; and urbanisation. Recent reports have assessed job creation, resource productivity, cities of the future, and the impact of the Internet. The partners of McKinsey fund MGI’s research; it is not commissioned by any business, government, or other institution. For further information about MGI and to download reports, please visit www.mckinsey.com/mgi. McKinsey in Central and Eastern Europe McKinsey & Company opened its first offices in Central and Eastern Europe in the early 1990s, soon after the momentous democratic changes in the region. McKinsey played an active role in the region’s economic rebirth, working with governments, nonprofits, and cultural institutions, as well as leading business organisations.
    [Show full text]
  • PRESS RELEASE ENBD REIT Announces Full Year Results For
    PRESS RELEASE ENBD REIT Announces Full Year Results for 31st March 2020 Net Asset Value as at 31st March is USD 230 million or USD 0.92 per share Total property portfolio value stands at USD 410 million Portfolio occupancy of 82% is robust, despite difficult market conditions Management have rolled out a fee reduction of 20 bps until 31st December 2020, equivalent to a 13% total reduction in fees Board and committees have agreed to a 13% discount on remuneration for the same period Proposed final dividend of USD 5,100,000 or USD 0.0204 per share, generated from the portfolio’s net rental income Dubai, United Arab Emirates, 9th June 2020: ENBD REIT (CEIC) PLC (“ENBD REIT” or the “Fund”), the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced its financial results for the year ended 31st March 2020, prepared in accordance with International Financial Reporting Standards ("IFRS") and audited by Deloitte. As at 31st March 2020, ENBD REIT's Net Asset Value ("NAV") was USD 230 million or USD 0.92 per share (decreasing by 10.7% on the previous year), and the total value of its property portfolio was USD 410 million (decreasing by 8.9% on the previous year). ENBD REIT’s Loan-to-Value ("LTV") ratio stood at 44.2%. Downward pressure on valuations was driven by prevailing soft real estate market conditions, that were compounded by the impact of the Covid-19 pandemic, which had a negative valuation effect of approximately USD 19.1 million in the last quarter of the financial year ending 31st March 2020.
    [Show full text]
  • Dubai Review 2020 – 2021 Outlook
    Dubai Review Outlook www.valustrat.com ValuStrat Price Index – VPI Dubai Residential Base: January 2014=100 ValuStrat Price Index – VPI Dubai Office Base: January 2015=100 All prices are quoted in UAE Dirhams unless otherwise stated Sales and Rent performance are measured on a quarterly basis while hotel performance are on yearly basis 2020 Review FIRST QUARTER REVIEW 2020 VPI Residential VPI Residential VPI Office Capital Values Rental Values Capital Values 73.3 69.6 63.1 -10.1% -8.9% -14.7% Y-o-Y Y-o-Y Y-o-Y Residential Ready Residential Ready Ticket Size Sales Volume 1.71m 3,491 AED Transactions 0.6% -0.3% Q-o-Q Q-o-Q Residential Off-Plan Residential Off-Plan Ticket Size Sales Volume 1.45m 5,224 AED Transactions -8.6% -26.3% Q-o-Q Q-o-Q Office Sales Office Sales Office Ticket Size Volume Rent 0.92m 269 863 per sq m AED Transactions AED -17.9% 11.2% -5.2% Q-o-Q Q-o-Q Q-o-Q Jan COVID - 19 PANDEMIC • The VPI – residential capital values for Dubai as of March 2020 stood at 73.3 points, dipping 0.9% since February, -10% annually. 1W • First confirmed case in the UAE recorded on 29th January • The Dubai VPI for residential rental values during Q1 2020 stood at 69.6 points, • Suspension of all flights except cargo, halting operation of major public mass declining 1.7% quarterly and 8.9% annually. On an annual basis, apartment and transport (Dubai Metro and Tram) villa asking rents fell 9.4% and 8% respectively • Countrywide curfew and disinfection drive started • VPI for Dubai’s office capital values stood at 63.1 points, suggesting that
    [Show full text]
  • Your Guidebook
    All-Inclusive Guidebook 1-Day 2-Parks Hopper at Dubai Parks and Resorts Getting in: just show your pass at your two chosen parks or resorts and you're in. Please note: tickets exclude activities/events that are separately priced. Hours of Operation Opening hours are subject to change. For the most up-to-date times, visit the Dubai Parks and Resorts website before your trip. Closings & Holidays N/A Getting There Address Dubai Parks and Resorts Emirates Road between Dubai and Abu Dhabi N/A, Dubai N/A AE 1-Hour Explorer Tour Attraction status as of Oct 3, 2021: Temporarily unavailable Getting in: show your pass for entry. Hours of Operation Daily: 11.30AM and 2.30PM Closings & Holidays N/A Reservations required To reserve your spot, email your prefered date and time to [email protected] or send a WhatsApp message to +971 56 991 1250. E-mail: [email protected] Phone: +971 56 991 1250 Getting There Address D-Marin Dubai Harbour Marina N/A, Dubai N/A AE Closest Bus Stop Mina Siyahi, LeMeridien Hotel 2 Bus Stop 4X4 Quad Bike Ride in the Desert Getting in: once your reservation is confirmed, simply show your passes to our Safari Driver during hotel pick up. You must be 12+ years to attend the tour. For children under 12 years, check out the Morning Desert Safari tour instead. Hours of Operation Pick up at 8.30AM Office hours: 8.30AM-8.30PM Closings & Holidays N/A Reservations required Please contact Planet Tour UAE's reservation department on 800 4039 or +9714 347 3746 or e-mail on [email protected].
