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…
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…
Dubai Global Village is one of the world’s largest shopping and entertainment events that has been held on annual basis since 1996. The current Dubai Village event is underway since 1st November 2017 and it will remain open till 7th April 2018. In order to attract more and more citizens and tourists, the administration of the…
Despite concerns about the effects of newly implemented value added tax (VAT) on businesses in UAE, the Department of Economic Development (DED) is confident that the new tax will impact positive changes on local businesses as well as on the economy of UAE as a whole. According to an official of DED, the implications of…
Fujairah is one of the seven emirates of UAE. The geographical location of Fujairah makes it a unique one different from all other emirates. Fujairah is the only emirate present exclusively along the Gulf of Oman. All the other emirates are either located around Persian (or Arabian) Gulf or have access to both Persian Gulf…