Economic activities in Dubai and throughout the UAE appear to be returning to near normal levels. As one of the UAE’s largest trading hubs, JAFZA (the Jebel Ali Free Zone) announced the introduction of numerous incentives to support consumers and promote new Dubai company formation and JAFZA company formation.
9/10 times setting a business in UAE mainland requires a tie up with a local sponsor or a local service. Local Sponsors in Dubai, UAE take care of continuity of the company in UAE. A fact about the Local Sponsor or LSAs is that you cannot expect any civil responsibilities from their end towards the business they are sponsoring.
The data sharing technology known as “Blockchain” has been used in the creation of cryptocurrencies such as Bitcoin. Up until recently, it has been used for electronic transactions such as money transfers, payment processors, retail loyalty rewards programs, and more.
In order to overcome the challenges of the COVID-19 pandemic, the Dubai Airport Free Zone Authority or DAFZA launched a series of economic incentives aimed at helping companies that have suffered losses during this event.
As part of the United Arab Emirates (UAE) collective effort to diversify the economies of the seven-member nation-states, Dubai’s government recently announced its plans to engage in a major company formation in Dubai project.