MORISON MENON New office Inauguration in Ras Al Khaimah

Morison Menon is one of the best Accounting and Auditing firms in Dubai. Morison Menon New office inaugurated in Ras Al Khaimah, our New Address at Ras Al Khaimah is:
Office No: 403,4th Floor,Emirate Islamic Bank Building,Al Nakheel,Ras Al Khaimah, P.O Box : 28981
Telephone: +971 7 226 1007
Fax : +971 7 226 1009

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Emirates and its varying business conspiracies

Economy of UAE has been in the amendment stage from 2009, as a result of global economic downturn. One of the key sectors affected was the real estate, even though the overall business was in a better position. Keeping real estate within norms, legislation was made active. This was done before the amendments. Real Estate Regulatory Authority has been set up to prior to the amendments, but the tapering itself was not executed recently.

It is to be noted that there is an indirect advantage occurred to the economy from the recession. Living in Dubai for the middle class and lower middle class is really a burden at the time of boom, as the cost of living was so expensive. During the boom, business men shifted their key activities to real estate. Their core businesses were in suffers, as the margins were lowered. Nobody can deny the infrastructure and amenities in Dubai that positively favors the business.

Government has established SME in Dubai in promoting SMEs to hatch up their business, as 98% of businesses are SMEs. UAE is known as a trading hub, but soon it will become the business hub in addition to the same. Human resource efficiency is really high in UAE, so, developing into an industrial hub will not be a dream come true to UAE economy. Dubai SME supports people of UAE as well as the expatriates in developing a business.

All the foremost banks in Dubai have dedicated divisions for SMEs in Dubai. But it really important to make sure that all the documentations should be with the shareholders when they need to set up business here. UAE levies only 5% of import tax and that too is excused in many areas, which means, you can focus only on your business and its improvement. It is really an easy task to start a business in UAE. Business men who wish to develop their business globally can locate a hub either in Dubai or elsewhere in UAE.

Dubai Renovated – a Prospective Logistic Hub

Roads, railroads and canals lead to the trading opportunities and it defines the location of major cities. In the early 16^th and 17^th century, cities were built around waterways and seaports. This 21^st century has noticed a new trend in determining the location of economic hubs and creating ‘Aerotropolises’. Emirate is now following a strategy to diversify energy commodity exports into a broader base. Dubai flourishes its service sector to be a major trading hub.

The Emirate is committed in the further development of transportation and logistics environment. Dubai will have the first and only integrated sea-land-air corridor. This will help in containers offloaded from a ship to be transported and airborne in two or three hours. Dubai has launched its operations at Al Maktoum International Airport in June 2010, which will be the world’s largest airport in terms of passenger and cargo volumes. Government of Dubai has set up the Dubai Multi commodities Centre Authority (DMCC), who are the master developers of the Jumeriah Lake Tower free zone (JLT). 

Jumeriah Lake Tower Free Zone (JLT) is the fastest emerging Free Zone among UAE Free Zones. The key goal of DMCC is to offer the required physical, market and fiscal infrastructure to enhance commodity flow through Dubai. DMCC has registered over 725 companies in 2010 and 750 companies in the year 2011, from the month of January to August. And has continues to make JLT, as one of the fastest rising Free Zones among UAE.

DMCC has unveiled the prototype of the first gold bullion coin in the UAE. A national legal tender gold coin will position as a globally recognized sign of pride and credit of UAE’s achievement. Dubai has itself positioned as the regional trade hub that connects East and West. DMCC has devoted to continue to help Dubai in its growth and prosperity by developing Dubai trade. Today JLT has around 15,000 residents and 10,000 people working over 200 hectares of development. DMCC look forward in helping novel and existing JLT members in reaping the benefits of both Dubai and JLT.

Ras Al Khaimah; opening doors to global investment

Ras al Khaimah is one of the traditionally significant cities in the Arabian Gulf. It is placed at the byroad of commerce and trade between east and west. The name Ras Al Khaimah literally translated to ‘The Top of the Tent’ in Arabic. The name ‘Top of the Tent’ signifies to the key contributions made by RAK to the social and fiscal progress of the region. A key investment blast has been observed by Ras Al Khaimah under the leadership of H.H. Sheikh Saud Bin Saqr Al Qasimi, who is the Ruler of RAK and also the Member of the Supreme Council.

Various governmental and legal reforms have made RAK in bringing up an investment crash during the past seven years. H.H. Sheikh Saud Bin Saqr Al Qasimi is the one who brought off World Bank to Ras Al Khaimah to carry out studies on how to make it an investor friendly and a well-organized business destination. During the year 2005, Ras Al Khaimah Investment Authority (RAKIA) has been established, under the strong control of H.H. Sheikh Saud Bin Saqr Al Qasimi. RAKIA manages programs that attract both local and foreign investors.

RAKIA’s services comprise of industrial, commercial and trading license processing, employment, residence and visit visa processing and diverse forms of permits. Ras al Khaimah Investment Authority has also its eye on developing customized products which caters to the businesses operating in RAK. Its customized products comprises of warehouses or light industrial units, land for industrial activities, commercial centers, Business towers or office space and various kinds of residential lodging. RAKIA has launched wide array of monetary enticements for investors and businesses, encompassing easy license issue, Free zone and Non Free zone company creations, liberal labor laws, low operational cost, etc., in order to capitalize on RAK’s investment potential.

Ras Al Khaimah Investment Authority (RAKIA) has come out as one of the pillars of RAK’s fiscal enhancement. RAKIA produces multi-billion dollars as yearly income and also presents Ras Al Khaimah with the strategic guidelines for socio-economic expansion. Ras Al Khaimah has become resilient with its repute as a land of opening for global investors, with RAKIA on the wheels. Ras Al Khaimah offers inclusive business and lifestyle facilities with the eventual support of a progressive and multicultural civilization.