siliconindia | | April 20214The Middle East generates various stereotypes and perceptions from both sides of the spectrum. On one hand, it is considered to be a region with political tension and instability. On the other, it is looked as a home to affluence and exuberance. While there can be truths unearthed for each of these scenarios, the main point to note is that the Middle East is complex and diverse. Thanks to various global events taking place, the region will become more and more visible and potentially more attractive to businesses currently located outside of the region.The economic models of many Middle Eastern countries have changed radically in recent years. Historically, these economies have built their wealth on the basis of oil, but as they have shifted their focus away from a model built on hydrocarbons, technology is emerging as a major priority in economic development. Across the Middle East, foreign ownership laws have traditionally been relatively stringent; however, governments in the region have started to change this, making their economies increasingly accessible to foreign investors. For example, the UAE has recently announced plans to lift its 49% ownership restriction for foreign owners in certain industries, allowing foreign investors to own 100% of companies. This is also matched by Saudi Arabia, where restrictions are being lifted in a number of industries, and the Vision 2030 agenda is proactively opening up the economy to foreign investment. There are trademark policies required for various e-commerce activities and cross-border sales. There are framework agreements for VAT depending on the market you're dealing with. This ensures tax compliance on taxable commodities and requires the application of a VAT number. Such regulations are scriptures for new business expansion and must be met. this edition is bringing together a list of such corporate business service providers, who will streamline your entire experience establishing your business in the land of opportunities. Do let us know what you think.Emmanuel Christi DasEditoreditor@siliconindia.comEditorialThe New Silicon Valley Vol 10 · Issue 10 - 05 · April, 2021 Publisher Alok Chaturvedi Editor Emmanuel Christi Das Editorial Team Aveek Pal Chaudhuri Avinash Roy Hridkamal Roy Mandvi Singh VP - Sales & Marketing Virupakshi Pattar GM - Sales & Marketing Rohit Kumar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit: www.siliconindia.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2021 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comVisualisers Mohana Krishnan Siva Sankar Group Art DirectorAshok KumarCirculation Manager Magendran PerumalAnupreethi Danila.D Felisha Rita Shilpa Selva siliconindia Correspondents Sambit Satpathy Subhadarshani Mohanty
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