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  • UAE: Business Closure – A Guide for Entrepreneurs

    • 28.01.2024
    • Posted by: Uwe Hohmann
    • Category: Dubai
    No Comments

    Closing a business in the UAE involves a meticulous process, requiring careful attention to legal and administrative steps. Mainland and free zone businesses have distinct closure procedures, each with unique requirements for license cancellation, employee and utility management.

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  • Dubai: Exploring Real Estate Shifts in 2024

    • 21.01.2024
    • Posted by: Uwe Hohmann
    • Category: Dubai
    No Comments

    Dubai’s real estate market is set for transformation in 2024, with a resurging apartment sector, villa market growth, and significant infrastructural developments influencing investment dynamics.

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  • Ensuring Job Description Consistency in the UAE: Aligning Job Designation on Offer Letters, Emirates ID, and Visas

    • 21.01.2024
    • Posted by: Derya Bandak
    • Category: Dubai
    No Comments

    Employers in the UAE must maintain consistency in job designations across crucial documents such as offer letters, residence visas, and Emirates IDs, ensuring compliance with regulations set by the Ministry of Human Resources and Emiratisation (MoHRE).

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  • Saudi Arabia Expands Premium Residency Permit Categories to Attract Global Talent

    • 21.01.2024
    • Posted by: Omar Sami
    • Category: Saudi Arabia
    No Comments

    Saudi Arabia broadens its Premium Residency Permit scheme with five new categories to attract foreign investment and high-caliber talent in various fields.

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  • BRICS Welcomes the Middle East

    • 16.01.2024
    • Posted by: Uwe Hohmann
    • Category: Middle East
    No Comments

    The UAE and KSA are already well-known as economic leaders in their region – joining BRICS could open new doors, offering fresh opportunities for trade and investment on a global stage.

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  • Dubai’s Real Estate Market Off to a Strong Start in 2024

    • 15.01.2024
    • Posted by: Derya Bandak
    • Category: Dubai
    No Comments

    Dubai’s real estate sector kicked off 2024 with a strong start, reporting 1,721 property deals worth AED 5.8 billion in the first week, indicating a robust and potentially successful year ahead.

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  • UAE Corporate Tax Law: An In-Depth Look Into Tax Groups

    • 14.01.2024
    • Posted by: Omar Sami
    • Categories: Dubai, Tax
    No Comments

    In the UAE, Tax Groups enable businesses to streamline tax compliance by consolidating financial results and filing a single tax return, enhancing efficiency and cohesion in tax reporting.

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  • ZATCA Extends Fines and Penalties Exemption to June 2024

    • 08.01.2024
    • Posted by: Derya Bandak
    • Category: Saudi Arabia
    No Comments

    ZATCA’s initiative for ‘Cancellation of Fines and Exemption of Penalties’ has been extended to 30.06.2024, offering financial relief to businesses.

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  • KSA: Public Investment Fund (PIF) Emerges as Leading Global Investor in 2023

    • 08.01.2024
    • Posted by: Omar Sami
    • Category: Saudi Arabia
    No Comments

    Saudi Arabia’s Public Investment Fund (PIF) has emerged as the top investor among its peers in 2023, with a 33% increase in investments over 2022, investing USD 31.6 billion across 49 deals.

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  • UAE Corporate Tax: Key Rules for Unincorporated Partnership Registration and Profit Sharing

    • 08.01.2024
    • Posted by: Uwe Hohmann
    • Categories: Dubai, Tax
    No Comments

    The UAE Corporate Tax Law mandates unincorporated partnerships to appoint an ‘Authorized Partner’ for tax obligations, offering an option to be treated as a Taxable Person under certain conditions.

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