GBO is a reputable and experienced company that can help clients navigate the process of setting up a business in Dubai, particularly in the International Free Zone Authority (IFZA) area.
We have a team of experts that can help with obtaining licenses, permits, and compliance requirements, and are dedicated to providing excellent service and support to ensure their clients’ success in Dubai.
All businesses conducting business in Dubai are required to abide by a set of rules and legislation. The Federal Law No. 2 of 2015 on Commercial Firms, which regulates the creation and management of companies in the United Arab Emirates, serves as the foundation for the legal system in Dubai.
The following are a few of the main laws and rules that relate to enterprises in Dubai:
- The Commercial Companies Legislation: This law regulates the establishment and operation of businesses in the United Arab Emirates, as well as the criteria for business registration, the kinds of business entities that are available, and the duties of company directors.
- The Commercial Transactions Legislation: This law regulates business dealings and contracts in the United Arab Emirates, as well as the rights and obligations of contract parties and the rules for resolving disputes.
The UAE’s employment laws, including those governing hiring and discharging employees as well as working conditions and vacation time, are governed by the labor legislation.
The UAE’s tax laws, which include the corporate income tax, value-added tax (VAT), and excise tax, are governed by the Tax Law. The Foreign Money Investment Law: This law regulates foreign investment in the UAE and lays out the procedures for remitting capital and profits as well as the limitations on foreign ownership of specific kinds of companies.
It’s important to keep in mind that laws and regulations might differ based on whether a region is a freezone like IFZA or not, and they can also alter. It’s crucial to seek professional advice or work with a legal team that is familiar with the laws and regulations in Dubai, to ensure that your business is in compliance with all the necessary laws and regulations.