Blog

Ever wondered how it would be to start your own business in the UAE? The UAE has become a dream destination for starting up businesses for expatriates. We have broken down the process of starting a business in the UAE into five (5) simple steps. Step 1: Plan your business model A business model is...

On 24 August 2020, the UAE issued Cabinet Decision No. (58) of 2020 regulating the beneficial owner procedures (“Cabinet Decision”). As per the Cabinet Decision, companies must declare the details of their Ultimate Beneficial Owners (“UBOs”) before their respective licensing authorities. The licensing authorities are the free zones / offshores where the company is registered....

Free zone in UAE are like stocks as they have the potential of increasing your investments by leaps and bounds. This is because the growth of a company is directly proportional to the growth of the free zone. Therefore, it is important for each company owner (especially new business owners) to set up a company...

Here at InZone, one evening we discussed about the relationship between a free zone and a company. Some said that that this relationship is a two-way street. Some used the word ‘co-existing’. Some were of the view that the relationship is like a two-edged sword i.e. both the success and failure of the free zone...

On 24 August 2020, Cabinet Decision No. (58) of 2020 Regulating the Beneficial Owner Procedures (Decision) was issued by the UAE government. The Decision is applicable to all companies in the UAE including the Commercial Free Zones. It is not applicable to Financial Free Zones and to companies that are wholly owned by the local...