GCC Solutions is a leading corporate services provider in the Middle East providing market entry, local partnership and government liaison services in Dubai, Abu Dhabi, Saudi Arabia and Kuwait.
The United Arab Emirates is a federation of seven Emirates consisting of Dubai, Abu Dhabi, Ajman, Fujairah, Ras al Khaimah, Sharjah and Umm Al Quwain. The UAE was formed in 1971 and has since become a well-established hub for investment into the Middle East and Africa.
To establish a company in the UAE there are three primary options available – onshore, one of the many free zones in the UAE or offshore.
The Kingdom of Saudi Arabia represents the largest of the GCC markets both by geography and population and is the largest economy in the Middle East. Many attractive FDI initiatives have been enacted making the kingdom increasingly attractive to foreign investors.
There are many options for market entry that are available to investors that want to setup in the Kingdom as it may suit each investors needs accordingly.
Kuwait (officially the State of Kuwait) shares its borders with Iraq and Saudi Arabia. It has one of the largest stock exchanges in the Middle East by gross national volume and continues to diversify its domestic business activities away from fossil fuels. Legislation enacted by the local government to encourage foreign investment across a broad spectrum of sectors to provide for a diversified economy as part of a strategic long-term strategy being implemented by the government.
Part of Vision 2030, the newest of the Saudi initiatives is focused on ensuring an adequate level of employment security for expat workers thus making Saudi Arabia a more attractive environment for highly skilled professionals.
On the 19th of August, the UAE Cabinet issued a Ministerial Decision (No. 100 of 2020) concerning Economic Substance Requirements (the “Decision”). This Decision is issued pursuant to Article 20 of the ESR Regulations and repeals and supersedes Ministerial Decision No. 215 of 2019….
In an effort to boost investment in innovation and open up a new business avenue in the region, DIFC launches a new licensing option to support “innovation, creativity and entrepreneurship”.
The UAE is expanding its future working plans in the areas of Artificial Intelligence. Omar bin Sultan Al Olama, the UAE Minister of State for artificial intelligence, digital economy and remote work applications has presented a plan to the UAE leadership on the 17th of August…