In a major relief for businesses, the United Arab Emirates’ Federal Tax Authority (FTA) has started implementing a new Cabinet Decision to waive administrative penalties for companies that failed to register for corporate tax on time—provided they meet certain conditions. This move is designed to support voluntary compliance and simplify the country’s evolving tax system.…
Dubai Multi Commodities Centre (DMCC), the UAE’s premier free zone and global trade hub, has introduced two new license categories—Special Purpose Vehicle (SPV) and Holding Company licenses—designed to provide businesses with more agile and cost-effective structuring options. Announced on May 5, 2025, the new offerings enable investors and companies to manage assets, oversee regional operations,…
In a major initiative to strengthen the future of family-owned enterprises, the Dubai Department of Economy and Tourism (DET), in partnership with the Dubai Centre for Family Businesses under Dubai Chambers, has officially launched a comprehensive guide titled Family Businesses in the Emirate of Dubai: A Guidebook. Unveiled during the opening session of the Centre’s…
In a landmark move set to transform digital finance, three leading UAE entities — International Holding Company (IHC), ADQ, and First Abu Dhabi Bank (FAB) — have announced the launch of a new stablecoin backed by the UAE dirham. The initiative, revealed on Monday through a joint statement on the Abu Dhabi Securities Exchange, will…
Starting a real estate business in Dubai presents a unique opportunity within the thriving real estate market of the UAE. Whether you aim to establish a real estate brokerage firm or become a successful real estate agent, understanding the business setup process is crucial. From obtaining a real estate brokerage license from the Dubai Land…
Businesses managing the distribution of goods within or through UAE’s designated free zones can soon expect clearer regulations on how corporate tax applies to them. In a move that underscores the country’s ongoing commitment to transparency and a business-friendly environment, the Federal Tax Authority (FTA) will introduce updated guidelines to help these companies better understand…