News
Dubai’s Non-oil Foreign Trade hits 1 trillion in 2020
- April 18, 2021
- Posted by: Aswani
- Category: News
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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).
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.
Dubai shows signs of Growth as Businesses Resumes to its Normal State
- January 19, 2021
- Posted by: Aswani
- Category: News
Dubai has been showing signs of improvement, amidst all the havoc the pandemic has created. The IHS Markit Dubai Purchasing Manager’s Index survey report shows that the non-oil economy
DMCC Attracts 2,025 New Companies Amidst the Pandemic
- January 6, 2021
- Posted by: Aswani
- Category: News
As the pandemic took the world by storm and left the countries in great distress, the UAE government had brought in many incentives to support businesses of all kinds.
UAE ESR Compliance Deadline Extended
- January 4, 2021
- Posted by: Aswani
- Category: News
The UAE businesses are all set to comply with the Economic Substance Regulations (ESR). Initially the deadline to submit the ESR notification and report was December 31st, 2020 and now this has been extended to January 31st, 2021.
FDI law and Free Zones in UAE
- December 13, 2020
- Posted by: Aswani
- Category: News
The UAE government recently came up with an amendment to the Commercial Companies Law by allowing 100% ownership to mainland businesses in UAE.
The positive impact of Commercial Companies Law Amendment
- December 10, 2020
- Posted by: Aswani
- Category: News
The recent amendment to the Commercial Companies Law in the UAE is expected to have a positive influence on foreign and domestic investments….
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