UAE is well recognized as a gateway to emerging markets across the middle east, Africa and south Asia. With its central geographic location between Asian and European markets, UAE has worked hard to establish itself as an integral part of the global trade mechanism. Its central location has also allowed UAE to become a popular and accessible tourist destination.
UAE economy is not reliant on oil, but is more diversified, relying heavily on trade, services and finance sectors. UAE many free zones are another aspect of the city’s growing economy. Established as a way of attracting more foreign investment, free zones adhere to unique laws regarding ownership, taxation and labor. Which require at least 51% ownership by UAE citizen, free zone businesses can have 100% foreign ownership. Legally, companies based in free zones are considered “offshore” so they are unable to trade within the city without an agent or distributor. Free zones also tend to assist new businesses in the set-up process.
ALRIYADAH Tax & Management Consultancy is distinguished as one of the leading Accounting and Auditing firms in UAE. It is multilingual professionals employed to support over 150 clients with various professional services such as tax, auditing, accounting and advisory services, have deep knowledge of local laws and customs.