Emirates NBD, Etihad Credit Insurance ink deal to ease trade finance access for UAE businesses
The deal will help the UAE lender to reduce any risks that may be associated with credit facilities
Updated 6 min 45 sec ago
Arab News
April 18, 2021 14:25
DUBAI: UAE export credit company, Etihad Credit Insurance (ECI), has signed an agreement with Emirates NBD to improve liquidity of UAE exporters by easing their access to credit facilities.
The deal will help the UAE lender to reduce any risks that may be associated with credit facilities, so businesses can pursue export and expansion opportunities, according to a joint statement.
Costs involved to start a Limited Liability Company (LLC) in Dubai
Up until late last year foreign investment in the company cannot exceed 49 per cent, meaning you will need a local partner who has a majority share in the company.
Under the new legislation, the UAE will allow 100 per cent ownership of businesses for foreign nationals from December 1, 2020. Previously, all businesses were required to have a UAE citizen sponsor.
How much does it cost to get an instant licence and a trade name?
You can start by getting an instant licence from the Department of Economic Development (DED).
The initial approval or instant licence from Department of Economic Development (DED) is a one-time cost of approximately Dh110. It allows you to start business operations right away, with 120 days to complete all your other documentation.
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DUBAI, March 14, 2021 Dubai Airport Freezone Authority (Dafza) said that Marius Ciavola shall assume the role of Chief Executive Officer of Tradeling, the B2B eMarketplace creating value for Middle East businesses. Dafza also announced the departure of start-up veteran Muhammad Chbib, who is leaving the company to pursue a new challenge. We thank Muhammad for his leadership and role in building the company from inception to date, said Dr Mohammed Al Zarooni, Director General of Dubai Airport Freezone Authority. Ciavola was Chief Operating Officer of Tradeling and played a pivotal part in setting up the company, which focuses on unlocking the value of the digital economy through its vibrant e-marketplace serving businesses across the Mena region and beyond.
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