Recent past has seen reduction in oil and petroleum prices that alarmed the countries depending solely or heavily on oil & gas. These nations started taking measures to minimize the eminent effects of this change on their economies. UAE is one among these countries. Apart from diversification of its economy (Dubai is already hub of…
The preparations for upcoming Value Added Tax (VAT) are underway in UAE and now in a latest move, the government has started registration for tax agents and tax accounting software vendors. According to details, the Federal Tax Authority (FTA) has opened registration for tax agents and tax accounting software vendors. Minimum three years of experience…
Dubai has transformed into a global city due to its status of being one of the world’s most business-friendly and tourism supported cities. Dubai’s economy is consistently growing in recent years and it is an important reason that entrepreneurs from around the world are ready to invest in different sectors of Dubai. In order to…
Dubai has one of the highest percentages of expat population in the world as more than 85% population of the city consists of foreigners. They are residing in the emirate to take advantage of the lucrative business and job opportunities available in Dubai. As compared to several other locations, expats want to live as long…
Since past several decades, Dubai is leading the economy in GCC despite being deprived of oil and energy. Dubai achieved this status mainly due to business and tourism industry and its reliance on diverse economy for long term. The trend is not going to change in the near future also and it will rather accelerate…
The date of implementation of Value Added Tax (VAT) in UAE is approaching and now things are getting clearer about the items that will come under VAT. Several speculations are coming to an end with few clear announcements recently made by UAE government. Few days ago, one such announcement was made by the related ministry…
