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Dubai has introduced a new regulation for companies operating in free zones, allowing them to expand their activities within the wider emirate. Under this new rule, any company licensed by a free zone authority can now operate outside its designated zone, provided it secures the necessary permits from the Dubai Department of Economy and Tourism (DET). This move is part of a broader effort to facilitate business growth and integration across Dubai. Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and Chairman of the Executive Council, announced a new regulation aimed at simplifying the expansion process for free zone companies beyond their designated zones. The regulation, however, does not apply to financial institutions licensed within the Dubai International Financial Centre (DIFC). Key Highlights of the Resolution: Supporting Dubai’s D33 Economic Vision The initiative supports Dubai’s D33 vision, which aims to double the city’s economy to Dh32 Trillion ($8.71 trillion) by 2033 and position it among the world’s top three global cities. The plan also focuses on supporting 30 private companies to achieve unicorn status, fostering the growth of start-ups valued at over $1 billion. Dubai’s ambition is to become a leader in the global digital economy, a hub for sustainability, and a center for economic diversification. Economic Growth and FDI Inflows Dubai’s economy showed resilience, growing by 3.1% in the first nine months of 2023, with sectors like wholesale and retail trade, transport, storage, and financial services contributing significantly to the growth. Dubai has also solidified its position as the world’s top destination for greenfield foreign direct investment (FDI) projects, with a record-breaking 1,117 greenfield FDI projects worth AED 52.3 billion in 2023. This was a 33.2% increase from the previous year, marking the highest FDI inflows in Dubai’s history. Implications for Business This new regulation is expected to make business operations smoother and more flexible, helping free zone companies expand into mainland Dubai with ease. By simplifying the licensing process and offering greater operational freedom, the regulation is set to create new opportunities for businesses to tap into Dubai’s thriving marketplace. The Road Ahead As part of its ongoing commitment to supporting economic growth, the Dubai government is set to release further guidelines and a list of approved economic activities for free zone businesses. This list, due within six months, will help businesses navigate the regulatory landscape and ensure they are operating within the legal framework. This regulation represents a vital step towards bolstering Dubai’s position as a global business hub, providing companies with the flexibility to grow and expand across the city. The changes will not only foster a more dynamic and integrated business environment but also contribute to Dubai’s long-term economic goals under the D33 vision. In conclusion, with clearer guidelines and increased opportunities for expansion, the new regulation enhances Dubai’s business environment, making it even easier for free zone companies to venture into the mainland market and contribute to the city’s global competitiveness.  

The WT World Tobacco Middle East 2024 is set to be a premier event for the global tobacco industry, taking place from November 12th to 13th, 2024 in Dubai, UAE. This highly anticipated exhibition will bring together a diverse array of industry leaders, decision-makers, and professionals, offering a unique platform for face-to-face interactions, networking, and business development. As one of the largest gatherings of its kind in the region, the event is expected to attract over 5,500 exhibitors from across the globe, showcasing the latest innovations, trends, and technologies in the tobacco sector. Participants will have the opportunity to forge new partnerships, strengthen existing relationships, and engage in meaningful discussions about the future of the industry. With its strategic location in Dubai, a key business hub in the Middle East, the WT World Tobacco Middle East 2024 promises to be an essential event for anyone involved in the tobacco industry. Whether you are a manufacturer, distributor, retailer, or service provider, this exhibition offers valuable opportunities to connect with a global audience, explore new market opportunities, and stay at the forefront of industry developments. Why Participate in WT Middle East 2024? For industry professionals, WT Middle East 2024 offers an unparalleled opportunity to connect with key stakeholders, discover the latest products and technologies, and discuss the future of the tobacco and vaping industries in the Middle East. With the event’s diverse range of participants—from manufacturers and retailers to regulators and experts—it’s an essential platform for anyone looking to stay ahead in this dynamic and evolving market. Whether you’re a small business looking for new connections or a large enterprise seeking strategic partnerships, WT Middle East 2024 is the place to be. By attending or participating, professionals can gain valuable insights, expand their networks, and explore business opportunities that can drive growth in the ever-evolving tobacco and vaping markets.

