International Business Company/Corporation (IBC) is a type of offshore company that is established in few exclusive jurisdictions (tax havens) under the laws of that locality. Such corporations are either tax free or liable to very little tax. There are few restrictions on such companies in few jurisdictions. It is important to note that not all…
Since past several decades, Dubai is leading the economy in GCC despite being deprived of oil and energy. Dubai achieved this status mainly due to business and tourism industry and its reliance on diverse economy for long term. The trend is not going to change in the near future also and it will rather accelerate…
The date of implementation of Value Added Tax (VAT) in UAE is approaching and now things are getting clearer about the items that will come under VAT. Several speculations are coming to an end with few clear announcements recently made by UAE government. Few days ago, one such announcement was made by the related ministry…
Business opportunities in Dubai are available on different levels for professionals and entrepreneurs in every field. There is a lot of space in Dubai mainland to set up a business of almost any type. But if you want to retain 100% shares of your company (an Emirati sponsor will hold 51% shares of a foreign…
UAE remained almost a tax free country since past several decades. It was not only due to the revenue it generated from oil and petroleum export but even emirates with less oil resources (e.g. Dubai) retained its economy free from taxes in order to attract entrepreneurs and tourists from all parts of the world. Due…
The exhibition season in Dubai has started and now events and exhibitions of international level are organizing one by one in Dubai. In the coming days, several such events will be organized in order to progress business opportunities in Dubai and also help local and international brands to introduce their products to consumers from different…