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Dubai: Business Setup with Unified Digital Platform
- 27.03.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
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Dubai launches a Unified Digital Platform to streamline business setup processes, backed by Sheikh Hamdan’s resolution to enhance the investor journey.
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Inflation Decrease in Dubai
- 20.03.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
Dubai witnessed a decrease in annual inflation to 3.36% in February, driven by lower transportation and discretionary spending costs, alongside robust non-oil private sector growth.
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Accounting Standards in Dubai
- 11.03.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
Businesses in Dubai are legally required to maintain accurate financial records, prepare annual financial statements in accordance with IFRS, undergo annual audits, ensure VAT compliance, and retain records for a specific period
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UAE: Impending Exit from FATF Grey List
- 08.03.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The UAE is set to exit the FATF’s “grey list” after addressing deficiencies in its AML, CTF, and anti-proliferation financing frameworks, promising smoother international transactions for MNCs.
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IMPORTANT: The Timelines for Registration of Taxable Persons for UAE Corporate Tax
- 02.03.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The Federal Tax Authority’s Decision No. 3 of 2024 introduces specific registration timelines for taxable persons under UAE Corporate Tax, effective from 01.03.2024, with penalties for non-compliance.
