Casablanca

The Stock Exchange in London, in partnership with the Casablanca Stock Exchange, hosted the 2nd Morocco Capital Markets Day highlighting the Its Investment Opportunities to support Morocco and the possibility of strengthening its relationship with England.The occasion was organized to reinforce the Moroccan financial market in the global platform and to exhibit the economic and financial background of the Kingdom of Moroccan not to mention the capability of its capital market. During the event, the British Minister for the Middle East and North Africa underlined the remarkable business prospects accessible for the two nations. The Minister also promoted the high points of the Moroccan economy, its unique geostrategic location, the stout existence of the Moroccan private sector in Africa as well as the political and commercial steadiness of the Kingdom. The Kingdom of Morocco is currently considered as the entryway to the African economic market.

According to the State Secretary for Moroccan, the event is significant to the Kingdom as it serves as the program for a serious interaction of the frontrunners in business and investment from Morocco and England. Furthermore, the Moroccan tourism was also highlighted for making a mark as a fascinating destination for investors outside the country and travelers due to its competitive resources. Supporting the tourism sector in the economic grid of Morocco has become one of its major socio-economic development strategies. According to Mohamed Dekkak, Chairman and Founder of Adgeco Group, the effort of the Casablanca Stock Exchange to partner with its counterpart in London suggest its commitment to push forward its objectives in improving the economic status of the Kingdom of Morocco. Through the event, business partnership opportunities will be given their required additional promotion. Foreign investments and the tourism sector are expected to be increased and improved.

The tourism industry draws substantial investment, produces significant returns, and is a vital source of foreign exchange. It is also the second largest backer to national GDP and the second main producer of employment. The Managing Director of the Casablanca Stock Exchange explained that the event presents the British investors with partnership proposals in strategic areas such as in tourism, the motor sector, aeronautics, and food production, without overlooking a chance to capitalize in the Casablanca Stock Exchange. The Chief Economist of Attijariwafa Bank also shared the performance history and current economic condition of Morocco. Moreover, the recapture of public funds, the favorable development visions and the investment opportunities to be found in Morocco were also discussed.

At present, there are over two hundred Moroccan firms who are trading with those from Great Britain and approximately one hundred UK-based companies have a presence in Morocco such as British Airways, Unilever, Shell, GlaxoSmithKline, and others. The ambassador for the multilateral negotiation of COP22 also expressed his disposition to attend the meeting at the London Stock Exchange, which signifies that the Kingdom of Morocco has already saved a spot in the international market. While the Moroccan ambassador to the United Kingdom, applauded the development of Moroccan-British collaboration, encouraging the businesses in the UK to capitalize on the investment opportunities found in the flourishing economy of the Kingdom of Morocco.

company setup in dubai

Free zone

Free zone are those zone where a company doesn’t need to have a local investor. But there are certain restrictions for the free zones. The companies should acquire a limited amount of area. The owner of the company should have all the licensed clear from the mother country and they he can apply for the free zone country. There are many companies opened in the free zone, but all those companies have their industrial license as well. Those companies which are in the free zone would require at least 25 million AED investment if they are an industrial based company in the Dubai. That is why local investors are more preferred.

Local investor for Company Setup in Abu Dhabi

The local investor is needed for the company no matter where in Abu Dhabi. A local investor is a requirement that needs to be full filled as this a country law. Only free zone doesn’t require local investors. .The person should be local, and he should have almost the fifty percent stake in the company. Then only then the company is set up in Abu Dhabi. This is due to the country law. There is no way around this. The local person can be easily found on the market that would invest in the company.

Dubai resident software engineers

IF the company is setting up in Abu Dhabi, then the company needs to hire the software engineers who are Abu Dhabi-based. There are different kinds of ways to hire a company and advertise the jobs. Different people can find about the need for software engineers in Abu Dhabi when they will see the advertisement. The pay always matters when hiring new software engineers. The software engineers need to be well versed in their work, and then the company should pay a good amount of money to these software engineers. The company developers pay can later increase in the future.

Company facility

The company should have a land where they can establish their facility. The facilities are necessary for Abu Dhabi since it provides companies to have a front end to deal with clients. Facility of a company is also called the face of the company. The face means where they can interact with different amount of clients out there. Companies do need to work hard and increase their client base since Abu Dhabi has a lot of tourist visiting. Creating good franchise in Abu Dhabi can be good for the business for the software company. A good franchise also attracts a lot of different international clients. Since Abu Dhabi is the hub of the international zone.

License

The license is required in the country when a company is started. The company gender doesn’t matter. The license is required to identify who is the owner of the company. Who has more investment? The license in some countries also has good command. Having the license in those countries means that companies can expand and there are authentic. But in some countries without license companies are not allowed to setup. They first need the license to set up, and then their authenticity will be tested later. Sometimes multiple licenses are required based on the sense of the work company is doing.