Abu Dhabi has introduced a fresh set of regulations for the establishment and operation of endowment companies in the emirate. This new framework, announced on February 17, 2025, is a collaborative effort between the Abu Dhabi Department of Economic Development (ADDED) and the Endowments and Minors’ Funds Management Authority (Awqaf Abu Dhabi). The regulations aim…
His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has signed a new law introducing a 20% corporate tax on businesses involved in extractive and non-extractive natural resources. The initiative aims to strengthen fiscal management and ensure compliance within the emirate’s resource sectors. Extractive companies engaged in oil,…
The Abu Dhabi Department of Economic Development (ADDED) has introduced a strategic policy allowing businesses from other UAE emirates to set up in Abu Dhabi Mainland without the requirement of a physical office for the first year. This initiative aims to attract more investment, reduce setup costs, and foster a seamless business environment in the…
The International Free Zone Authority (IFZA) has partnered with RAKBANK to provide custom banking solutions for businesses in the UAE. This strategic collaboration aims to simplify financial management for entrepreneurs, startups, and international companies operating in the UAE. The official announcement took place at IFZA’s Dubai headquarters, where top executives from both organizations gathered to…
We do not offer blue visa services for UAE citizens. This blog is for informational purposes only. Please refrain from contacting us regarding visa assistance! The United Arab Emirates (UAE) has taken a groundbreaking step in environmental sustainability by introducing the Blue Visa, a 10-year residency permit for individuals making exceptional contributions to environmental protection.…
The Federal Tax Authority (FTA) has issued a reminder to individuals conducting business activities in the United Arab Emirates (UAE) to complete their Corporate Tax registration by March 31, 2025. This requirement applies to those whose business turnover exceeded AED 1 million during the 2024 calendar year or in subsequent years. Failure to meet this deadline…