    [Show full text]
  • Land Plots for Sale
    Land plots for sale Dubai Holding Creating impact for generations to come Dubai Holding is a global conglomerate that plays a pivotal role in developing Dubai’s fast-paced and increasingly diversified economy. Managing a USD 22 billion portfolio of assets with operations in 12 countries and employing over 20,000 people, the company continues to shape a progressive future for Dubai by growing $22 Billion 12 121 the city’s business, tourism, hospitality, real estate, media, ICT, Worth of assets Industry sectors Nationalities education, design, trade and retail. With businesses that span key sectors of the economy, Dubai Holding’s prestigious portfolio of companies includes TECOM Group, Jumeirah Group, Dubai Properties, Dubai Asset Management, Dubai Retail and Arab Media Group. 12 20,000 $4.6 Billion For the Good of Tomorrow Countries Employees Total revenue 1 Dubai Industrial Park 13 The Villa Imagining the city of tomorrow 2 Jumeirah Beach Residences(JBR) 14 Liwan 1 3 Dubai Production City 15 Liwan 2 4 Dubai Studio City 16 Dubailand Residences Complex Dubai Holding is responsible for some of Dubai’s most iconic 5 Arjan 17 Dubai Design District (d3) destinations, districts and master developments that attract a network 6 Dubai Science Park 18 Emirates Towers District of global and local investors alike. With our extensive land bank we 7 Jumeirah Central 19 Jaddaf Waterfront have created an ambitious portfolio of property and investment 8 Madinat Jumeirah 20 Dubai Creek Harbour opportunities spanning the emirate across diverse sectors. 9 Marsa Al Arab 21 Dubai International Academic City 10 Majan 22 Sufouh Gardens 11 Business Bay 23 Barsha Heights 12 Dubailand Oasis 9 2 8 22 7 18 23 11 17 19 3 5 6 20 4 1 10 14 1 Dubai Industrial Park 15 13 16 12 21 Dubailand Oasis This beautifully planned mixed-use master community is located in the heart of Dubailand, with easy access to main highways of Freehold 1M SQM Emirates Road, Al Ain Road (E66) and Mohammed bin Zayed Road.
    [Show full text]
  • World Expo 2020: Destination Dubai
    World Expo 2020: Destination Dubai August 2015 Dubai World Trade Centre www.thebig5.ae 23-26 Nov 2015 Definition of World Expo The World Expo is a major event, considered to be the third-largest global non- commercial event in terms of economic and cultural impact, after the Olympic Games and the FIFA World Cup. The World Expo is an universal exposition sanctioned by the Bureau of International Expositions (BIE) and organised every five years by the nation that wins the right to host the event. They attract millions of visitors who explore and discover pavilions, exhibitions and cultural events staged by hundreds of participants including nations, international organisations and businesses. Each one is a catalyst for economic, cultural and social transformation and generates important legacies for the host city and nation. The current World Expo is being held at Milan, Italy (May 1st to October 31st, 2015). The Dubai Expo 2020 and its significance The Dubai Expo 2020 will be the first one to be held in the MENA region, and it will run for a six-month period between October 2020 and April 2021. Approximately 182 countries and companies are expected to participate in the Dubai Expo 2020. The purpose of the Dubai Expo 2020 is to provide a platform for the global community to share innovations and engage in debate about key issues facing the world. The reason the Dubai Expo 2020 is evincing huge interest is because analysts believe it will boost tourism and other parts of the economy as the government is likely to spend a predicted US$ 7 billion on infrastructure, with the benefit expected to trickle down to other industries.
