Articles on the topic "Open a Bank Account"

Purchasing real estate abroad as one of the investment options is a fairly popular way of investing all over the world. Let’s take a look at the benefits of buying property in Dubai – land near the Persian Gulf.
One method to secure a residence permit in the United Arab Emirates (UAE) and attain tax residency is by either establishing a new business or acquiring an existing company. The decision between these options is…
The Finance World Accounting & Tax Awards 2024, presented by iFund Factoring & Forfaiting Services and powered by Wasaya Investments, recently honored pioneers in accounting, tax, audit & finance. Hosted by Finance World Magazine, the…
Investment in real estate in Dubai has been a popular trend in recent years. According to Forbes, in 2022 alone, the number of transactions for the sale of residential, and commercial real estate and land in Dubai increased by 77%. It is currently the year 2024, and the prices are still increasing.
After the appearance of Bitcoin, it became clear that it does not provide true anonymity and sooner or later modifications of the cryptocurrency would be created. The emergence of a new sector of the crypto market was bound to cause concern among regulators.
When you open a business in the United Arab Emirates, it is important to understand that choosing a free trade zone (FTZ) is not just a formality. This is a strategic decision because a mistake here can result not only in loss of time, nerves, and extra money but sometimes in the destruction of the entire business. Before you sign the documents and invest in a license, let’s discuss how to prevent your dream from turning into a nightmare due to the wrong choice of FTZ.
The choice between Dubai and Oman has confronted many investors lately, so let’s figure it out.
When venturing into the business landscape of Dubai and other Emirates in the UAE, it’s crucial to adopt a cautious approach, particularly when considering the acquisition of an existing enterprise. This guide aims to illuminate the process of purchasing a business in this region, highlighting essential steps to mitigate potential financial losses and maximize profitability.
Dubai is a city that attracts people from all over the world with its modernity, diversity, and high standard of living. Many people want to buy property in Dubai, and in this article, we will tell you how to do it.
How can you finance a property purchase in Dubai besides a one-time payment – plans from the developer, mortgage lending, and the Rent-to-own scheme?
The UAE is one of the most popular regions where foreign entrepreneurs transport business. Companies here feel comfortable.
Legislative aspects, the stability of the economy and the region’s security, location, ways of doing business, and cultural norms – when buying property in the UAE, it is essential to notice many non-obvious factors.
The state creates comfortable conditions for entrepreneurs: low taxes, support for the business community, and the legalization of cryptocurrency. The UAE easily accepts emigrants: according to UN data for 2023, about 88% of the population…
The Emirate is taking major strategic steps to diversify its economy, aiming to increase the flow of people, companies, and investments.
Ukrainian volunteer musicians raise funds for victims in Ukraine. On February 24, 2022, the active phase of russia’s military aggression against the independent sovereign state of Ukraine has began. Since then, russian troops have continued to launch heavy missile and artillery strikes on…
UAE Traditional Crafts: Fine Pearls and Big Fish
There are many myths and legends about the emergence of pearls. According to one of the Emirati legends, the pearl is the daughter of the rain (Bint Al Matar’), which fell into the sink and turned into a pearl. The second legend states that the pearl is the daughter of the moon (Bint Al Qamar), which has fallen into the sink through the moonbeam. Whether from rain or from the moon a pearl is born, it is the most fascinating and not requiring processing of the jewellery of nature from ancient years to the present day.
Business in the UAE
80% of ex-pats have had a significant impact on culture and business practices. The specificity of each office is multinationality. All cultures of the world and dialects exist here. Living in Dubai, you do not…
Establishment of a Company in Dubai
If you want to start a company in Dubai, you have to consider a few essential points. In addition to Dubai, the United Arab Emirates (UAE) has six other emirates that have their own process…

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