The UAE is a thriving hub of business, steadily climbing the ranks to become one of the world’s top trade destinations. According to the Ease of Doing Business Index, the UAE is proudly ranked as the number one Middle Eastern country. The UAE government actively supports initiatives that fuel business growth. Obtaining a company license […]
ENOC Group continues robust retail expansion in Dubai opens two new service stations. Image Courtesy: ENOC GroupDuring the fourth phase, ENOC personnel at service stations will assist motorists in reporting minor accidents and obtain accident against unknown party reports in a few minutes. DUBAI – Dubai Police, in cooperation with the Emirates National Oil Company […]
UAE amends VAT Decree Law• The United Arab Emirates (UAE) Ministry of Finance (MOF) announced the issuance of Federal Decree Law No. 18 of 2022 amending Federal Decree Law No. 8 of 2017 relating to Value Added Tax (VAT).• The amendments allow an extension to the general statute of limitation of five years and specify […]
Employees of private sector companies and federal government departments can subscribe to the scheme from as low as Dh5 per month;Purchasing an insurance scheme against job loss will be a mandatory requirement once the programme goes into effect from January 1, 2023, the Ministry of Human Resources and Emiratisation (MoHRE) has announced.Employees of private sector […]
Dubai, a prominent trade, finance, and economic hub in the Middle East, offers tremendous potential for establishing a financial services company. With its robust financial infrastructure driving regional economic growth, Dubai emerges as a highly advantageous destination for investors seeking to capitalize on the finance sector and foster business growth. The city’s technological advancements in […]
Move is aimed at speeding up the claims process, improving the public’s access to legal assistance and reducing the need for court appearances. Residents in Abu Dhabi are now able to file lawsuits through a mobile application in order to speed up the claims process, improve the public’s access to legal assistance and reduce the […]
Spy case Brit arrives home after UAE pardonMatthew Hedges returns to the UK after being one of 700 prisoners pardoned by the UAE President. British academic Matthew Hedges returned to London on Tuesday, his family said, a day after the UAE pardoned his life sentence for spying in a case he described as “very surreal”.He […]
H.H the Ruler of Sharjah has issued Law No. 2 of 2022 amending Law No. 5 of 2010 on Real Estate Registration in the Emirate of Sharjah on 31 October 2022. The new Decree amends Articles 4 and 7 of Law No. 5 of 2010 which relates to the Right of Ownership of property in […]
Deputy Ruler of Dubai says new court will help the emirate keep pace with future economic aspirations.The Dubai International Financial Centre Courts (DIFC Courts) on Tuesday announced the launch of a specialised court for the digital economy.It aims to simplify the settlement process of complex civil and commercial disputes related to the digital economy, a […]
The Double Taxation Avoidance Agreement provides unique advantages to residents of a country who reside and earn income overseas for a designated duration. With over 137 countries worldwide, the UAE has entered into Double Taxation Agreements, promoting international economic collaboration and facilitating equitable tax practices. Key Highlights of the Double Taxation Avoidance Agreement Being part […]