FAR Consulting Blog
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FAR Consulting Middle East, a division of FAR-Farhat Office and Co., has been a trusted name in Dubai since 1985. Renowned for top-notch company formation services across the UAE, their expert consultants assist individuals, SMEs, and corporations with mainland, offshore, and free zone setups. With over 30 years of regional experience, their solutions ensure efficient, time-saving, and..
FAR Consulting Blog
3d ago
UAE businesses can change their names at their discretion. However, the name change for a company has to be done as per procedures and regulations stated in the UAE Companies Law. In UAE, the law prescribes that name changes are to be approved by all stakeholders with the approval of relevant authorities.
Usually, businesses go for a name change either from a government order, to reflect the company’s new brand, and/or a change in the activities of the business.
Requirements to Change Company Name in Dubai, UAE
The basic documents that are required in changing the name of a UAE company ..read more
FAR Consulting Blog
3d ago
As per United Arab Emirates law about mainland business setup, foreign investors are required to have a resident, a UAE national, as a sponsor. A Sponsor is typically not involved in the company’s administration mostly and is agreed upon yearly charges according to the contract. Usually, a local sponsor is appointed to liaise with the government department and authorities.
Also Read: UAE New Family Sponsorship Policy for Expats
Local sponsors in UAE used to refer to local service agents and nominee shareholders (sleeping partners) in mainland companies with foreign investment. A sponsor has ..read more
FAR Consulting Blog
3d ago
A trade license is one of the most important requirements for doing business in Dubai. Getting a business license renewed involves a lot of documents processed. Also, renewing a business trade license could be a long process if you are not familiar with it. Delay in filing a trade license renewal levies penalty, or worse, a ban on the business license, freezing all the business activities. There are three kinds of licenses issued by the Department of Economic Development, Dubai.
The commercial license
The industrial license
Professional license
Also Read: Difference Between Commercial Lic ..read more
FAR Consulting Blog
3d ago
Here are the 15 Business Investment Opportunities in Dubai, UAE for 2024.
Construction
Infrastructural development is very fast in Dubai and new buildings and structures are being erected in Dubai with each passing day. This opens a huge door of opportunities for engineers and other professionals in the building and construction sector. Similarly, investors can set up businesses that manufacture or sell raw materials used in building and construction.
Oil and Gas
This has been the mainstay of the country’s economy for several years for the UAE. Much of the riches presently enjoyed ..read more
FAR Consulting Blog
3d ago
Free zones in Dubai offer numerous benefits to companies. Some of the benefits are:
No personal income or capital gain taxes
100% foreign ownership is allowed in free-zone business
No corporate taxes
No duties on import or export
100% repatriation of capital and profits
Modern efficient communications
Liberal labor laws and no recruitment problems
Attractive working environment
No currency restrictions
Excellent support services
Free Zones offer excellent facilities which are ideal for running business operations:
Land on lease provided for investor development
Pre-built warehouse/factory ..read more
FAR Consulting Blog
4d ago
One of the top free zones in the world and one of the fastest growing is JAFZA (Jebel Ali Free Zone UAE). JAFZA hosts and provides housing for more than 120 of the 500 tycoons from diverse countries throughout the world. It is the most important factor in the booming UAE economy. JAFZA’s unrivaled reputation shows creativity and pioneering dynamism.
A business cannot just sell itself to someone and assume that it can instantly shut down without terminating its trade license in JAFZA, whether it be an offshore corporation or a JAFZA free zone company. We’ll give you information about the enti ..read more
FAR Consulting Blog
4d ago
Payroll outsourcing in UAE is one of the key factors in a business. The ever-changing aspect of modern business today has given rise to the specialized payroll outsourcing companies that take the responsibility away from the businesses, to make sure that they can focus solely on activities that will help them grow. To get a clearer idea, let’s have a look at the payroll outsourcing benefits and the steps to follow once you decide to outsource payroll services.
How Outsourcing Payroll Services Can Benefit Your Business? Accuracy
Professional payroll processors have the tools technology and ex ..read more
FAR Consulting Blog
4d ago
Have you been wondering about the paperwork required to bring a brand new family member in Dubai or anywhere in the UAE? If so, then you’ve come to the right place! In this article, we’ll provide you with a guide on getting your newborn child a UAE residency visa. Let’s start!
During the Pregnancy
You will need to make sure that you have an attested marriage certificate if you’ve married outside the UAE. An attested marriage certificate is necessary for opening a file for maternity in a UAE hospital. You’ll be asked for copies and the original attested document. The attestation of a ma ..read more
FAR Consulting Blog
4d ago
HR Outsourcing Companies in Dubai can streamline human resource operations and also ensure that business demands are met and costs are kept under control.
Let’s have a look at some of the benefits of HR outsourcing.
Benefits of Outsourcing HR Services
Here is the list of 8 benefits of outsourcing HR Services for your company.
Cost Effective
Efficiency
Employee development
Ensuring compliance
Risk management
Access to expertise
Global Talent
Access to better technology and tools
Cost Effective
one of the most important benefits of outsourcing Human Resource functions is saving the organizat ..read more
FAR Consulting Blog
4d ago
Registration of trade licenses in Dubai has to face difficulties due to the unfamiliarity of the entire application process. The Dubai Economic Department (DED) regulates and monitors the licensing procedures for every company in the emirate. A comprehensive understanding of the procedure is necessary for a smooth transaction.
Steps to Register a Trade License in Dubai, UAE 1. Get Required Permission
As per UAE law business has to acquire permission from the entities to acquire a license that corresponds to their specified corporate activity. The nature of activity decides whether an enterpr ..read more