    [Show full text]
  • Urban Megaprojects-Based Approach in Urban Planning: from Isolated Objects to Shaping the City the Case of Dubai
    Université de Liège Faculty of Applied Sciences Urban Megaprojects-based Approach in Urban Planning: From Isolated Objects to Shaping the City The Case of Dubai PHD Thesis Dissertation Presented by Oula AOUN Submission Date: March 2016 Thesis Director: Jacques TELLER, Professor, Université de Liège Jury: Mario COOLS, Professor, Université de Liège Bernard DECLEVE, Professor, Université Catholique de Louvain Robert SALIBA, Professor, American University of Beirut Eric VERDEIL, Researcher, Université Paris-Est CNRS Kevin WARD, Professor, University of Manchester ii To Henry iii iv ACKNOWLEDGMENTS My acknowledgments go first to Professor Jacques Teller, for his support and guidance. I was very lucky during these years to have you as a thesis director. Your assistance was very enlightening and is greatly appreciated. Thank you for your daily comments and help, and most of all thank you for your friendship, and your support to my little family. I would like also to thank the members of my thesis committee, Dr Eric Verdeil and Professor Bernard Declève, for guiding me during these last four years. Thank you for taking so much interest in my research work, for your encouragement and valuable comments, and thank you as well for all the travel you undertook for those committee meetings. This research owes a lot to Université de Liège, and the Non-Fria grant that I was very lucky to have. Without this funding, this research work, and my trips to UAE, would not have been possible. My acknowledgments go also to Université de Liège for funding several travels giving me the chance to participate in many international seminars and conferences.
    [Show full text]
  • Guide to Doing Business in the United Arab Emirates
    CANADA-UAE BUSINESS COUNCIL GUIDE TO DOING BUSINESS IN THE UNITED ARAB EMIRATES 1ST EDITION This document offers an overview of each federal government’s strategies and initiatives, key organizations, main women’s events & key people. This Canada-UAE Business Council Guide to Doing Business in the United Arab Emirates is intended UAE to educate Canadians interested in conducting FACT SHEET business in the United Arab Emirates (UAE). The Guide gives an overview of the UAE—its government structure, demographics, and economy. It presents considerations for business, including reasons to do business in the UAE, business etiquette, establishing a business, labour laws, and taxation. It also incorporates a section on Canada-UAE commercial relations to provide context for the broader bilateral business relationship. This Guide is not an exhaustive resource on every FOUNDED aspect of doing business in the UAE and therefore should only be used as a starting point for Canadian businesses exploring potential opportunities in 1971 the UAE. It is not a substitute for specific business ST or legal advice. Section 12 provides a list of FOUNDER/1 PRESIDENT RELIGION organizations in both the UAE and Canada that can HIS HIGHNESS SHEIKH ZAYED OFFICIALLY ISLAM; be contacted for further information and assistance. BIN SULTAN AL NAHYAN OTHER RELIGIONS PRACTICED This Guide was inspired by the US-UAE Business POLITICAL SYSTEM Council Guide to Doing Business in the United Arab LANGUAGE Emirates CONSTITUTIONAL FEDERATION OFFICIALLY ARABIC; designed for American businesses. The (THE MONARCH OF ABU DHABI IS THE HEAD OF STATE) Canada-UAE Business Council (CUBC) developed ENGLISH IS WIDELY SPOKEN this Guide after reviewing dozens of other similar FEDERATION GDP guides published by various trade and investment SEVEN EMIRATES entities and law offices active in the UAE.
