Ethical and religious aspects of doing business

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The detachment of the Emirates from "big politics" also has an effect - the law on tolerance adopted in the country provides legal and state protection for people, regardless of their origin. Read on the topic: in the UAE Myths and Facts about Doing Business in the United Arab Emirates Stages of opening a business in the UAE To start a business in canada telegram database the UAE, you need to open a bank account, obtain a license and visas, and rent an office.

Support after the business mission simplifies the entrepreneur's path to entering a foreign market. First of all, it is worth deciding where to register a legal entity: on the mainland or in one of the free economic zones (FEZ), where the country's authorities create special preferential conditions for doing business.

When registering a company on the mainland, you will need to pay income tax (9%) and VAT (5%). For companies registered in the SEZ, a zero rate applies if all the necessary conditions are met. The process of opening a business on the mainland and in the FEZ is divided into four stages: Preparation of constituent documents and registration of the company.

At this stage, it is important to choose a license. It will determine the type of activity that the company can conduct in the UAE. It is important to take into account that some FEZs are focused only on certain industries or types of business, which can limit the opportunities for entrepreneurs.

Opening a company bank account. Registration of the owner and employees of the company with the migration service, obtaining an E-visa - an official document that gives permission to travel to the UAE and is linked to the passport. Obtaining a resident visa and Emirates ID for the owner and employees of the company (one week).