News and information on Doing Business in Dubai
Four new licensing categories have been introduced by Dubai International Financial Centre (DIFC) to further improve the ease of doing business in Dubai. The new categories include those under “short-term” and “restricted” types. Retail businesses and other non-financial sector entities will be able to operate their businesses from within the DIFC cluster with flexible rates […]
Ranked among the top 10 onshore financial centres worldwide, the DIFC is arguably THE place to be for financial service companies looking at targeting not just the UAE, but the whole MENA region. Setting up a representative office in DIFC is one of the ways of testing the waters, before deciding on taking on a […]
A new DIFC employment law was enacted on May 30, to ensure that employers are giving at least 50 percent basic salary. This is a policy that has been based on workers’ experiences. Employers can no longer issue employment contracts with a basic salary of 50 percent and the rest as ‘allowances’ which has been […]