Corpin Consultants is proud to announce its active participation in the Future Blockchain Summit 2024, which is taking place from October 13-16 at Dubai Harbour. This ongoing event serves as a significant hub for innovators in blockchain, Web3, and digital transformation. CEO Ebi Kadavan is representing the company at the event by demonstrating its dedication to encouraging the blockchain industry through company formation services. Corpin Consultants aims to connect with leaders and entrepreneurs looking to set a company formation in blockchain space by offering them specialized support. Insights into Future Blockchain Summit 2024 The Future Blockchain Summit is one of the renowned global platforms dedicated to advancing blockchain technology, Web3, and the digital economy. It plays an important role in bringing together thought leaders, tech pioneers, investors, entrepreneurs, and government officials from across the world. The event provides a platform where innovators from across the world come to discuss the future of blockchain, showcase advancements, and demonstrate how the technology can transform industries such as finance, healthcare, logistics, and more. The 2024 edition of the summit has a confluence of 100 global blockchain and Web3 companies, presenting their innovations through exhibition stands, interactive demos, and thought-provoking panels. It is set to address various topic such as decentralized finance (DeFi), digital assets, NFT markets, smart contracts, and more. Corpin Consultants at the Summit: Supporting Entrepreneurial Success With years of experience in business advisory and company formation, Corpin Consultants has become a trusted partner for entrepreneurs looking to establish and grow their businesses in Dubai. The firm provides comprehensive support across various aspects of company formation, including regulatory compliance, documention support, assistance with bank account and visa formalities, legal frameworks, intellectual proeprty proetction, and market entry strategies. For blockchain startups and technology-driven businesses, meeting the legal and regulatory complexities is crucial. Corpin Consultants ensures that entrepreneurs can focus on innovation while leaving the operational intricacies to the experts. Entrepreneurs attending the event can benefit from Corpin’s deep insights into how Dubai’s regulatory environment supports blockchain and fintech innovation and how it is makes it ideal for new business ventures. With CEO Ebi Kadavan leading the way, the firm is set to offer unparalleled expertise and services to businesses and entrepreneurs looking to capitalize on the transformative power of blockchain. For more information on how Corpin Consultants can help with setting up a blockchain company in the UAE, call Ebi Kadavan at +971 55 843 2911, or you can email us at info@corpinconsultants.com to schedule a meeting. today!

Gitex Global 2022: World’s Largest Tech Event gets off in Dubai GITEX 3.0, the 42nd edition of the world’s largest tech event is taking place from October 10-14,2022 at the Dubai World Trade Centre. Sprawling over an exhibition space of two million sq. ft, the event of Gitex Global 2022 will host 5,000 companies. The visitors get an opportunity to witness some of the most transformative technologies that are making a big difference worldwide. GITEX covers sectors including smart cities, cybersecurity, the data economy, mobility, healthcare and telecoms. It will welcome 52 per cent new exhibitors this year. The Gitex 3.0 edition features seven tech themes: North Star Dubai start-ups, Ai Everything, Future Blockchain Summit in association with VARA, Fintech Surge, Marketing Mania and two new launches Global DevSlam and X-Verse. Trixie LohMirmand, executive vice president of Events Management at Dubai World Trade Centre, Gitex Global’s organiser says “Gitex serves a profound purpose of enabling and accelerating the digital economies of UAE and many of its alliance partners through connecting earnest stakeholders with outstanding minds from the world, and materialising these connections into actionable partnerships.” The organiser expects more than 100,000 visitors from over 170 countries will attend the five-day exhibition, which will showcase a number of unique experiences for visitors. A major highlight of this year’s GITEX is X-Verse, curating a highly immersive metaverse experience, featuring 28 experiential brands and world premiers showcasing a revolutionary experience. A visitor pass provides access to all 8 shows such as GITEX GLOBAL, AI EVERYTHING, GLOBAL DEV SLAM, X-VERSE, NORTHSTAR DUBAI, FINTECH SURGE, FUTURE BLOCKCHAIN SUMMIT, MARKETING MANIA.