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Emiratisation Updates 2024 – What Medium-Size Businesses Must Know
- 05.12.2023
- Posted by: Derya Bandak
- Category: Dubai
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The UAE government is intensifying its Emiratisation efforts, requiring private companies with 20 to 49 employees to hire UAE nationals, with substantial fines for non-compliance.
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Important Tax Considerations for Entrepreneurs With Commercial Ties in the UAE
- 04.12.2023
- Posted by: Uwe Hohmann
- Categories: Dubai, Tax
Entrepreneurs in the UAE must navigate unique corporate tax rates, sector-specific incentives, and stringent compliance and reporting requirements to ensure their business thrives.
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Tax: Navigating Regulations for Online Businesses in the UAE
- 01.12.2023
- Posted by: Uwe Hohmann
- Categories: Dubai, Tax
Understanding tax regulations for online businesses in the UAE is essential, focusing on categorising taxable entities and the specific implications for both local and international e-commerce sales.
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Corporate Tax Exemptions in the UAE: Article 10
- 30.11.2023
- Posted by: Derya Bandak
- Categories: Dubai, Tax
The UAE’s Corporate Tax exemption framework, outlined in Article 10 of the CT General Guide, specifies various entities eligible for exemption, underlining the nation’s commitment to fostering economic growth and social welfare.
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The World Expo 2030 in Riyadh: An Attractive Destination for Entrepreneurs and Business Set Up in Saudi Arabia
- 29.11.2023
- Posted by: Omar Sami
- Category: Saudi Arabia
The selection of Riyadh as the host city for the World Expo 2030 marks a significant milestone in Saudi Arabia’s journey towards realising its Vision 2030. It is a perfect moment for a business set up in the Kingdom of Saudi Arabia.
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Saudi Arabia’s Trade Surplus On The Rise
- 23.11.2023
- Posted by: Omar Sami
- Category: Saudi Arabia
Saudi Arabia’s trade surplus reached 44 billion riyals in September, evidencing a 27.5% increase from August and showcasing the nation’s economic resilience.
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GCC’s Economy Positive Outlook: Opportunity for Entrepreneurs
- 21.11.2023
- Posted by: Uwe Hohmann
- Categories: Dubai, Saudi Arabia
The Gulf Cooperation Council (GCC) region’s economic transformation, emphasizing diversification and reducing reliance on oil revenues, is creating new opportunities for entrepreneurs and investors.
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Legal: Non-Compete Clauses in UAE Employment Contracts
- 19.11.2023
- Posted by: Derya Bandak
- Category: Dubai
The non-competition clause in the UAE includes provisions like refraining from working with competitors and is enforceable under specific conditions such as duration, geographic scope, and relevance to the employee’s sector.
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The New Proposed Income Tax Law and the Zakat & Tax Procedures Law Published by ZATCA
- 17.11.2023
- Posted by: Omar Sami
- Category: Saudi Arabia
The Zakat, Tax, and Customs Authority (ZATCA) of Saudi Arabia has proposed updates to the Income Tax Law and Zakat & Tax Procedures Law, aiming to enhance tax regulation alignment with international standards, attract foreign investment, and stimulate domestic economic growth in accordance with Vision 2030.
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Unlocking Opportunities: Diriyah’s Transformative Journey
- 15.11.2023
- Posted by: Derya Bandak
- Categories: Legal, Saudi Arabia
The Diriyah Gate Development in Saudi Arabia, with a $10 billion investment unfolding in 2024, is set to transform Diriyah into a leading tourist destination, enhancing its UNESCO World Heritage status and boosting local and international business opportunities.
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