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The Importance of Compliance in Protecting Your Business from Legal Risks
- 13.04.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
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Compliance is key to a successful operation in Dubai, requiring strict adherence to local laws to avoid serious legal consequences.
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UAE Dirham Strength Against a Fluctuating Euro
- 13.04.2024
- Posted by: Uwe Hohmann
- Categories: Middle East, Europe
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
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: Uwe Hohmann
- Category: Middle East
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: Uwe Hohmann
- Categories: Dubai, Middle East
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: Uwe Hohmann
- Categories: Dubai, Middle East
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: Uwe Hohmann
- Category: Uncategorized
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
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: Uwe Hohmann
- Categories: Dubai, Middle East
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: Uwe Hohmann
- Categories: Dubai, Middle East
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.
