Home › Blog › Page 2

Blog

Everything you need to know about Dubai - how life and culture in the emirate is organised, work and investment opportunities, instructions and guides on how to apply, extend, buy, etc.

The Emirates Ministry of Economy has launched a register of family companies

The UAE Ministry of Economy (MoE) has announced four new cabinet resolutions in the family business sector. Resolution No. 109, dated 2023, involves the launch of a unified registry of family businesses in the country. The other three decrees [...]

Published on January 12, 2024 11:40

Individuals with business income in the UAE of AED 1M (USD 272K) or more per annum, must register for corporate tax payment

The UAE Federal Tax Authority (FTA) has developed guidelines on corporate taxation. According to the document, individuals with business income of at least AED 1M (USD 272K) must register for corporate tax. This applies to both residents and [...]

Published on January 4, 2024 07:44

The UAE is introducing free mandatory licences for private tutors

The UAE Ministry of Education (MoE) and the Ministry of Human Resources and Emiratisation (MoHRE) have collectively introduced a new licence for anyone who conducts private tutoring outside of schools and colleges. Not only are professional [...]

Published on December 20, 2023 11:01

A new bankruptcy law in the UAE is aimed at concluding an amicable agreement between debtor and creditor in the event of unpaid debts

The UAE has adopted a new bankruptcy law that will come into effect as of May 1st, 2024. The amendments to the law are aimed at protecting the interests of all parties involved and resolving conflicts as amicably as possible. The goal is to [...]

Published on December 14, 2023 11:38

Ras Al Khaimah will reduce licensing fees for small and medium-sized business by 25%

Sheikh Saud bin Saqr Al Qasimi, the ruler of Ras Al Khaimah and a member of the Supreme Council, has ordered a 25% reduction in the cost of licensing for small and medium-sized businesses in the emirate. This decision is just one of the measures [...]

Published on December 8, 2023 16:57

By 2025, the UAE investment technology market is expected to see a 145% growth

The market for technology, which is aimed at making investing in the UAE more accessible and convenient, is predicted to grow 145%, reaching AED 1.19B (USD 325M) by the year 2025. The number of companies in this field is expected to grow by a [...]

Published on November 24, 2023 15:49

Accounting in the UAE must now be accordance with International Financial Reporting Standards

The UAE has unified the rules and regulations regarding accounting – only International Financial Reporting Standards (IFRS) can be used. This rule is stipulated in the UAE Ministry of Finance Ministerial Decision No. 114 of 2023. This [...]

Published on November 15, 2023 17:51

The UAE Ministry of Finance has approved new tax rules regarding income from intellectual property and stock market trading

In November 2023, Cabinet Decision No. 100 and Ministerial Decision No. 265 were issued by the UAE Ministry of Finance which established new tax rules in connection with income earned from intellectual property and stock market trading. These [...]

Published on November 9, 2023 17:35

A 3.2% growth in Dubai’s economy in H1 2023

On October 15th, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and the Chairman of the Dubai Executive Council, posted a tweet about the strong performance of Dubai’s economy. The economy has achieved a tremendous [...]

Published on October 18, 2023 13:57

Dubai attracted AED 20.87B (USD 5.68B) in foreign direct investment in 511 new projects in the first half of 2023

From January to June of 2023, the emirate of Dubai attracted AED 20.87B (USD 5.68B) in foreign direct investment (FDI) in new greenfield projects. The emirate’s share of global greenfield FDI nearly doubled from 3.83% in the first half of 2022 [...]

Published on October 10, 2023 15:33