Dubai has established itself as a global business hub, attracting entrepreneurs and investors from around the world. One of the primary reasons for its success is the availability of free zones, which offer numerous benefits for businesses. If you’re considering starting a free zone business in Dubai, this guide will provide you with everything you […]
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Value-Added Tax (VAT) is a critical component of modern tax systems globally. It is a consumption tax levied on the value added to goods and services at each stage of production or distribution. This guide aims to provide a detailed understanding of VAT, including its principles, mechanisms, benefits, challenges, and implications for businesses and consumers.
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The impending launch of the GCC Grand Tours visa heralds a transformative era in Gulf tourism, akin to the seamless travel facilitated by the Schengen visa in Europe. Envisioned to streamline travel logistics across Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, this unified visa is poised to redefine the region’s allure for international
Dubai is undertaking a massive expansion of an airport that it plans to be five times the size of its current international hub. Sheikh Mohammed bin Rashid Al Maktoum, the emirate’s ruler, said the upgraded Al Maktoum International Airport will feature a capacity of 260 million passengers, the world’s largest. “We are building a new
The transfer of work permits and licences of Al Reem Island-based companies to Abu Dhabi Global Market (ADGM) has been streamlined to create an attractive and supportive work environment for the business sector in the Capital. The Ministry of Human Resources and Emiratisation (Mohre) and ADGM signed a memorandum of understanding on Friday that will “enhance ease
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Dubai, renowned for its luxurious lifestyle, gleaming skyscrapers, and thriving business environment, stands as a beacon of opportunity in the Middle East. Amidst its allure, understanding tax regulations in Dubai is crucial for residents, entrepreneurs, and corporations alike. As a rapidly growing global hub for business and commerce, Dubai offers a unique tax landscape that
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Besides, collaboration between federal and local governments, the private sector, and communities could yield an extra AED70 billion to the UAE with investments offset by long-term cost savings by 2080. Realising UAE Net Zero 2050 could help the country grow its GDP by approximately $1 trillion, with the country striving to be a leader across all domains,
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Over past year, the total number of companies offering wealth management solutions soared by 22 per cent to reach a new record of 240 regulated organisations across the GCC, a new report showed. The 13th and latest edition of the Middle East Investment Panorama (MEIP) report of Insight Discovery, a financial services consultancy firm, looks
GCC sees 22% rise in wealth management companies to a record 240 Read More »
Companies in the GCC are expanding in Saudi Arabia to tap the massive opportunities being created by $3 trillion worth of foreign investment entering the kingdom as part of the Saudi Vision 2030, by either setting up a totally new business license or opening up a branch, as the country undergoes massive development works. As
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Dubai’s listed developer Union Properties PJSC, on Friday, announced a breakthrough in its ‘legacy debt’ restructuring challenges by entering into a settlements with EmiratesNBD and Dubailand for Dh1.25 billion. Under the agreement with Dubai’s biggest bank, Union Properties will pay a settlement amount of Dh850 million to Emirates NBD in installments within nine months of
