Singapore offers foreign workers various forms of work passes depending on their background. These work passes are issued and handled directly by Singapore’s Ministry of Manpower (MOM). There are four types of schemes for foreign individuals wishing to be employed in Singapore
The process of gaining employment for foreign nationals in the country of Oman has been increasingly regulated as part of the Omanisation initiative. Once a foreign worker is officially employed by an Oman-based company, the employment visa process starts.
The ownership of any Public Limited or private limited company in India is critically defined by the shareholdings of the company. Transfer of shares implies the voluntary handing of rights and duties of a shareholder, who does not wish to continue as a member of the company, to a person who wants to take the position.
2020 continues to be unpredictable with the UAE incorporating certain changes to the existing ESR (Economic Substance Regulations) policies, in a way to overhaul the existing principles associated with Economic Substance Regulations. As per the existing ESR guidelines, companies based out of the United Arab Emirates had to file reports, showcasing the legislative whereabouts, and tax-related activities.
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.