UAE Allows VAT Refund For Tourists

UAE Allows VAT Refund For Tourists

The importance of tourism is undeniable for economy of UAE. It is one of the most important revenue-generating sectors in several emirates of UAE especially Dubai and Abu Dhabi. These and other emirates have made special structures, entertainment places to attract tourists from various parts of world. Along with that, best medical and educational facilities…

UAE Retains 1st Spot In Arab World For Innovation

UAE Retains 1st Spot In Arab World For Innovation

Since past several years, UAE has been on the surge for new discoveries and innovations on scientific, educational and business affairs. It is due to adoption of knowledge-based economy where more facilities are provided to professionals and talented persons in various fields. They are also allowing positive changes to make things easier for businesses. This…

Number Of VAT-Free Free Zones Increase To 23

Number Of VAT-Free Free Zones Increase To 23

The government of UAE has always tried to provide some additional advantage to companies present in free zones as compared to the businesses in UAE mainland. Through these additional benefits, UAE is trying to compensate for limitations of these free zones and attract more and more companies towards them. It is helpful in creating balance…

UAE Sees 2018 Fastest Non-oil Growth In June

UAE Sees 2018 Fastest Non-oil Growth In June

Several reports and statistics are confirming positive effects of UAE’s firm stance on growth of non-oil private sector. UAE has taken several steps to bolster this area in order to minimize its reliance on oil sector, especially after oil crisis 2014. For this purpose, UAE is trying to provide incentives and facilities to several other…

UAE Tops M.E. In Attracting Talent

UAE Tops M.E. In Attracting Talent

UAE is advancing rapidly towards altering its economic direction from moving towards knowledge-based economy instead of previous oil-based one. For this purpose, the government has taken several important steps in recent past. One really important step was providing 10 year residence visa for professionals and talented individuals of various scientific fields. Now, these measures have…

Sharjah – An Appropriate Place For SMEs

Sharjah – An Appropriate Place For SMEs

Dubai and Abu Dhabi are most prominent places in UAE for foreign investors and visitors. Most of the foreign entrepreneurs and investors seek business and residing opportunities in these two emirates (especially Dubai) whenever they want to start a venture in UAE. These two emirates also provide important incentives for foreign investors. But one thing…