UAE: Understanding Qualifying Free Zone Person Status
The IMC focuses on the criteria for attaining Qualifying Free Zone Person status in various jurisdictions in the context of global business and corporate tax regulations. Under the global corporate tax guidelines, Qualifying Free Zone Persons can benefit from a preferential 9% corporate tax rate on their Qualifying Income. However, they need to fulfil the […]
Mainland Company Formation in Dubai, UAE – IMC Group
Your Guide to Dubai Mainland Company Registration A mainland company is a company licensed by the Department of Economic Development (DED) in the relevant Emirate of the United Arab Emirates. This type of license allows non-UAE nationals to own 100 percent of the shares in a private business entity. Limited Liability Company (LLC) L.L.C. allows […]
Steps for Company Formation in India
A company in India is an artificial person, and its registration is a complex and lengthy process. There are numerous formalities and paperwork that should be complete before you approach the registrar of companies for incorporation.
Setting up Oil & Gas Company in Abu Dhabi
Abu Dhabi is the largest Emirate of United Arab Emirates (UAE) and have the largest natural resources of Oil and Gas in the UAE. The Abu Dhabi National Oil Company (ADNOC) organize the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) every year in the month of November.
Amendments in Indian Trademark Rules
Introduction The Ministry of Commerce and Industry in India have issued a new notification on 6th March 2017 through its department of Industry Policy and Promotion (DIPP) mandating the applicability of new trademark rules with immediate effect. The new rules aim to simplify the procedure by reducing the number of forms and promoting online filing. […]
UAE: The Favorite Destination for FDI
The United Arab Emirates (UAE) have been continuously recognized as world’s investment destination. As per the information published in World Investment Report 2017 released by the United Nation’s conference on Trade and Development (UNCTAD) UAE is ranked 12th in the list of countries ranked on basis of preferred jurisdiction for foreign direct investment (FDI) during […]
Major highlights of UAE Bankruptcy Law – Prevention, Restructuring and Liquidation
Introduction The United Arab Emirates is a global business hub and continuously striving to maintain its recognition and improving its ranking in ease of doing business. In the today’s global scenario, innovation is the key and many times this innovative economy results in failure of businesses. The borrowers going bankrupt is very common and therefore […]
New Developments in Nigerian Corporate Laws
Introduction The lawmakers and regulators in Nigeria are making efforts to attract more and more investors. Recent developments in the corporate laws and introduction of new forms by the Corporate Affairs Commission (CAC) is a proof of that. This article shall highlight some important developments and the introduction of new forms. New Developments Introduction of […]
Role of Free Zones in UAE Economy
United Arab Emirates is one of the most preferred jurisdiction among the businesses around the world. The GCC economy have witnessed some difficult days in past year due to steep fall in oil prices. But the UAE economy is still going strong because it has successfully managed to divest its source of revenues from non-oil […]
New Regulations in Jebel Ali Free Zone Authority
Introduction Jebel Ali Free Zone Authority (JAFZA) is one of the oldest free zone in the country and catering to the needs of thousands of the business and supporting UAE’s objectives of attracting foreign investments and ensuring sustainable developments. It continuously strives to offer the best services for its member without compromising on quality and […]