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Starting a Business in Dubai as a Foreigner or Non-Resident: A Comprehensive Guide 2023

/ Company Setup

Introduction  Dubai, a global business hub, is renowned for its welcoming business environment, strategic location, and robust economy. It offers a plethora of opportunities for entrepreneurs worldwide, including foreigners and non-residents. This article explores the process of starting a business in Dubai as a foreigner, the benefits it offers, and the considerations to keep in …

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Establish a Family Office in Dubai, UAE, for Wealth and Succession Management

/ Company Setup

Introduction The concept of a family office in UAE has been around for centuries, with the Medici family in Renaissance Italy often credited as the pioneers. However, the modern family office, as we know it today, has seen substantial growth over the past several decades. This growth is particularly noticeable in the United Arab Emirates …

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TOP 10 UAE BANKS TO OPEN BUSINESS ACCOUNT IN DUBAI

/ Accounting Services|Company Setup

Introduction Adam Global Business Advisory recognizes the United Arab Emirates as the commercial cornerstone of the Middle East. The region has crafted a conducive and competitive business landscape that beckons investors and businesspeople from all corners of the world, reinforcing its position as a crucial financial fulcrum. The UAE’s banking sector operates under the watchful …

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AML in UAE, Dubai #2023 – Should Service Providers be Concerned?

/ AML

AML stands for Anti-Money Laundering. It refers to a set of laws, regulations, and procedures intended to prevent criminals from channelising of illegally obtained funds into the economy.  In the United Arab Emirates (UAE), AML regulations are enforced by the Central Bank of the UAE. These regulations are designed to prevent and combat money laundering …

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What Is The Process of Know Your Customer (KYC) in AML – 2023 Update #UAE

/ AML

In today’s interconnected world, where financial transactions can cross borders in the blink of an eye, knowing your customer is more than just a business best practice—it’s a regulatory necessity. Know Your Customer, or KYC, is a process that businesses use to verify the identity of their clients. This process is crucial in preventing identity …

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The UAE is all set to implement the first corporate tax groups

/ Accounting Services

The UAE is all set to implement the first corporate tax groups. The creation of “tax groups” will be the next significant set of updates for many business owners, even as the UAE tax authorities continue to publish updates on corporate tax. Here, various companies run by one or more dominant shareholders get together to …

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SETTING UP YOUR BUSINESS IN DUBAI INTERNATIONAL FINANCIAL CENTRE (DIFC) – #2023 Update

/ Company Setup

Introduction Are you a part of a financial entity, corporate setup, a professional service provider, or a retail business? Discover the myriad of prospects your business can tap into by setting up your business in Dubai International Financial (DIFC). Situated as a central onshore financial hub between the East and West, DIFC acts as a …

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2023 UAE Corporate Tax Explained – Latest Updates

/ Accounting Services

Introduction about Corporate Tax in UAE  The UAE, a global magnet for businesses, is ushering in a transformative era with its latest tax reforms. With the introduction of the Corporate Tax in UAE, what changes lie ahead for enterprises and investors? Dive into our comprehensive guide to navigate these new waters. UAE’s Tax Evolution: Embracing …

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Dubai’s Record-Breaking FDI Attraction

/ Latest News & Press Releases

Emirate’s cultural and creative sectors attracted Dh7.35 billion in foreign direct investment in 2022, Says the Source    Dubai, a city known for its vibrant culture and innovative spirit, has once again proven its global appeal by attracting a record 451 projects in the cultural and creative industries in 2022. This impressive increase of 107.7% from …

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Top 10 International Banks in Dubai – All You Need to Know in 2023

/ Accounting Services

Introduction Dubai, the city of gold, is not just a global hub for trade and tourism but also a prominent centre for banking and finance. The city’s robust economy, strategic location, and business-friendly environment have attracted numerous international banks, making it a hotspot for global banking operations. In this comprehensive guide, we will delve into …

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