UAE and Saudi Arabia are the two gulf nations set to implement value added tax (VAT) from 1st of January 2018. There is lot of concern and research on this topic in UAE by residents and entrepreneurs as they are still not completely aware about the situation. It is due to the emergence of conflicting…
UAE is continuously driving its efforts to diversify its economy in order to reduce the effects of oil crisis. Fortunately, few emirates (especially Dubai) had already developed several other sectors even before the emergence of 2014 oil crash. One such example is the travel and tourism industry. Apart from building beautiful and unique structures, UAE…
A new fee structure for work permit has been enforced today in UAE by the Ministry of Human Resources & Emiratisation (MOHRE) after its approval by cabinet recently. According to new regulations, the companies will now be divided in three categories according to cultural diversity and the skill level of their workers. According to details,…
In one of our previous articles, we told you about the benefits and procedures of setting up business in Dubai Media City (DMC). But Dubai is not the only emirate that is providing facilities for the media and telecommunication sector through designated free zones. Other emirates are also providing facilities of various free zones and…
According to a latest report by the Legatum Institute (a UAE based private investment firm), UAE has retained its position as the most prosperous country in the whole Arab world while the living standard of people of UAE in the last decade has improved more than any other country in the world. As a result,…
The government of UAE is determined for the implementation of value added tax (VAT) on due date (1st January 2018) and it is evident from the latest incident in which a plea from an influential businessman and head of a federation was rejected by the government. Just few days ago, chairman of the UAE Banks…
