So you have finally decided to take the plunge into the world of entrepreneurship. While being an entrepreneur has its own share of challenges, the rewards of making it big and being your own boss with the amazing feeling of overall satisfaction are hard to beat. So what are the 5 main things you need…
RAK ICC Offshore is an international business company registered in the Emirate of Ras Al Khaimah, UAE. Such companies can perform essentially any type of business outside of the UAE. The Emirate of Ras Al Khaimah, where this type of company can be registered, is located about 1 hour from Dubai and is a renowned…
Key Facts to know: Shareholders One or more shareholders are required, which can be legal or natural persons. There are no restrictions on nationality*. Share capital The share capital is denominated in United Arab Emirates Dirham (AED). There is no minimum share capital requirement. Company name All permitted** names must be followed by the suffix…
The Federal Reserve Officials almost finalized the hike in the Fed rate. It is interesting to analyze what could be the immediate impact of such a hike in the business. 1. Borrowing Cost for Banks: If Fed rate is hiked, the cost of funding for the banks i.e., the borrowing cost for banks for the…
Freelance work permits in the UAE: What you need to know With the recent market developments as well as the explosion of the online marketplace, there is a large part of the workforce seriously considering the “freelance” option for starting their businesses. For some, it may be the quest to fulfill their life’s calling, for…
