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UAE Ranks 7th Globally in 2024 World Competitiveness Report
- 22.06.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
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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
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
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
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
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
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
With strong scores in commodity endowment and institutional factors, the UAE offers an attractive business environment for entrepreneurs.
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Dubai Real Estate Market Sets New Records: May Transactions Hit Record AED 46.5 Billion
- 08.06.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
Dubai’s real estate market achieved record-breaking heights in May, with transaction volumes and values significantly surpassing previous highs.
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UAE Signs Another Double Taxation Avoidance Agreement
- 08.06.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The UAE is expanding the list of countries with which it has signed Double Taxation Avoidance Agreements (DTAs).
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UAE Digital Trade to Grow 12.3% Annually
- 30.05.2024
- Posted by: Omar Sami
- Category: Dubai
Digital trade in the UAE is set to grow by 12.3% annually until 2028, with over 40% of consumers using “buy now, pay later” models.
