COVID-19 has already triggered wide-scale damage, both locally and internationally, to many sectors. Although attempts are underway to avoid the spread and effects of COVID-19, for several months to come, the financial and social effects of the virus will be felt. As firms come to grips with operating from home and the new world in…
DetailsBusinesses in the UAE and Israel have been taking full advantage of a historic deal between the two countries signed in mid of August, as previously untapped markets become open for business. The news has led to a slew of deals in recent weeks, with the establishment of a business council and signing of finance,…
DetailsIn order to align the entire region with global standards in the prevention of base erosion and profit/income shifting (BEPS), the UAE government introduced the Economic Substance Regulation (ESR). Economic Substance Regulations (ESR) have been enacted by the UAE and apply in all jurisdictions of the UAE, including financial free zones such as the DIFC.…
DetailsThe United Arab Emirates (UAE) has been associated with oil and lavish tourism for decades. Yet, the UAE may exceed Silicon Valley’s technological prominence in the next 10 years. Dubai also has a strong history of the pioneering digital revolution in the Middle East. Now, in a bid to make it the world’s first blockchain-powered…
DetailsYou have several configuration types to pick from when incorporating a business in Dubai and the UAE. You can set up a mainland company or a free zone company if you’re trying to establish a business to trade from or within the UAE. However, you might establish a UAE Holding firm if you are trying…
DetailsPeople are traveling frequently in today’s day and age and are becoming pragmatic on where they choose to live and function. In modern-day countries with minimal to no taxes is becoming increasingly common, this is a consequence of the value it holds over those places that have a high consistent tax bracket. The UAE is…
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