Understanding Dubai’s New Virtual Asset Law released by VARA: A Comprehensive Guide
July 19, 2023
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by Tetra Consultants
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Dubai, the financial center of the United Arab Emirates, is emerging as a popular destination for virtual asset businesses. Its rapid transformation over the past decade can be attributed to its advantageous location, business-friendly atmosphere, modern infrastructure, and commitment to technological innovation. Dubai's location at the intersection of Asia, Europe,...
Dubai New Virtual Asset Law: Opportunities and Challenges for Businesses by VARA
June 12, 2023
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by Tetra Consultants
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Dubai's Virtual Asset Regulatory Authority (VARA) recently unveiled the Virtual Assets and Related Activities Regulations 2023, which aims to establish a comprehensive framework for virtual assets (VAs). This framework is based on principles of economic sustainability and cross-border financial security. The United Arab Emirates (UAE) is fully committed to facilitating...
How To Get a Dubai Cryptocurrency License in Dubai
May 10, 2023
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by Tetra Consultants
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The Dubai cryptocurrency license is a legal framework established by the Dubai Multi Commodities Centre (DMCC) and the Dubai Financial Services Authority (DFSA) to regulate cryptocurrency businesses in Dubai. The license was introduced in 2020, following the growing interest in cryptocurrencies and blockchain technology in the region. The cryptocurrency license...
Fujairah Free Zone Company Registration: Step By Step Guide
August 20, 2021
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by Tetra Consultants
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Administered by the Fujairah Free Zone Authority (FFZA), the Fujairah Free Zone (FFZ) is a special economic zone which is located in the Fujairah region. Companies that are set up in this Free Zone enjoy numerous benefits including zero corporate taxes, 100% repatriation of capital and profits, exemption from import...
Open Offshore Company In Dubai 2024
August 13, 2021
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by Tetra Consultants
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If you are looking for greater confidentiality and more tax benefits, Dubai is the ideal place for you. Not only does Dubai offer zero corporate taxes, but it also has double taxation treaties with numerous countries to protect companies from the risk of double taxation. Although Dubai is growing in...
Cost Of Setting Up A Branch Office In Dubai
July 23, 2021
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by Tetra Consultants
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Dubai has one of the fastest-growing economies. For this reason, it may be beneficial for your business to have a branch office in Dubai. A branch office is one where the parent company sets up another business in a different country, in this case Dubai, such that the branch is...
How To Setup Freezone Company In Dubai
July 16, 2021
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by Tetra Consultants
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If you intend to set up your business in Dubai, there are multiple factors you need to keep in mind. Firstly, you need to decide whether you wish to set up your business in the mainland or one of the Free Zones in Dubai. Secondly, you need to understand the...
Top Benefits Of Forming Offshore Company In Dubai
July 2, 2021
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by Tetra Consultants
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If you are looking to expand into the Middle East region, offshore company registration in Dubai offers a plethora of advantages for entrepreneurs. The UAE was ranked 9th in the IMD World Competitiveness Yearbook 2020 for its tax system and efficiency. With a growing economy, strong infrastructure and low tax...
Advantages Of Opening Offshore Bank Account In Dubai
June 21, 2021
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by Tetra Consultants
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After you register company in Dubai, the next step will be to proceed with setting up an offshore bank account in Dubai. An offshore bank account is one that is set up in a different country than the residence of the account owner. This type of account ensures high levels...
How Much Does It Cost To Register A Company In Dubai?
June 11, 2021
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by Tetra Consultants
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Despite the numerous tax and cost benefits of setting up a company in Dubai, the starting fee can be relatively high depending on the type of company. Specifically, Dubai company registration cost differs for offshore and onshore firms. If you are not planning to conduct business in Dubai, an offshore...