If you are looking to gain international profits without paying any tax, then a company formation in UAE is a fantastic way to do so. The Department of Economic Development (DED), along with the institutional support from the Dubai Chamber of Commerce & Industry, are the two important bodies that handles every kind of registry and licensing procedures for businesses to run here. Before you take the plunge of forming a business in the Emirates, you must know certain facts that include:
- Types of licenses issued here
- Trade License
For practicing any kind of trading activity of buying and selling goods in UAE, a trade license is issued. This type of license engages wholesale or retail trade enterprises, contractors, restaurants, transport establishments and various other such types of business.
- Industrial License
In case you want to manufacture products using raw materials from the scratch or semi manufactured raw materials by making use …Read More