Dubai Unveils Golden Visa Program for Superyacht Owners

Dubai has introduced a new Golden Visa for superyacht owners, offering them long-term residency and exclusive benefits. Announced by the General Directorate of Residency and Foreigners Affairs (GDRFA) on February 17, 2025, this initiative aligns with the city’s ongoing efforts to attract high-net-worth individuals (HNWIs) and bolster its status as a global leader in luxury…

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Sharjah Imposes 20% Corporate Tax on Natural Resource Companies

His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has signed a new law introducing a 20% corporate tax on businesses involved in extractive and non-extractive natural resources. The initiative aims to strengthen fiscal management and ensure compliance within the emirate’s resource sectors. Extractive companies engaged in oil,…

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IFZA Teams Up with RAKBANK to Offer Custom Banking Solutions for Businesses in the UAE

The International Free Zone Authority (IFZA) has partnered with RAKBANK to provide custom banking solutions for businesses in the UAE. This strategic collaboration aims to simplify financial management for entrepreneurs, startups, and international companies operating in the UAE. The official announcement took place at IFZA’s Dubai headquarters, where top executives from both organizations gathered to…

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