UAE is hub of business in MENA region and occupies an important place among the business-friendly countries in the world. The country achieved this status mainly due to efforts of the emirate of Dubai that took initiative in adopting innovative policies for entrepreneurs and they are continuously improving these policies. A new such step is…
UAE is not only providing best business and job opportunities for locals and foreigners but the country is also in effort to make best business environment for both company owners and staff. Every now and then, new rules and regulations are introduced to create harmony and better relations between employers, employees and authorities and make…
After two months of implementation of value added tax (VAT) in UAE, now the time has come for the government to receive its initial share of the tax. Recently, Federal Tax Authority (FTA) in UAE has announced the last date for submission of tax returns for businesses registered for VAT (value added tax). According to…
In recent past, we have seen lots of news that reveal the increase in business activities in UAE due to certain measures taken by the UAE government. It is especially important due to the fact that there were dangers of decline in business activities amid the implementation of VAT in UAE. But instead, the reports…
The concept of cryptocurrency is not new. They are in the international market since past two decades. But it gained popularity few years ago in 2009 after the introduction of bitcoin, world’s first decentralized cryptocurrency. This cryptocurrency even reached the level of around 12,000 USD. Few other cryptocurrencies are also quite popular including Ethereum, Ripple…
There are hopes and concerns after implementation of value added tax (VAT) in UAE. It was expected that the newly applied tax will impact negatively on businesses in UAE in earlier stages and its benefits will be seen after few months. But now it seems that dangers of negative impacts of VAT were not so…