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TME Services

  • UAE Dirham Strength Against a Fluctuating Euro

    • 13.04.2024
    • Posted by: Uwe Hohmann
    • Categories: Europe, Middle East
    No Comments

    For EU-origin and UAE-based businesses, the recent dip in the Euro offers cost advantages and enhanced investment potential in the Eurozone.

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  • UAE: Understand the Corporate Income Tax for Partnerships

    • 02.04.2024
    • Posted by: Uwe Hohmann
    • Categories: Dubai, Middle East
    No Comments

    The UAE’s Federal Tax Authority has released a comprehensive guide on Corporate Income Tax for partnerships, detailing taxation rules, compliance, and reliefs to ensure proper adherence to tax laws.

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  • KSA: Customs Duty Exemptions

    • 02.04.2024
    • Posted by: Derya Bandak
    • Categories: Middle East, Saudi Arabia
    No Comments

    Saudi Arabia announces customs duty exemptions for various manufacturing imports to stimulate industrial growth and reduce operational costs for companies.

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  • UAE: Economy set to grow by 5.2% in 2025

    • 02.04.2024
    • Posted by: Omar Sami
    • Categories: Dubai, Middle East
    No Comments

    Strong performances in both the non-oil and oil sectors, alongside the introduction of a corporate income tax, are expected to drive the UAE economy to grow by 5.2% in 2025.

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  • UAE: Federal Tax Authority (FTA) Simplifies Services for Better Experience

    • 27.03.2024
    • Posted by: Omar Sami
    • Categories: Dubai, Middle East
    No Comments

    The UAE’s Federal Tax Authority has made significant improvements in the issuance of tax certificates, streamlining processes to enhance efficiency and user experience.

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  • KSA: Tourism Transformation – Opportunity for Business Setup

    • 27.03.2024
    • Posted by: Derya Bandak
    • Category: Saudi Arabia
    No Comments

    Saudi Arabia’s National Tourism Strategy, part of its Vision 2030 initiative, aims to reduce the economy’s oil dependence by developing the tourism sector to contribute 10% to GDP by 2030, supporting over a million jobs.

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  • Dubai: Business Setup with Unified Digital Platform

    • 27.03.2024
    • Posted by: Uwe Hohmann
    • Categories: Dubai, Middle East
    No Comments

    Dubai launches a Unified Digital Platform to streamline business setup processes, backed by Sheikh Hamdan’s resolution to enhance the investor journey.

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  • KSA & UAE: Real Estate Resilience and Rising Dubai Rents Amid Global Challenges

    • 20.03.2024
    • Posted by: Derya Bandak
    • Categories: Dubai, Middle East
    No Comments

    The Middle East’s economy and real estate sector are thriving, with substantial growth in the non-oil sector, notably in Saudi Arabia and the UAE, and the construction and real estate sectors playing a crucial role in reducing oil dependency.

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  • UAE: Dubai Implements New Tax Law on Foreign Banks

    • 20.03.2024
    • Posted by: Omar Sami
    • Categories: Dubai, Middle East
    No Comments

    Dubai’s new Law No. (1) of 2024 introduces a 20% tax rate for foreign banks, aiming to enhance fiscal governance and align taxation policies with global standards.

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  • Inflation Decrease in Dubai

    • 20.03.2024
    • Posted by: Uwe Hohmann
    • Categories: Dubai, Middle East
    No Comments

    Dubai witnessed a decrease in annual inflation to 3.36% in February, driven by lower transportation and discretionary spending costs, alongside robust non-oil private sector growth.

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