The PM is also expected to have meetings with significant UAE investor groups and business leaders. Establishment of branches of foreign companies or representative offices also requires a sponsor, or a local agent, to license foreign companies to be established in the UAE. Companies and branches of foreign companies are eligible to benefit from the UAE’s no-tax environment, and no-tax or extra fees or charges will be levied on local companies or branches of foreign companies. Then, while choosing the legal form, the investor needs a recommendation on the appropriate legal form based on the investor’s nationality and ownership structure. I think UAE's trend of welcoming foreign investors and investment should resonate globally.

Source: Dhaka Tribune November 18, 2019 17:03 UTC