UAE is known for providing best and favorable business opportunities for businesses around the world. Apart from that, the country is also known for political and economic stability. It is the reason that entrepreneurs from around the world are heading towards UAE (especially Dubai) for taking advantage of immense business opportunities. Apart from that, many…
Over half month has passed since the implementation of Value Added Tax (VAT) in UAE (and Saudi Arabia). The newly implemented tax has affected businesses all over the country. Not only that tax is applied on the businesses on mainland but it is also laid on several free zones. UAE is a business hub where…
Value Added Tax (VAT) has taken effect in UAE since 1st of January 2018. The tax is laid on most of the services and goods and a rather complete list of tax-affected items was issued by UAE government before implementation of tax. But the list was not a comprehensive one and there was some ambiguity…
A week has passed since the implementation of value added tax (VAT) in UAE. Most of goods and services are slightly affected with the implementation of this new tax. But it seems that both common people and entrepreneurs have gladly accepted the slight increase of prices of various products and services as they are hopeful…
A new era has started in UAE and Saudi Arabia on 1st January 2018 with the implementation of value added tax (VAT). It is the first time that such tax was implemented in the Gulf region. There was much concern and anxiety among masses after the announcement of tax last year as people were not…
Dining out is an important feature of Emirati lifestyle. It is more prominent in big cities like Dubai, Abu Dhabi and Sharjah where large numbers of foreigners are residing and food items from various parts of the world is served in restaurants. It is the reason that hotel and restaurant business is growing steadily in…