According to Agility Emerging Markets Logistics Index 2018, the UAE has been placed first in the region and third in the world in terms of market accessibility, connectivity and ease of doing business. According to the report, UAE is the leading destination in the MENA (Middle East & North Africa) region for quality of infrastructure,…
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…
Despite concerns about the effects of newly implemented value added tax (VAT) on businesses in UAE, the Department of Economic Development (DED) is confident that the new tax will impact positive changes on local businesses as well as on the economy of UAE as a whole. According to an official of DED, the implications of…
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…
Sharjah is the only emirate in UAE that has access to both west and east coast of Persian (or Arabian) Gulf. This strategic location is quite helpful for the most important northern emirate and it is using it for financial gain. Around 40% of industries in the UAE are located in Sharjah while it was…
Free zone is an important aspect of UAE and all the 7 emirates are trying to make full use of these free zones for their economic growth. One of the most important free zones is UAE is Ras al Khaimah Free Trade Zone (RAK FTZ). The specific free zone was established in 2000. Recently RAK…