Many major cryptocurrency companies have already made the emirate their home, and others, including crypto.com, Bybit, Binance and Deribit, are planning to move to the city.Dubai ranked first in the region and second in the world as a cryptocurrency hub. In a study published by Recap, London was named the top cryptocurrency center in the […]
The Real Estate market in the UAE plays a vital role in the country’s economy and business landscape. With a multitude of upcoming projects and the delivery of completed apartments to their owners, the real estate segment is experiencing significant growth in the region. It is a dynamic industry offering diverse options for investors to […]
According to a new study conducted by the Boston Consulting Group, the UAE ranked third in the world for the adoption and delivery of digital government services, as well as the growth in their importance.The UAE is one of the top three countries in the world for digital government services, highlighting the country’s accelerated digital […]
Abu Dhabi’s civil and family court system, which allows non-Muslim couples to divorce and marry through a non-Shariah court process, will be rolled out nationwide on Feb. 1, 2023. The federal law for expatriate non-Muslims, announced earlier, covers key family issues such as marriage, divorce, inheritance and child custody.It talks about giving equal rights to […]
Effective June 2023, the UAE’s new corporate tax will apply to businesses with profits of at least AED 375,000 per year – the tax will be 9%.What is exempt from corporate tax in the UAE?Corporate tax will not apply to:
To celebrate the United Arab Emirates’ 50th anniversary, the country has implemented a wide-ranging package of legislative reform. A central theme to this reform has been strengthening and promoting the UAE as a jurisdiction for foreign direct investment and commerce.One of the key pieces of legislative change has been the introduction of Federal Law No. […]
The new Federal Personal Status Law allows non-Muslim couples to marry in a non-Sharia legal process. Since February 2022, non-Muslim couples in Abu Dhabi have been able to tie the knot in the civil court, in a similar way to a registry office wedding in the UK or Europe. From February 2023 this will become […]
30 per cent tax removed from alcoholEffective from Sunday, January 1 2023, the 30 per cent tax will be removed from all alcohol purchases in Dubai in 2023. Both alcohol shops MMI and African and Eastern have confirmed the news to their customers, stating that the 30 per cent tax will be excluded from their […]
The Ministry provides a package of incentives for distinguished establishments that make qualitative achievements in training and employing Emiratis ABU DHABI – The Ministry of Human Resources and Emiratisation (MoHRE) has announced that it has applied financial contributions to private sector companies for failing to achieve the Emiratisation targets stipulated for the year 2022. This […]
The UAE’s economy is thriving, presenting a multitude of emerging opportunities across various industrial sectors. The Logistics and Trade sector, in particular, has reached a level of maturity and perpetual expansion, attracting substantial foreign investment and making a substantial contribution to the overall economy. What makes UAE the ideal destination for establishing a logistics company? […]