Where’s the best place to set up a business? Onshore? Free Zone? or Abroad? For entrepreneurs, There are several choices to select from when establishing your business so learning which one to pick right from the start is an essential matter to begin your business in the right footing! Tamakkan presents representatives of the department of licencing and the free zones as well as business set up consultants to provide insights.
THE MOST CRITICAL STARTING POINT FOR YOUR BUSINESS:
Location! Location! Location!
PRESENTATIONS
Mainland, Free zone, or Abroad:
Where should I set up my business? – FOUAD KRAISHAN
Fouad Kraishan is the Managing Director of FKAC an Audit and Consulting firm in Abu Dhabi, a CPA with over 20 years of experience, a business & tax consultant, he advises on business set up & structure, strategic partnerships, business development, tax planning and corporate governance for family owned businesses. He is also former CFO for a United Nations Program in Jordan, and former CFO for an Accrediting Organization in Washington, DC.
The Advantages and Disadvantages of Setting up in a Free zone:
What You Need to be Aware of – ROHIT GHAI
Rohit Ghai is the Director & CEO of KPI Abu Dhabi, located in the Abu Dhabi Global Market, and Director of the Business Consulting Division at KPI Dubai. Rohit has over fifteen years of experience in business consultancy, fund structures and company formations in multiple jurisdictions worldwide, including onshore in the United Arab Emirates, free zones and reputed offshore centres like the Cayman Islands and Mauritius.
Tax Implications for Businesses Established Outside the UAE – G.F. JOEY MUSMAR
G.F. Joey Musmar is the Managing Partner at Miller Musmar a CPA firm in Reston VA, he is an expert in International taxes for businesses and individuals, with interest in business structure and tax planning. He is a CPA, a Certified Valuation Analyst (CVA), and an Accredited Business Valuator (ABV). He also holds the Personal Financial Specialist (PFS) designation and is Series 7 securities licensed.
The twofour54 Option – AHMAD AL MHEIRI
Ahmad Al Mheiri is the executive director of business development and property management at twofour54, he supported the development of a number of local free zones prior to joining twofour54. He kicked off his career as the telecommunication engineer at Dubai Airports where he managed the Air Traffic Control Communication system. In 2006, Ahmad managed 50 % of JAFZA client base while acting as the head of the Middle East region.
Why Ras Al Khaima Free Zone? – AHMAD MATAR
Ahmad Matar is the Sales Consultant Team Leader in the Business Development Department of the RAK Free Zone branch in Abu Dhabi, responsible mainly for Sales & Marketing Activities.
Ahmad provides guidance, support and consultation for Investors to choose the most suitable and cost effective way to start their business in RAK Free Trade Zone and to choose between a wide range of different options designed particularly for SMEs to explore the market in UAE.
Exploring Masdar – AHMED BAGHOUM
Ahmed Baghoum is the Director of City Zone at Masdar City, responsible for directing, leading, planning and evaluating the operations of Masdar City. He leads the special economic zone functions within Masdar City including registration, licensing & permitting. Before joining Masdar City, Mr. Baghoum was Executive Director – Customer Operations for the Dubai Technology & Media Free Zone Authority, which includes Dubai Internet City, Dubai Media City and Dubai Knowledge Village. Mr. Baghoum holds an MBA from Texas Tech University.
About Twofour54
twofour54, home to Abu Dhabi’s media and entertainment industry, aims to cultivate Abu Dhabi’s media free zone and provide products and services to attract local, regional and international media businesses to the Emirate. Tasked with enabling a new generation of creative leaders and building Abu Dhabi as the Middle East’s leading hub for content creation, twofour54 provides world-class production facilities, talent development initiatives and training, and business support services for media companies.
twofour54 is a government initiative and is owned by Media Zone Authority – Abu Dhabi. For more information, visit: www.twofour54.com
About RAK Free Zone
Ras Al Khaimah Free Trade Zone (RAK FTZ) provides award-winning services and world-class facilities, enabling clients to quickly and efficiently set up and grow profitable companies in the United Arab Emirates. Home to more than 8,000 active companies from over 100 countries and over 50 industry sectors, RAK FTZ offers completely tax-free status to its clients, allows for 100 per cent foreign ownership and unrestricted repatriation of profits, in addition to a host of other business-friendly incentives.
To learn more about RAK FTZ, please visit www.rakftz.com
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