Investors should consider specific factors when choosing whether to establish a legal presence onshore or in a UAE free zone.
Key Points:
..Fintech companies typically must establish a legal presence — either onshore or in a free zone — in order to conduct business in the UAE.
..Existing foreign incorporated companies also have the option of either entering into a commercial agency relationship with a UAE national or an entity that is wholly owned by UAE nationals.
..Most free zones in the UAE are industry-specific and only license certain activities. Investors should consider which free zone is most appropriate based on the nature of the proposed business.
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