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UAE breaking business news
Yesterday, the UAE completely overhauled commercial company ownership laws, being the most recent ...
UAE Introduces changes to criminal, civil codes and inheritance law
This weekend a surprise announcement came as the UAE proclaimed various legal reforms in the Emirates.
Remote working residency visa now available in Dubai
Dubai has launched its “virtual working programme” providing residency visa in Dubai to remote...
Parental leave and extension of equal pay amendments to UAE Labour Law
Federal Decree Law No. 6 of 2020 (“the Decree”) was issued by His Highness Sheikh Khalifa...
UAE Economic Substance Regulations
Cabinet Ministers Decision No. 57 of 2020 concerning Economic Substance Requirements...
UAE-Israel Peace Accord
On August 13, 2020, His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi...
Managing Cash Flows in Uncertain Times
Navigating your business through this ‘black swan’ event will be one of the most challenging experiences...
Reminder to submit audited financial statements by RAKEZ licensed Companies
RAKEZ on 11 May 2020, provided an update on their previous announcement that only industrial clients...
Extensions announced for lodgement of Excise tax and VAT returns
The Federal Tax Authority (FTA) issued a decision on 14 April 2020, which allows Excise Tax...
Financial measures taken by UAE during the COVID-19 pandemic
A series of measures have now been introduced by various businesses and government authorities...
Business Relief Package announced by Dubai Banks
In line with the Central Bank of the UAE directives, Dubai’s leading banks have joined...
UAE Coronavirus Status Report
The spread of Novel Coronavirus (Covid-19)has disrupted the movement and operation of bothindividuals...
UAE Coronavirus: Lease considerations
The Novel Coronavirus (Covid-19) has disrupted the movement and operation of both individuals and ...
One Central Free Zone
One Central, newly developed free zone in Dubai World Trade Center (DWTC). It is a new master planned development of premium commercial offices....
UAE Residency as an alternative to the Cypriot Investment Scheme
Cyprus has historically attracted interest as one of the quickest and most efficient routes to EU citizenship however....
British Virgin Islands “Economic Substance” requirement – The benefits of UAE Residency as an alternative
The BVI Economic Substance (Companies and Limited Partnerships) Act, 2018 has come into force as from 1st January 2019 in order to meet....
Benefits of the UAE
Residency in the United Arab Emirates offers clear solution to investors seeking to relocate and expand their portfolio....
UAE Economic Substance Regulations Factsheet
The UAE Cabinet issued Decision No. 31 of 2019 on the Economic Substance Regulation...
Launch of new Electronic Excise Tax system and Inclusion of items in Excise Goods List
Cabinet Decision No.38 of 2017 on Excise Goods, Tax Rates Imposed Thereto, and the Method of Calculation of Excise Price...
VAT Administrative Exceptions User Guide
Since the implementation of value added tax (“VAT”) in the UAE, the Federal Tax Authority (“FTA”) has issued various Federal...
Business Package For Female Entrepreneurs
Yesterday, 28th August 2019, being Emirati Women's Day in the UAE, the Ras al Khaimah Economic Zone...
Decision on Tax Invoices and Credit Notes in the UAE
Tax Invoices and Credit Notes are a significant part of the value added tax (“VAT”) system implemented...
Uber-Careem Deal: An Indication Of Dubai’s Favorable Business Climate
The recent move by Uber to acquire it’s Middle Eastern rival, Careem for $3.1 billion, has been...
How Businesses Can Claim VAT Refund in the UAE
Since the introduction of Value Added Tax (VAT) in the UAE on 1st January 2018, economists have tried...
The Positive Impact of EXPO 2020 on Dubai’s Future
The projection for the GDP growth in Dubai during 2020 is 3.5 percent, but experts believe...
Promising Second Quarter Results for the Dubai Economy
According to a report issued by the Department of Economic Development (DED), investor confidence...
New Benefits Announced by Dubai Customs for Courier Companies
The strategic location of Dubai on the map has been advantageous for import and export companies...
Oman Excise Tax Law Issued by Royal Decree
Oman has introduced their Excise Tax Law on 13th March 2019, issued by His Majesty Sultan Qaboos...
VAT Refund on Goods and Services in relation to Expo 2020
Expo 2020 is expected to be a significant milestone in the history of the UAE. With over...
KSA Cabinet approves Double Tax Treaty with the UAE
On 23rd May 2018, the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE) executed...
Real Estate VAT Guide
The real estate sector in UAE can be construed as an integral part of the UAE economy. It supports...
Dubai Expo 2020 A Huge Opportunity For Investors and Business Owners
If you have been considering starting a business in Dubai, now is the best time to make that move.
Dubai SME Payment Acceleration Expected To Encourage Investors
The government of Dubai recently announced plans to expedite payments to small and medium-sized enterprises in the Emirate.
