Existing offshore companies registered in other jurisdictions can transfer their Domicile to RAKICC. “Re-domiciliation” or “Transfer of Domicile” is the process by which a company/enterprise moves its domicile from one jurisdiction to another by changing the country under whose laws it is registered or incorporated while maintaining the same legal identity. Companies re-domicile or opt…

weekly gcc economic updates

The UAE is expected to lead economic growth in the Arabian Gulf in 2017  (12 April 2017  to 18 April 2017) The economic growth in the Middle East had a mixed surge in the first quarter of the year 2017. The nonoil sectors had a strong foot in the first quarter of the year 2017…

VAT Implementation in uae

The Tax concept is not totally new for the business community in theUAE. Certain taxes like customs duty, municipality taxes, tourism fee, property tax, rental tax etc are already there. But VAT (Value Added Tax) is a new concept in the UAE. Let us see how VAT will impact the companies as well as the…

vat uae

STEP 1: Check whether your company needs to be registered for  VAT or not. Whether your current year turnover is more than AED 375,000/? Whether the activity of your company is coming under other than any of the exempted category such as healthcare, education, local transport, residential real estate or any of the selected 100…

form company formation

In Sharjah Media City (Shams Free Zone) an emerging free zone in UAE through Emirates Chartered Accountants Group. They have started issuing free zone licenses in different sectors. SHAMS, Sharjah Media City is located in the emirate of Sharjah, which is launched in January 2017 with a vision to be a world-class hub for media…

company formation

Steps in formation of a company engaged in Project Management Consultancy – Company Formation Includes firms specialized in managing and guiding project processes from start to finish as regarding planning, organizing, motivating, and controlling resources, procedures in order to achieve all of the project goals, it involves managing budgets, resources and relationships to achieve organizational…

company formation dubai

Includes firms engaged in managing commercial, residential, industrial buildings owned by the owner and his first and second-degree relatives. It also includes handling contractual arrangements with the firms in charge of maintenance, security and issuing tenancy contracts. Pre-Conditions/Restrictions: Expatriate investor can also join with the company as a partner. Expatriate partner’s visa must be under…

company formation dubai

Steps to form a company engaged in Leasing and Management of other people’s property Include firms engaged in managing commercial, residential, industrial buildings through contracting with the owner in order to re-lease on subcontracting bases also, handling contractual arrangements with the firms in charge of maintenance, security as well as issuing tenancy contracts. Pre-Conditions/Restrictions: Bank…

The following are the steps to be taken into consideration whilst engaging into a firm with the activity of Real Estate Management Supervision Services. Include firms specialized in managing and supervising properties as regarding contracting with the firms in charge of maintenance, cleaning and security services, handling the administrative issues for the property’s owner, coordinate…

The real estate sector is one of the most happening sectors in the UAE. There are a multitude of activities which are encompassed within the domain of the real estate sector. One of the popular activities within the real estate activities subset is the real estate buying and selling brokerage. This activity Includes firms dealing…

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