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UAE Talks About a 10-Year Golden Business License
- 04.05.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
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The UAE is set to revolutionize its business licensing structure by introducing 10-year ‘golden’ licenses and 5-year ‘silver’ licenses.
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CBUAE Holds Base Rate: What does this mean for your business
- 04.05.2024
- Posted by: Uwe Hohmann
- Category: Middle East
The Central Bank of the UAE has maintained its Base Rate for the Overnight Deposit Facility at 5.40%, signaling stability and control in the monetary environment, crucial for the country’s economic balance.
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UAE Corporate Income Tax Regulations: Accounting Standards and Tax Obligations
- 26.04.2024
- Posted by: Uwe Hohmann
- Categories: Tax, Middle East
Businesses operating in the UAE must align their accounting practices with the standards set by the Federal Tax Authority to avoid penalties and optimize tax positions.
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Exploring Business Opportunities in the UAE Tourism Sector
- 20.04.2024
- Posted by: Uwe Hohmann
- Category: Middle East
The projected increase in employment and visitor spending within the UAE’s tourism sector for 2024 offers opportunities for entrepreneurs to establish and expand businesses in hospitality, travel, and related services.
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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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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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Inflation Decrease in Dubai
- 20.03.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
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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Accounting Standards in Dubai
- 11.03.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
Businesses in Dubai are legally required to maintain accurate financial records, prepare annual financial statements in accordance with IFRS, undergo annual audits, ensure VAT compliance, and retain records for a specific period
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UAE: Impending Exit from FATF Grey List
- 08.03.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The UAE is set to exit the FATF’s “grey list” after addressing deficiencies in its AML, CTF, and anti-proliferation financing frameworks, promising smoother international transactions for MNCs.
