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Bilateral Trade Between Saudi Arabia and Germany on the Rise
- 14.06.2024
- Posted by: Uwe Hohmann
- Categories: Middle East, Europe
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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, Tax, Dubai, Middle East
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: Uwe Hohmann
- 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.
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Saudi Arabia Sees Surge in Investment Deals – Time to Set Up Your Business in the Kingdom
- 30.05.2024
- Posted by: Uwe Hohmann
- Category: Middle East
In the first quarter of 2024, Saudi Arabia secured over 53% of its investment deals, with significant contributions from US and UK investors and a strong focus on sports and technology.
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UAE Invests to Increase Local Manufacturing – Opportunity for Entrepreneurs
- 30.05.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The UAE is boosting its industrial sector with an extra USD 6.3 billion to become more self-sufficient and attract more investment.
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Urgent Reminder: Submit Corporate Income Tax Registration to Avoid Penalties
- 26.05.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The Federal Tax Authority (FTA) has reminded individuals with Corporate Tax licenses granted in January and February to submit their Corporate Tax registration applications by 31.05.2024 to avoid penalties.
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Moody’s Upgrades Saudi Arabia’s Credit Rating to ‘A1’
- 25.05.2024
- Posted by: Uwe Hohmann
- Category: Middle East
Moody’s has upgraded Saudi Arabia’s credit rating to ‘A1’, citing significant reforms and economic diversification efforts as key factors in their positive outlook.
