Dubai Multi Commodities Centre attracting new Investors with 50% reduction in Business Set-up Fees
According to Dubai’s Government Authority on commodities trading and enterprise, the DMCC has reduced business set-up fees by 50% to entice international diamond firms for DMCC company formation in Dubai. The 50% discount went into effect this past August and will expire at the end of September of this year.
Is now the right Time to Launch a Business in MENA? The Experts say “YES!”
The pandemic has left the world economies in shambles and the unemployment rate is touching a new high in many countries. Establishing a new company or launching a new business might be counter-productive, according to most people. However, other feel that it is a good time for business setup in Dubai due to the concessions and tax leeway granted by the government agencies.
Dubai Remains the Leading Global Destination for Foreign Direct Investments (FDI’s)
For companies who are contemplating a new business set-up in Dubai, the following should be helpful in the decision-making process. Despite the business and economic repercussions of the first half of 2020, Dubai has managed to hold its position as a leader in FDI’s or Foreign Direct Investments in the MENA (Middle East and North Africa) region.
New Law protects Family-owned Businesses in the UAE
His Highness Sheikh Mohammed Bin Rashid Al Maktoum recently issued Law No. (9) which regulates Dubai-based family-owned businesses. This will benefit many existing businesses and also benefit those who want to launch a new business setup in Dubai.
Business Deals Will Soon be taking place between Israel and the UAE
With the recent signing of the historic peace agreement, Israel and the UAE have taken steps in normalizing the ties between the 2 countries and formalizing a combined effort to research the COVID-19 pandemic. This could open ties between such industries as air travel, investment, security, telecommunications, and tourism.
Indian PM Modi Announces Long-awaited Digital Projects
India celebrated their independence from the British Empire for the 74th time this past August 15th. It was also the day Prime Minister Modi announced the launching of three Digital India projects that could result in new company formation in India