The UAE is renowned across the globe as a haven for commerce, and the country’s business laws make it simple, easy, and lucrative to run a company there. The benefits of easy visa requirements, few tax obligations, and a business-friendly atmosphere are provided to company owners here. Among these businesses, strategies are opening a franchise … Read more
It is a legal mandate for registered corporations in Dubai to obtain a cancellation certification from specified authorities in order to formally terminate a trade license. The circumstances for trade license cancellation vary and they include, bankruptcy or the decision of the shareholders to step back and shut down the business completely (liquidation). It is … Read more
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