Investing in the United Arab Emirates (UAE) is quite straightforward, and is encouraged by a business-friendly legal, regulatory, and financial environment. As one of the world’s freest economies with a globally-minded business culture, the UAE is a stable, investor-friendly global hub. Opening a bank account for business, as one of the most important steps to
Introduction Dubai is the second largest out of the 7 United Arab Emirates (commonly known the UAE). Known for its luxurious lifestyles, modern architecture and bustling nightlife, Dubai is becoming home for the vast number of expats migrating there everyday. Over the past three decades, Dubai has come a long way in terms of improvement
Companies which aim to do business in the UAE and individuals who intend to work in the country will encounter the need to deal with certain important key points regarding the duties and obligations on labor and social security. In fact, awareness of such matters is essential to be in compliance with the current relevant
The UAE’s Steady Growth Post-Pandemic Introduction The United Arab Emirates (UAE) was one of the first of the Emirates that encountered cases of COVID-19 on its home turf. This country, with a population of 3.4 million, is considered to be one of the centers of the world, with many trade and cross border businesses
Intro The United Arab Emirates, known worldwide for its extremely favorable policies and attracting investors worldwide, has introduced a federal corporate income tax (CIT) which becomes effective from June 1st, 2023. The statutory CIT rate is set at 9% and within this article, we’ve outlined the existing tax framework of the UAE and assessed the
From January 1st 2022, the United Arab Emirates will align with the weekly calendar adopted internationally, which provides that weekends shall fall on Saturday and Sunday. Thus far (and until the end of this year), the Emirates, like other Arab countries, follow the Muslim calendar system. In accordance with the Muslim system, the day of rest
From January 1st 2022, the United Arab Emirates will align with the weekly calendar adopted internationally, which provides that weekends shall fall on Saturday and Sunday. Thus far (and until the end of this year), the Emirates, like other Arab countries, follow the Muslim calendar system. In accordance with the Muslim system, the day of rest
The closure of a business is the last stage of a company’s existence and it must be said that shutting down a company is more difficult than building it up. However, sometimes business owners may decide to close, sell, or transfer their businesses years in advance and have plenty of time to plan their exit
The global cryptocurrency markets are currently expanding at a steady pace with many financial institutions around the world of the view that cryptocurrencies may in fact be a substitute for traditional financial systems. The global cryptocurrency market size is likely to reach USD 1758.0 million by 2027, exhibiting a Compound Annual Growth Rate of 11.2%