Digital Tax Stamp for Tobacco Products
Since the implementation of VAT in January 2018, The Federal Tax Authority has been striving to enhance its ability...
Survey: Executives In The UAE Backs Increased Infrastructure To Boost Business Confidence
According to a survey from the Association of Chartered Certified Accountants and Institute of Management Accountants...
Legal Update - Law No. (25) of 2018 on Excise Tax with effect on 1 January 2019
The GCC countries have been involved in the implementation of VAT. Bahrain is the latest country where...
Dubai Companies Expect Accelerated Economic Growth in Q1
A recent survey conducted by the Department of Economic Development (DED), shows that many Dubai-based companies...
Public clarification (VATPO11)- Donations, Grants and Sponsorships
Cabinet Decision No. (52) of 2017 on the Executive Regulations of the Federal Decree Law No. (8) of 2017...
Public clarification (VATPO01)- Compensation Type payments
In Accordance to Federal Decree-Law No. (8) of 2017 on Value Added Tax, tax is imposed on goods...
Dubai Government Continues to Position the Emirate to Attract Global Startups
Dubai has become the preferred destination for startups and multinational corporations wishing to expand to the Middle East...
Public Clarification on Bank Interest and Dividends
The Federal Tax Authority (FTA) has recently provided the Public Clarification VATP010 (the Clarification)...
UAE Begins the Implementation of 10-year Visa for Expats
Not resting on its promise to position the country to become the economic hub of the world, the UAE’s government has officially begun...
The Implication of '100 Percent Business Ownership' in Dubai Explained
Local ownership restrictions have always been a big issue for foreign investors interested in setting up businesses in the UAE...
VAT Refund for Business Visitors
The Federal Tax Authority (FTA) has published its updated version of the Guide on VAT Refunds for...
Dubai Airport Freezone Authority Reduces Business Set-up Fees
Dubai Airport Freezone Authority (DAFZA) has announced plans to reduce the cost of setting up a business in the zone by up to 65 percent...
VAT 2018 in the UAE: Results in Number
The Federal Tax Authority (FTA) issued a press release on 5th January 2019 announcing the achievements...
VAT implementation in Bahrain in comparison with UAE and KSA
The Kingdom of Bahrain has become the third Gulf Cooperation Council (GCC) member state to introduce VAT...
DED's Initiative to Support Private Sectors With 50% Reduction on Fines
The Commercial Compliance and Consumer Protection (CCCP) sector of the Department of Economic Development (DED) announced that
Overview of Federal Tax Authority 2019 Plans
Dubai’s Federal Tax Authority (FTA)’s Board of Directors held its 6th meeting at the Ministry of Finance
New Visa For Expat Retirees In UAE
The UAE government has announced a new law which states that expats aged 55 and over may secure a retirement visa
How Does Bookkeeping Help In Handling A Firm’s Finances?
Entrepreneurship involves capital investments, but is the business increasing its revenues as well? In order for...
New Commercial license for Technology Start-ups by ADGM
The Abu Dhabi Global Market (ADGM) has launched a new commercial license for technology startups....
Estate planning in the UAE
Estate planning is an important consideration, regardless of your circumstances, involving precautionary placement in asset protection...
Kuwait to delay VAT implementation until 2021, excise tax to be introduced.
Kuwait’s parliament budget committee announced on their website on 15 May 2018 that it will postpone...
Visa reforms & foreign company ownership
Earlier this year it was announced that the UAE Cabinet had passed a Resolution to (i) permit 100% foreign ownership of onshore entities, and (ii) extend...
FTA publishes refund guide for the building of new residences by U.A.E. Nationals
The FTA released a user guide in August 2018 for those U.A.E. nationals wanting to claim a VAT refund on their newly built residences....
Cyber Security For Businesses
Small and medium size companies may not worry so much about cyber security because they don't think of themselves as targets.
No VAT on RAK International
Corporate Center Services.
RAK International Corporate Centre (RAK ICC) is one of the offshore jurisdictions in UAE for starting and running an offshore company...
UAE Central Bank Starts Publishing Daily Foreign Exchange Rates.
A press announcement was made by the Central bank on 17 th May 2018 that it will publish on its website, a list of foreign currency rates...
Insight to Product-Market Expansion
Surviving and growing amidst the pressure of rival companies has been a struggle for most companies. Therefore, in the process
Leadership Techniques to Manage Company Stakeholders
The setting up of a company is only one step in many up the stairs of corporate success.
100% Foreign Ownership of UAE Companies and Visa Extension
On Sunday, 20th May 2018, it was announced that the UAE Cabinet had passed a resolution to (i) permit 100% foreign ownership
VAT in the UAE
On 1st January 2018 the UAE have introduced the Value Added Tax (VAT) in order to increase non-oil revenues for the ongoing development of the country.