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Saudi Arabia Introduced Tax Incentives to Attract Multinational Corporations
- 08.03.2024
- Posted by: Omar Sami
- Category: Saudi Arabia
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Saudi Arabia has introduced a new tax incentive program offering a 30-year income tax exemption to multinational companies establishing regional headquarters, aiming to support foreign investment and economic growth.
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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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Opportunities for German Ventures in the Middle East
- 02.03.2024
- Posted by: Derya Bandak
- Categories: Dubai, Middle East
The inauguration of the German WIKA group’s factory in Dammam signifies a milestone for German business expansion and innovation in the Middle East, fostering economic and cultural ties between Germany and the region.
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UAE’s Economy on the Rise: A 5% Growth Projection for 2024
- 02.03.2024
- Posted by: Omar Sami
- Categories: Dubai, Middle East
The UAE’s economy is poised for a 5% growth in 2024, driven by a surge in FDI and a robust expansion in the non-oil sector, highlighting the country’s successful diversification strategy.
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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.
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