Good Morning
Regular followers of our monthly updates would be aware that the regulatory environment in the UAE is very dynamic. Rules, laws and requirements change by the month as the country looks to keep itself current.
To help keep you current, we have started a ’10 things you need to know about doing business in the UAE’ series which highlights some of the key issues and requirements for you to be aware of doing business with, or within, the UAE.
This month we start with the essential Trade Licence…so often the conversation starting point when a UK firm comes to us, having being asked by their client’s procurement department to show evidence of one in order to complete the contract.
We also cover the myriad visa options available here and, with a deadline looming in June for compliance, we shine a light on Emiratisation – the requirement for private sector firms with more than 50 people to have UAE nationals on their workforce.
And, spoiler alert, next month sees the introduction of Corporate Income Tax in the UAE, so you can guess what we’ll be covering then!
As ever, if you need help to better understand any of these issues, please get in touch.
Regards
Joe
I: Demystifying the UAE Trade Licence: What companies need to know
The UAE has gained global recognition as a thriving business hub, attracting companies from all corners of the world. Check out the essentials to obtaining a trade licence in the UAE.
II: Emiratisation drive – acting locally, thinking globally
The UAE government has been actively promoting Emiratisation initiatives to increase the participation of UAE national in the private sector workforce. Learn more on what this entails.
III: An overview of the UAE visa types
Visa requirements and policies in the UAE are subject to change, and the government may introduce new rules and regulations at any time. Find out more on the different visa types.
Strengthening Economies Ties: UAE & UK forge relationship
The UK remains one of the UAE’s key trading partners. Find out more on the key factors driving the UAE-UK trade & FDI relationship.