100 per cent foreign ownership

UAE Cabinet moves to allow 100 per cent foreign ownership in 13 sectors could allow investors to look beyond free zones.

E-commerce and diversion massive winners, however, construction may spring a surprise

Dubai: permitting majority foreign possession in thirteen sectors — and covering 122 lines of business — may relieve the pressure on foreign businesses and investors to line up their operations among free zones. The ecommerce and high-value supplying services may be the immediate beneficiaries from such a transition, as would the diversion sector.

This will take away the requirement for foreign businesses to require a area license to possess full or majority possession in ventures like operational a web looking portal or an internet TV streaming service, as an example.

As several as thirteen sectors currently come back underneath the changes, however, brick-and-mortar retail isn’t a part of it, although e-commerce is. So, unless a full review of the Agency Law is formed, foreign investors/partners will solely have stakes of up to forty-nine per cent. (Even then, a number of the most important retail brands have stretched the probabilities of what is done, by winning exemptions to possess a hundred per cent closely-held retail facilities. as an example, Tesla operates while not a business organisation.)

Ecommerce and Entertainment Industry are the large winners

It is attention-grabbing that the UAE cupboard has enclosed diversion in a concert of the sectors. however, it highlights the very fact that potentialities within the diversion area can still be a chief focus of foreign investors.

Business Center in Dubai

What is the meaning of business centre?

Business Center in U.A.E. means a place that offers furnished and technically supported offices in a professional business environment. Services included are a reception, telephone answering and mail, internet access, meeting rooms, secretarial services, airlines booking, hotel reservation, it also provides document processing and clearing for the businessmen located in the centre.

Business Center

 How Long a Business is allowed to stay in a Business Center Environment?

The Office Occupancy in the centre should not exceed four years after that they should be able to lease/purchase a separate a commercial property for the business.

Business Center

What is the office space standards and guidelines in a Business Center?

It should neat, clean and offer the services as per the Dubai Economy Department Guidelines. The office space should be a minimum of 200 Sqft / 20 sq meters.

What is the of having an office space for rent in Dubai Sheikh Zayed road?

Price of renting an office space in Sheikh Zayed Road inside a Business Center can range from 5,000 AED to 12,000 AED per month. It all depends upon the location, facilities and services offered to you.