Value Added Tax (VAT) was implemented in the UAE, which marked a fundamental shift in the taxation structure of the nation. On the majority of goods and services, a 5% VAT was imposed as of January 1st, 2018. While others are VAT-exempt, some goods and services are zero-rated. The UAE’s economic growth and diversification agenda has […]
Due to its booming economy, cutting-edge infrastructure, and pro-business regulations, Dubai has long been a desirable location for both businesspeople and investors. Those of you who intend to invest in Dubai should be pleased with their wise choice. However, you’ll need to acquire a business visa before you can begin your business operations.
Thankfully, compared to other […]
The flourishing economy of Dubai and its reputation as one of the world’s top business centers make it a desirable location for independent contractors. However, a lot of people who want to work as freelancers might not be aware of the legal requirements that must be met in order to do so in Dubai. Understanding the […]
Global media outlets have paid close attention to the UAE Ministry of Finance’s announcement regarding the introduction of Corporate Federal Tax (CIT) on corporate profits beginning on June 1st, 2023. The implementation of Corporate Tax is a critical step towards the nation’s goal of developing into a leading international business hub while promoting […]
