Emirate’s cultural and creative sectors attracted Dh7.35 billion in foreign direct investment in 2022, Says the Source Dubai, a city known for its vibrant culture and innovative spirit, has once again proven its global appeal by attracting a record 451 projects in the cultural and creative industries in 2022. This impressive increase of 107.7% from …
In a significant move to enforce anti-money laundering regulations, the Ministry of Economy in the United Arab Emirates (UAE) has imposed fines amounting to Dh65.9 million on 137 companies. This action was taken in the first quarter of 2023, following an inspection of 840 companies operating in the UAE’s designated non-financial business or professions (DNFBP) …
Are you an entrepreneur looking to set up a business in the UAE? One of the best ways to do so is by establishing your company in a free zone. With a plethora of options available, choosing the right one can be overwhelming. In this blog, we’ll take you through the 7 best free zones …
7 Best freezones in UAE to start your business- #2023Update Read More »
Breaking News Dubai International Financial Centre (DIFC), the MEASA (Middle East, Africa and South Asia) region’s foremost global financial centre has recently passed the DIFC Family Arrangements Regulations. With this comes the announcement of the opening of its first Global Family Business and Private Wealth Centre, following a 30-day public consultation term. In addition to …
The DIFC Declares the Adoption of New Family Arrangements Regulations- #2023 Update Read More »
The UAE has issued Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the “Corporate Tax Law”). This means businesses will be subject to UAE Corporate Tax (“Corporate Tax”) from the beginning of their first financial year which starts on or after June 1, 2023. While we will be coming up …
Going forward, individuals putting up in the properties leased out or bought by the expatriate residents in Dubai must be registered too, says the new tenant rule! All the existing property owners, developers, management companies and tenants must complete the registration process within two weeks from the day of announcement i.e., 24 Sep 2022 (Friday), …
A Step-by-Step Guide to Co-occupants Registration in Dubai Read More »
Keen to offer a wider string of services related to virtual assets including crypto derivatives products, custodial and trading services to fitly qualified retail and institutional investors in Dubai, Binance, the leading global blockchain services provider, has been granted Minimal Viable Product (MVP) licence by the Virtual Assets Regulatory Authority (VARA). The first licence was …
Glad tidings! World-renowned for expat-friendliness, the United Arab Emirates is to ease the visa rules for resident expats from the month of September this year while implementing new visa types for foreigners. Now you have more options and reasons to visit or migrate to your favourite emirate! Let’s quickly have a look at those remarkable …
UAE Relaxes the Visa Rules for Residents & Tourists: Highlights Read More »
Your bank is your friend in need indeed, helping you monitor your transactions, loaning you funds when required, and taking care of your deposits! Congratulations, you’ve got your trade licence! Way to go! So much to plan and tons of things to do! You are almost there! And now it’s time to focus on priority …
Your Latest Guide to Open a Corporate Bank Account in the UAE? Read More »
The Avoidance of Double Taxation Agreement between the UAE and Saudi Arabia, which is expected to facilitate the two-way investment flow, boost bilateral trade and further bolster economic ties, has come into effect at the beginning of April after nearly a year the landmark pact was signed. The two countries signed the double income tax …
