Free economic zones (FEZ or free zone) – special geographically limited territories, within which the most favorable conditions for registration and business are created. FEZ can be defined as a business community, the purpose of which is to actively attract foreign capital. For foreign entrepreneurs, the simplest scheme for opening an enterprise operates here. They have the right to enjoy tax and customs privileges, can become 100% owners of the company and do not involve a local agent for registration. Commercial activities within the zone are not subject to national structures: management a ..read more

Almost all entrepreneurs have heard about doing business in the Emirates and consider this country to be the best in terms of tax legislation. Since last year, serious changes in the usual course of things have loomed on the horizon. Previously, corporate tax in the UAE was optional, but since June last year, the government has required companies to register with the tax authority. Let’s analyze the tax conditions in detail and answer the question: «Is it so profitable to do business in the Emirates?». What is Corporate Tax (CT)? Corporate tax is imposed on the net profit of the company. It is ..read more

Commercial transactions for the purchase and sale of real estate (real estate) is one of the most actively developing types of business in the UAE. During the pandemic, the market sank significantly, but after its end it quickly caught up and now shows stable growth. The price level remains high and is comparable to Moscow’s. And yet, for similar money in the UAE, you can buy not just good housing, but a real residence with a swimming pool, gym, barbecue area, parking space and security. The return on such investments ranges from 5 to 12% of annual income, which depends on the community. This ..read more

Many entrepreneurs seek to start a business in the Emirates. The country has favorable conditions for any type of business, many opportunities and offers. There are also some peculiarities regarding tax legislation. It is important to know how income tax is paid in the UAE and in what amount so that the business develops and does not bring problems. Read more about payroll taxes later in the article.  How the UAE tax system works It is very convenient to do business in the Emirates, because most of the tax obligations that Russian businessmen are used to simply do not exist here. So, for ..read more

Dubai Gardens district is a residential location that grew up in a place that was a lifeless desert until the beginning of the new millennium. The construction was carried out during the years of an active economic and construction period and was completed by 2008. The Gardens quickly turned into a popular place among investors, as engineers and developers managed to combine convenient transport and social infrastructure with comfortable living and recreation conditions there. The community stands out for its high level of landscaping: the area is simply surrounded by greenery. Geographical lo ..read more

The City Walk area in Dubai is one of the most striking and memorable. This place is created for those who are looking for a creative, creative lifestyle that would manifest itself in everything: in the design of internal and external spaces, entertainment, non-standard solutions related to the placement of amenities. The location is famous for its comfortable luxury apartments, as well as shopping malls and entertainment venues. Description City Walk is a creative space where you can live, work and have fun. Modern creativity thrives here, built on movement, information exchange, communicatio ..read more

Meydan City Dubai is a large young area of Dubai. Its name translates as «Meeting Place», which fully reflects the idea of creating a location that will become a center for business, entertainment, recreation and an upscale lifestyle. Construction began in 2007 and continues to this day. However, Meydan City is already a major plus of the business and entertainment life of the city. One of the world’s largest racetracks is located here, which has turned Meydan City into a venue for world-class equestrian competitions. Advantages and disadvantages The advantages of living in Meydan City include ..read more

Investment opportunities in the UAE economy are constantly growing. Local and international entrepreneurs are actively investing in all sectors. Segments such as the hotel business, real estate, manufacturing, financial services, construction, and design are of particular interest. To make the right investments without risking losing capital, it is better to contact professional consultants. In the UAE, there are investment companies in every economic sector that provide similar services. From them, you can choose the one that best suits your interests. However, this is not so easy to do: ther ..read more

Al Barsha is a cozy respectable residential area in the west of the city. It is an autonomous community that includes several neighborhoods with many residential complexes, well-developed social and transport infrastructure. It is suitable for permanent residence with family and children, as well as for rent and investment. Description of Dubai’s Al Barsha district Al Barsha is a large new area, the development of which is actively continuing. Approximately in the middle there is a highway that divides the territory of the community into two parts: Al Barsha and Al Barsha South (southern part ..read more

Ajman Bank has many branches in the United Arab Emirates.He is supported by the government of the region, as well as the main financial institutions and individuals of the country. The organization’s strategy is focused on the rapidly developing Sharia money services market through innovation for customers. Let’s look at what products and services this bank can offer. About the Bank The financial organization was founded in 2007 as the first Islamic bank to be registered in the Emirate of Ajman. In February 2008, its shares appeared on the Dubai financial market, and a year later the bank was ..read more