At the time of implementation of VAT (value added tax) in UAE, the tax was levied on almost all the goods and services in order to increase tax net. But with the passage of time, the govt. is taking a close look at the impact of VAT on different sectors and examining that whether the…
The swift and wise steps taken at the right time by rulers of UAE have helped the country to keep its economy stable even in difficult times. All the countries in the Gulf region suffered after 2014 oil crisis but the only country that was able to revive its economy to its previous level in…
The Gulf region is especially known for the abundance of oil and gas resources. The region is fulfilling most of the fossil fuels requirements of the world since past several decades. Due to this factor, the countries in the area were freely using these fossil fuels for their own energy requirements as it was available…
The new economic strategy of UAE is based on knowledge, education and modern technology. It is the main factor that dominates the policy of the government of UAE for economic growth. In contrast to most of the other regimes in the world, the government of UAE is known for taking rapid and solid steps for…
Several months have passed since the implementation of VAT (value added tax) that was aimed to drive the economy of UAE towards diversification. In order to gain maximum benefit and equally put the burden on all sectors, the tax was applied on wider scale on most of the products and services and very few sectors…
The business opportunities in all the emirates of UAE are thriving as the country is shifting its priority to non-oil sectors especially businesses. It is the reason that several big and small corporations are continuously expanding their businesses in UAE. Although all types of businesses have opportunities in the country, but not all businesses have…