The UAE has introduced the Blue Residency, a 10-year visa for environmental supporters who have made efforts to protect the environment globally, as part of its sustainability initiatives for 2024.

The UAE is set to revolutionize its business licensing structure by introducing 10-year ‘golden’ licenses and 5-year ‘silver’ licenses.

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.

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

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.

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.

The Federal Tax Authority’s Decision No. 3 of 2024 introduces specific registration timelines for taxable persons under UAE Corporate Tax, effective from 01.03.2024, with penalties for non-compliance.

The introduction of transfer pricing regulations in the UAE highlights the need for companies to ensure transactions between entities are conducted at arm’s length, aiming for transparency and compliance in international business operations.

The Dubai International Financial Centre (DIFC) has reported a 15% increase in job creation and a 26% year-on-year increase in active companies, with revenues and operating profits rising by 23% and 27%, respectively.