What is FATF GREY List ?
The FATF Grey List, officially called the ” Jurisdictions under Increased Monitoring” by the Financial Action Task Force (FATF), is a list of countries that have been identified as having strategic deficiencies in their anti-money laundering (AML) and counter-terrorist financing (CFT) regimes. These countries are actively working with the FATF to address the identified deficiencies […]
How to Select a Free Zone that Suits your Business Needs?
Selecting the right free zone for your business in the United Arab Emirates (UAE) involves several important considerations. Here’s a step-by-step guide to help you choose the most suitable free zone for your needs, this involves a through understanding of internal assessment & external assessment can done by yourself or by hiring an experts like […]
Difference Between a Free Zone Company and a Mainland company in UAE
Particulars Mainland Free Zone Ownership In the mainland, foreign investors can own up to 100% of their business. This means they can have full control and ownership of their company without the need for a local sponsor or Emirati partner. Businesses established in free zones are typically restricted to conducting business within the free zone […]
Tax implementation in UAE
VAT in UAEÂ On January 1st, 2018, the United Arab Emirates (UAE) imposed a value-added tax (VAT). The standard rate of the VAT, which is a tax on the consumption of goods and services, is 5%. The government of the UAE is attempting to diversify the economy and lessen reliance on oil revenues by implementing […]
How Dubai is Global Business Hub
Dubai has positioned itself as a global hub due to several key factors, including its strategic location, world-class infrastructure, business-friendly environment, and diversified economy. Strategic location: Dubai is situated at the crossroads of Europe, Asia, and Africa, making it a natural hub for trade and commerce. The city has become a major transit point for […]
Golden Visa in Dubai and its impact on the Economy
Dubai Golden Visa and its impact on the Economy By providing them with long-term residency visas, Dubai’s Golden Visa program hopes to draw in overseas investors, businesspeople, and talented individuals. The program was introduced in 2019 and has significantly boosted Dubai’s economy. Here are some ways in which the Golden Visa program has impacted the […]
Economics _ United Arab Emirates
The United Arab Emirates (UAE), which has a high per capita income and a diversified economy, is one of the richest nations in the world. Although the oil and gas sector dominates the UAE economy, the government has recently made significant efforts to diversify it. The free market economy of the UAE places a big […]
Dubai’s Tax System
Dubai features a tax structure that is intended to attract businesses and investments from worldwide. The UAE levies a 9% corporate tax on enterprises operating in Dubai for those entities that are having a profit of USD 100,000. The UAE does not collect personal income tax. The majority of goods and services in Dubai are […]
Dubai Free Zones
In the city of Dubai, United Arab Emirates (UAE), there is a designated region known as the Dubai Free Zone where organizations are permitted to operate with 100% foreign ownership and can take advantage of certain tax breaks and other perks. There are over 30 free zones in Dubai, each of which caters to a […]
Dubai contribution to the world
Dubai has significantly impacted the world in a number of ways, including Business and commerce: Dubai has become a significant center for worldwide trade and commerce. Along with its top-notch infrastructure, the city’s strategic location between Europe, Asia, and Africa has attracted enterprises and entrepreneurs from all over the world. Tourism and hospitality: Because to […]
