Is it a good time to establish a fashion business in the UAE? A new report from Chalhoub Group indicates rapid growth in the region’s luxury sector, now valued at USD 12.5 billion.

The Central Bank of the UAE introduces new Sandbox Conditions, simplifying company setup for fintech startups and attracting global innovation to the financial sector.

German companies can now benefit from enhanced tax consulting services in Dubai as TME Services partners with JUHN Partner GmbH Steuerberatungsgesellschaft, bringing Prof. Dr. Christoph Juhn’s expertise in German and international tax law to the region.

The UAE has ascended to 7th place in the 2024 World Competitiveness Report, surpassing several advanced economies and showcasing improvements across economic, administrative, social, and innovation criteria.

The Federal Tax Authority (FTA) has implemented stringent penalties for non-compliance with Corporate Income Tax regulations in the UAE, covering late registration, submission, payment, incorrect tax filings, and record-keeping.

The Ministry of Human Resources and Emiratisation (MoHRE) has fined 1,444 private companies for falsely claiming to employ Emirati citizens.

With strong scores in commodity endowment and institutional factors, the UAE offers an attractive business environment for entrepreneurs.