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Showing posts from October, 2019

Understanding New Laws To Keep Your Business Safe And Flourishing

Dubai has long been recognised as a successful economy and holds its position as one of the most attractive places on earth for entrepreneurs. The tendency of a business to flourish in this city is what makes people decide to migrate to Dubai and set up their businesses here. Dubai's very popular free zones are regions mainly made for expressing leniency on tax and customs duties for a huge range of expatriate investors who settle here. A Little Change Recent laws in Dubai have been modified for entrepreneurs in the free zones of Dubai. It is important to be acquainted with the changes that have been made to the law. The chairman of the city's law firm namely Baker & McKenzie, Dr. Habib Al Mulla has laid down fresh legislature regarding the ownership of a business in Dubai free zone. The new law states that every business setup will require a local partner for its creation. The primary privilege that foreign investors enjoyed was 100% legal individual ownership of