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Corporate Income Tax Registration: End of August Deadline for June-Issued Licenses
- 10.08.2024
- Posted by: Malavika Kolera
- Categories: Tax, Dubai
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The Federal Tax Authority has set a 31.08. deadline for Corporate Income Tax registration for businesses with licenses issued in June, emphasizing the importance of timely compliance to avoid penalties.
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A Reminder for Timely Renewal of Dubai Residency and Emirates ID
- 10.08.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The Federal Authority for Identity and Citizenship, Customs and Ports Security (ICP) has issued an important reminder for UAE residents to renew their residency permits and Emirates ID cards in a timely manner.
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UAE Golden Visa Through Bank Deposits: An Opportunity to Long-Term Residency
- 10.08.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The UAE Golden Visa program offers long-term residency through a bank deposit route, requiring a minimum deposit of AED 2 million for two years in selected UAE banks, attracting high-net-worth individuals with its simplicity and potential financial benefits.
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UK-GCC Trade Talks: New Opportunities for Businesses in Dubai
- 02.08.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The UK’s decision to restart trade talks with the Gulf Cooperation Council (GCC) could reshape Dubai’s business landscape, potentially increasing UK investments, easing market access, and cultivating new partnerships while also indirectly affecting European businesses through shifted competition and collaborative opportunities in the region.
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UAE Central Bank Holds Steady: What It Means for European Businesses
- 02.08.2024
- Posted by: Malavika Kolera
- Category: Dubai
The Central Bank of the UAE’s decision to maintain its Base Rate at 5.40 percent aligns with US Federal Reserve policy, offering European businesses operating in or considering relocation to the UAE a stable yet challenging financial environment, with implications for borrowing costs, investment returns, and long-term planning.
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Germany’s Rising Unemployment vs UAE’s Opportunities: Why Dubai Attracts Entrepreneurs and Professionals
- 02.08.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East, Europe
While Germany grapples with rising unemployment, reaching 6% in July 2024 with over 2.8 million jobless individuals, Dubai’s thriving economy and business-friendly environment continue to attract entrepreneurs and professionals seeking economic stability, tax benefits, and diverse career opportunities.
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UAE Economic Growth: Implications for International Businesses
- 26.07.2024
- Posted by: Malavika Kolera
- Categories: Tax, Dubai
The Arab Monetary Fund projects economic growth for the UAE at 3.9% in 2024 and 6.2% in 2025, creating opportunities for international businesses considering expansion to the region.
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UAE-EU Trade Talks: What’s in Store for European Businesses in Dubai?
- 26.07.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The United Arab Emirates (UAE) is taking steps to boost its economic relationship with the European Union (EU), which could open up new doors for European businesses thinking about moving to Dubai.
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Dubai’s Industrial Boom: Implications for Property Investors and Business Owners
- 26.07.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
Dubai and Abu Dhabi are experiencing a significant surge in industrial and logistics asset demand, with a 185% year-on-year increase in the first half of 2024, according to a recent Knight Frank report.
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New DIFC Rules Open Doors for International Businesses in Dubai
- 17.07.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The Dubai International Financial Centre (DIFC) has introduced new regulations, effective 15.07.2024, that expand eligibility and simplify the process for international businesses to establish private companies in this global financial hub.
