Blog
DIFC Transforming UAE as a Global Financial Hub
- July 19, 2021
- Posted by: Vimal Hemachandran
- Category: Blog
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Established in 2004, Dubai International Finance Centre (DIFC) marked the start of the UAE’s transition into one of the world’s top financial centers. The DIFC was established in line with Federal Decree No. 35 of the United Arab Emirates (UAE) ..
100% foreign ownership on UAE mainland; date of commencement Announced
- May 23, 2021
- Posted by: Aswani
- Category: News
One of the most anticipated law amendments in the UAE, offering 100 percent ownership to foreign investors on mainland, will come into effect from June 1st, 2021.
Dubai Airport Free Zone Authority (DAFZA) To Support Trading of Crypto Assets
- June 14, 2021
- Posted by: Aswani
- Category: News
Dubai Airport Free Zone Authority (DAFZA), one of the most prestigious and advanced free zones in Dubai, has recently entered the crypto-assets market.
DAFZA overcomes covid impact with a trade of $32 billion
- May 17, 2021
- Posted by: Aswani
- Category: Blog
The Dubai Airport Free Zone (DAFZA) has announced that its non-oil trade has hit AED 119 billion, in the year 2020. The free zone of DAFZA is accountable..
Dubai’s Non-oil Foreign Trade hits 1 trillion in 2020
- April 18, 2021
- Posted by: Aswani
- Category: News
Dubai has recently announced that their non-oil foreign trade has hit 1.182 trillion in the past year even in spite of the economic slowdown caused by the pandemic.
Ministry of Economy Extends deadline for AML Registration
- April 15, 2021
- Posted by: Aswani
- Category: News
UAE’s Ministry of Economy has extended the deadline for registration of AML for companies under the section of “specific non-financial business and professions” till the end of April.
UAE issues remote working Residency visas and Multiple-Entry Tourist Visas
- March 29, 2021
- Posted by: Aswani
- Category: News
The UAE cabinet has approved of issuing self-sponsored residency and tourist visas. As the world approves of the remote working culture, UAE cabinet in their recent meeting
Artists and Social Media Influencer’s promotional services to be included in VAT
- March 13, 2021
- Posted by: Aswani
- Category: News
The services of artists and social media influencers (SMIs) are subjected to Value Added Tax (VAT), as per the latest Basic Tax Information Bulletin issued by the Federal Tax Authority (FTA).
Dubai Extends Support for the Growth of Private sectors
- February 27, 2021
- Posted by: Aswani
- Category: Blog
The global pandemic has had a great impact on the working of different sectors and as businesses aim to get back on their feet, the Dubai government have been offering numerous incentives for them.
ESR Compliances Require Strict Adherence, Says Experts
- February 15, 2021
- Posted by: Aswani
- Category: News
UAE Ministry of Finance had announced the details of the Cabinet Resolution No. (57) Of 2020 with regard to the Economic Substance Regulations (ESR) in August 2020.