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Let us Bet on the Next Big Free Zone in UAE

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...

Discussing the Relationship of a Free Zone and 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...

A Summary of the UAE Regulations Relating to Beneficial Owner Procedures

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...

UAE Economic Substance Notifications – Deadlines for Filing and Re-Filing

During the month of August 2020, the UAE government issued Cabinet Decision 57 of 2020 and Ministerial Decision 100 of 2020 concerning the economic substance requirements (Regulations).

Use of ISIC Business Activities for RAK Offshore Companies

All RAK international business and offshore companies are now required to select from the set of activities from the ISIC business activities.