In December 2017, European Union blacklisted 17 countries for being tax havens and use of these locations by companies and individuals for money laundering, tax evasion and criminal activities. But after reviewing the steps taken by these countries in the later months, now the EU has decided to remove the names of 8 countries from…
Dubai is the most business-friendly emirate in UAE. It achieved this status especially with the extensive use of free zones that provide complete foreign ownership and tax-free environment to foreign investors. Dubai is currently holding 27 free zones out of a total 45 in the UAE. Few of these free zones in Dubai accommodate a…
The tax free era in UAE has now completely ended. With the start of taxes on various goods and services, people are getting introduction for paying extra on various items. The UAE government is also trying to reduce problems of common people by providing complete information about the goods and services affected by VAT (value…
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…
UAE is providing one of the world’s best experiences for offshoring. An important aspect of offshore business in UAE is its availability in various locations. Offshore business is provided by various emirates of UAE and all these emirates have their own rules regarding businesses. This is a unique opportunity available in the country as such…
