UAE remained almost a tax free country since past several decades. It was not only due to the revenue it generated from oil and petroleum export but even emirates with less oil resources (e.g. Dubai) retained its economy free from taxes in order to attract entrepreneurs and tourists from all parts of the world. Due…
Dubai is hub of business in the whole Middle East region. Due to its fame, investors from all around the world want to establish their business in Dubai in order to maximize their profit. They are eager to take advantage of the amazing business environment and tax free incentives provided by the government of UAE…
British Virgin Islands (BVIs) is a British overseas territory in the Caribbean. The area is known for providing one of the best and most secure business opportunities in the world. One such business prospect available in BVI is offshore business. This microstate is one of the world’s biggest providers of offshore business. BVI achieved this…
Value Added Tax (VAT) is the hottest topic in UAE nowadays. Businessmen, salaried persons and common people all are wondering about the impact on their lives after implementation of VAT. UAE and Saudi Arabia are two countries that have announced to implement VAT on various goods and services from 1st of January 2018 while other…
Currently, foreign investors in UAE are allowed maximum 49% ownerships for companies in mainland UAE (although there are no such restrictions in free zones). But the situation is expected to change in the first quarter of 2018 as the government of UAE is planning to introduce new law under which foreign investors will be allowed…
Dubai is one of few those cities in the world with high diversification in population. People from all around the world are residing in Dubai. Most of these people are entrepreneurs and investors that are in Dubai to take advantage of the tax free business economy of the emirate. Apart from that, large numbers of…