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TME Services

  • Luxury Market in the UAE: Great Opportunity for New Business Ventures

    • 26.06.2024
    • Posted by: Uwe Hohmann
    • Categories: Dubai, Middle East
    No Comments

    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.

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  • UAE Central Bank Simplifies Company Setup for Fintech Startups with New Sandbox Conditions

    • 26.06.2024
    • Posted by: Uwe Hohmann
    • Categories: Dubai, Middle East
    No Comments
    uae-map

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

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  • TME Services Welcomes Prof. Dr. Christoph Juhn to Dubai, Enhancing Tax Consulting Services for German Clients

    • 26.06.2024
    • Posted by: Uwe Hohmann
    • Categories: Dubai, Middle East
    No Comments

    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.

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  • UAE Ranks 7th Globally in 2024 World Competitiveness Report 

    • 22.06.2024
    • Posted by: Uwe Hohmann
    • Categories: Dubai, Middle East
    No Comments
    uae-map

    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.

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  • Is It Mandatory To Have an Accountant in the UAE?

    • 22.06.2024
    • Posted by: Uwe Hohmann
    • Categories: Accounting, Dubai, Middle East
    No Comments
    accounting-invoice

    While not legally mandatory for all businesses in the UAE, having an accountant is highly recommended to ensure compliance with local financial regulations, efficient financial management, and support for business growth.

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  • Get Familiar With the Corporate Income Tax Penalties

    • 22.06.2024
    • Posted by: Uwe Hohmann
    • Categories: Dubai, Middle East
    No Comments

    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.

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  • Stay Compliant – Avoid Fake Emiratisation

    • 14.06.2024
    • Posted by: Uwe Hohmann
    • Categories: Dubai, Middle East
    No Comments

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

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  • Bilateral Trade Between Saudi Arabia and Germany on the Rise

    • 14.06.2024
    • Posted by: Uwe Hohmann
    • Categories: Europe, Middle East, Saudi Arabia
    No Comments

    Bilateral trade between Saudi Arabia and Germany increased by over 20 percent from 2022 to 2024, driven by ongoing mega projects in Saudi Arabia and German companies’ establishment of local value chains.

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  • Must New Businesses Register for Corporate Income Tax?

    • 14.06.2024
    • Posted by: Uwe Hohmann
    • Categories: Company Setup, Dubai, Middle East, Tax
    No Comments

    Discover why new businesses in Dubai must complete separate processes for business licenses and Corporate Income Tax registration.

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  • UAE Remains a Leading Global Commodity Trading Hub, Reports DMCC

    • 08.06.2024
    • Posted by: Uwe Hohmann
    • Categories: Dubai, Middle East
    No Comments
    uae-map

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

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