The process of completely canceling an economic trade license in DIFC is propelled by a plethora of reasons. The circumstances might include, the decision of the shareholders to step back and shut down the business completely (liquidation), launching a new company, or bankruptcy. The scheme for terminating a Dubai International Financial Center (DIFC) license is … Read more
The UAE Free Zone offered minimal rules for registering a business in Free Zones, setting up a business is relatively easy. The license of the UAE Free Zone is considered highly prevalent since there is no income and corporate tax in the Free Zones. UAE Free Zone is enormously supportive of businesses and investors in … Read more
There is a plethora of Free Zones in the UAE that are highly significant for the economy surges. Running a business operation in UAE Free Zones is an immense opportunity for businesses to thrive, however, Free Zones in the UAE is no exception to business liquidation. There are multi circumstances that can drive businesses to … Read more
No doubt, a business can anytime encounter the need to close down completely or sell out. Employers might want to do it to start a new business from scratch or for other reasons. The steps of the DIFC license termination are clearly outlined in the DIFC Insolvency Law no 1 of 2019. A DIFC business … Read more
Payroll acts as an integral part of any organization. Payroll outsourcing will free up time and employees, allowing the more important areas of your organization to benefit. Outsourcing payroll, helps a company to focus on processes and strategies that directly affect the future of their business. Far Consulting Middle East can provide complete payroll management … Read more
There are so many reasons why a business in the United Arab Emirates would want to implement a share capital reduction, and this includes the following: Giving back the capital to shareholders as it is no longer needed for the ongoing operations of the company; Capital cancellation for capital that’s no longer being supported by … Read more