    [Show full text]
  • DUBAI: the 8Th WONDER
    EMP W E A L T H T H R O U G H K N O W L E D G E A D V I S E R S • C o u n t r y f a c t s • T o u r i s m • R e a l e s t a t e m a r k e t • H i s t o r y a n d c u l t u r e • L e g a l a d v i c e • S t r e n g t h s • E c o n o m y • W e a k n e s s e s • P o l i t i c s DUBAI: THE 8th WONDER OF THE WORLD w w w . e m p a d v i s e r s . c o m report on DUBAI w w w . e m p a d v i s e r s . c o m EMP w e a l t h t h r o u g h k n o w l e d g e A D V I S E R S Country facts Location: Middle East, bordering the Gulf of Oman and the Persian Gulf between Oman and Saudi Arabia Population: 2,921,376 (2021) GDP: $401.51 billion USD 2021; per capita $31,982.23 USD(2020) Area: 32,000 sq mi (82,880 sq km) Climate: The UAE was the first country in the Middle East to introduce the Satellite Delivered Information System technology (SADIS), a weather forecasting technology that covers the globe, with the exception of Polar Zones.
    [Show full text]
  • Approved Auditors List in Accordance to DMCC Approved Auditor Rules Sr
    DMCC Approved Auditors List in Accordance to DMCC Approved Auditor Rules Sr. Account Auditor Name U.A.E. Address Email Address No. Number 1 148624 A & M Al Ansari Auditing The H Hotel Office Tower, Level 29, Office# 2903-01, One Sheikh Zayed Road, Dubai, UAE [email protected] 2 165557 Abacus Accounting & Auditing 301 Royal Center Maktoom Hospital Road, Dubai UAE [email protected] 3 148718 Abdallah Al Qaydi SPA Auditing C-56 L Owais Building Al Rigga Road, Deira Dubai, UAE [email protected] 4 148573 Abdulaziz Panis And Shah Associates Chartered Accountants LLC Office No. 104, Gold Land Building, Gold Souq, Dubai UAE [email protected] 5 148610 Abdulhusain & Associates Al Owais Building, Mezzanine Floor, Block E-06, Al Rigga Road, Dubai UAE [email protected] 6 148589 Abdulla Al Marzooqi Chartered Accountants Office 301, RAK Bank Bldg. Sheikh Zayed Road, Dubai UAE [email protected] 7 166824 Abdulla Almheiri Auditing of Accounts & Tax Consultant Office no. 208, Boushaqer Bldg. Al Garhoud, Deira Dubai, UAE [email protected] 8 149760 Abdulmunem Al Rubaie & Partners Chartered Accountants 3204 Aspect Tower, Business Bay, Sheikh Zayed Road Dubai, UAE [email protected] Abdulrahman Alnuaimi Auditing of Accounts Owned by Abdulrahman 9 148552 Alnuaimi One Person Company L.L.C. M-5, Al-Shali Building near Al Mamzar Business Center, Al Itihad Road Dubai, UAE [email protected] 10 148598 ABK Saqer Auditing Office No. 106 al qusais plaza building, Damascus street [email protected] 11 148591 Active Auditors Sharjah, UAE [email protected]
    [Show full text]
  • Understanding Free Trade Zones
    Understanding Free Trade Zones CA. Sameer Kashikar ACA, MBA Table of Contents Page Topic No. Free Trade Zone - An Introduction 1 Benefits of Free Trade Zones 2 UAE And Free Trade Zones 3 Jabel Ali Free Zone – A Pioneer 4 List of Free Zones in UAE 5 UAE Free Zones & VAT 7 Free Trade Zone - An Introduction A Free trade Zones (FTZ) also known as Free Economic Zones (FEZ), Free Economic territories (FEts) or Free Zones (FZ) are one or more areas of the Country where tariffs & quotas are eliminated, and bureaucratic requirements are lowered in order to attract companies by floating the incentives for doing business there. Free trade Zones are proved to be an effective & useful tool to develop new markets and to increase earnings from foreign trade. Most of the Free trade zones are located in developing countries. They are special zones where typical trade barriers such as import or export tariffs do not apply, bureaucracy is typically minimized by outsourcing it to FTZ operators. Companies can seek sheltered area best suited to their needs The organizations set up in the Free Trade Zones may be given tax breaks as an additional incentive. Mostly these zones are set up in the underdeveloped part of the country, the rationale that the zones will attract employers and thus economic activities will take place in that area thereby increasing employment and cashflow. 1 Free trade zones in Latin America dates back to the early decade of the 20th century. The first free trade regulations were enacted in 1920 in Argentina and Uruguay.
    [Show full text]