There is no doubt that Dubai is the hub of business in the whole Gulf region and it provides best business opportunities among all the emirates of UAE. One such indication is the presence of a large number of free zones in Dubai. But it doesn’t mean that other emirates are devoid of such business…
DetailsNow it has been confirmed officially that price of petrol and gasoline will increase soon after the implementation of value added tax (VAT) from 1st of January 2018. The confirmation is made by Federal Tax Authority (FTA) for the first time. DG of FTA told while replying a question that petrol available from service stations…
DetailsThe UAE government is trying to increase the list of goods and services coming under the range of value added tax (VAT). According to details, VAT will also be applied on electricity, water and parking in residential and commercial areas with 5% flat rate. This latest news will surely upset citizens and residents of UAE…
DetailsDubai is a hub of business for entrepreneurs all around the world. The government is also making new developments in the city with the passage of time. One such example is the construction of Dubai South Free Zone. The specific free zone is a city in itself with the construction of various districts to cater…
DetailsEconomic prosperity is the main feature of UAE and the country is trying its best to retain its position as one of the world’s strongest economy. Several reports have confirmed that UAE is expected to accelerate its economic growth in near future despite facing difficulties amid global oil crisis. The latest conformation of UAE’s economic…
DetailsEstablishing a business in an offshore jurisdiction is a popular idea among wealthy all around the world. They do so to gain several benefits that are otherwise not available in any onshore location. Despite severe criticism, doing business offshore is a completely legal process and most of the individuals and companies having their businesses overseas…
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