Salaries Can Be Paid in Cryptocurrency, Dubai Court Rules Conclusion The Dubai Court has confirmed that if cryptocurrency is included as part of an employment contract in the UAE, it is legally binding and must be honored. This ruling marks a significant step in recognizing crypto payments as legal in the UAE. The decision was issued on August 18, 2024, in a landmark case by the Dubai Court of First Instance. Dubai Court Ruling: […]
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Understanding the Differences Between Offshore and Free Zone Companies in the UAE When setting up a business in the UAE, entrepreneurs have several options, with two popular choices being offshore and free zone companies. Both offer distinct advantages, but understanding their differences is crucial in making the right decision for your business needs. Here’s a detailed comparison between offshore and free zone companies in the UAE. 1. Scope of Operations Free Zone Companies:Free zone companies […]
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In 2019, the UAE government introduced the 10-year Golden Visa for selected residents who have made significant contributions to the country. This visa allows foreigners to live, work, and study in the UAE without needing a local sponsor. What is a Dubai Golden Visa? The Dubai Golden Visa is a long-term residency visa awarded to non-nationals, enabling them to reside, work, and study in the UAE independently. As of April 2022, new regulations have expanded […]
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Understanding KYC in the UAE: A Simple Guide for 2024 In today’s rapidly changing world, protecting businesses from financial crime is more important than ever. The United Arab Emirates (UAE), a key global hub for trade and finance, is committed to maintaining a secure and trustworthy environment for businesses. To achieve this, the UAE has established strict Know Your Customer (KYC) regulations. At CompanySetup-UAE, we understand that navigating these regulations can be challenging. That’s why […]
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Which is Better: Investor Visa or Employee Visa? The answer depends on your specific situation! Some of our clients have businesses in Free Zones while living abroad, while others reside within the UAE. To help you choose the right option based on your needs, here are the main differences: Traveling Requirements: If you plan to live outside the UAE, an investor or partner visa may be more suitable, as it only requires you to visit […]
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