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UAE announces new 10-year Blue Residency visa
- 17.05.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
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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.
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UAE: New Bankruptcy Law – What You Need to Know
- 04.05.2024
- Posted by: Derya Bandak
- Categories: Dubai, Middle East
The UAE’s new Bankruptcy Law, effective from 01.05.2024, introduces a specialized Bankruptcy Court and an Insolvency Unit, broadens liability provisions, and adds a preventive settlement mechanism to enhance the efficiency of bankruptcy proceedings.
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UAE Talks About a 10-Year Golden Business License
- 04.05.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
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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Foreign Direct Investments in Europe on Decline
- 04.05.2024
- Posted by: Omar Sami
- Categories: Europe, Middle East
Europe’s Foreign Direct Investment dropped by 4%, influenced by economic uncertainties, energy security concerns, and a surge in regulatory measures across various sectors.
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Saudi Arabia’s GDP and Trade on the Rise
- 04.05.2024
- Posted by: Derya Bandak
- Categories: Middle East, Saudi Arabia
Saudi Arabia’s GDP rose by 1.3% in the first quarter of 2024, driven by growth in both oil and non-oil sectors, an example of economic resilience and diversification efforts.
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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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DIFC Courts Gain Popularity – Stronger and Faster Legal Solutions for Businesses
- 26.04.2024
- Posted by: Omar Sami
- Categories: Dubai, Middle East
The DIFC Courts handled more and larger cases than before in 2023, with the main court settling 111 cases worth AED 16.5 billion.
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Dubai – Leading Digital Economy Hub
- 26.04.2024
- Posted by: Derya Bandak
- Categories: Dubai, Middle East
Dubai has once again shown itself as a leader in digital innovation by attracting nine multinational companies, worth more than AED 304 billion.
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UAE Corporate Income Tax Regulations: Accounting Standards and Tax Obligations
- 26.04.2024
- Posted by: Uwe Hohmann
- Categories: Middle East, Tax
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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A Simple Guide to Understanding Your Rights and Duties with the FTA’s New Taxpayer Charter
- 20.04.2024
- Posted by: Omar Sami
- Categories: Dubai, Middle East, Tax
The FTA’s new Taxpayer Charter guarantees fair treatment, privacy, and access to accurate information, ensuring a transparent and equitable tax environment for all.
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