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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
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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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Saudi Arabia Urges Companies to Relocate Regional HQs and Offers Incentives
- 14.11.2023
- Posted by: Omar Sami
- Categories: Legal, Saudi Arabia
Saudi Arabia is incentivizing foreign companies to establish their regional headquarters in the Kingdom by January 1st, 2024, with benefits such as a 10-year exemption from Saudization and lifted visa restrictions, to align with Crown Prince Mohammed bin Salman’s Vision 2030 initiative.
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TME Services and TME Legal Consultants at the ETL GLOBAL Conference 2023 in Berlin
- 09.11.2023
- Posted by: Uwe Hohmann
- Categories: Dubai, Tax
The ETL GLOBAL Conference 2023, held in Berlin, focused on “Managing the Professional Service Firm” and offered a platform for sharing knowledge on the global legal and tax landscape, with TME Services presenting insights into the GCC market.
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Vision 2030: Building the Foundation for a Thriving 2034 FIFA World Cup
- 08.11.2023
- Posted by: Omar Sami
- Categories: Dubai, Tax
Saudi Arabia’s Vision 2030 lays a robust groundwork for the nation’s ambitious transformation, setting the stage for a successful 2034 FIFA World Cup through strategic economic, social, and infrastructural advancements and offering vast opportunities for global businesses to thrive in the lead-up to the event.
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Ensuring Tax Security in UAE Free Zones: A Recent Supreme Court Ruling
- 07.11.2023
- Posted by: Derya Bandak
- Categories: Dubai, Tax
The Federal Supreme Court’s judgment clarified that the local law does not restrict or specify the federal law issued by the federal authorities; rather, they operate within a framework of legislative integration and synergy.
