The time for implementation of Value Added Tax (VAT) is approaching in UAE and now the ruler of Dubai (who is also PM and vice president of UAE), Sheikh Mohammad bin Rashid Al Maktoum, has signed Executive Regulation on VAT. According to this regulation, 5% VAT will be imposed from 1st of January 2017 on…
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…
A recent survey by a global online market research company and a leading job site shows that Dubai and Abu Dhabi are ranked as the top cities in MENA (Middle East and North Africa) region by living and working standards. Both the Emirati cities remained on top for almost all the factors included in the…
Kiosks Dubai is an international city where opportunities of businesses of every type and size are immense. New buildings are constructed continuously and they provide opportunities for business for both big and small entrepreneurs. Despite the availability of several business apartments, one may find it difficult to get a place to set up a business. On…
The era of tax exemption in UAE is over now thanks to the continuous fall of oil and petroleum prices in international market since 2014. The effect is most prominent in GCC countries and UAE is one among them where the governments are finding it difficult to retain the same level of tax free economy…
Dubai is known as a tax haven as all the businesses and services are virtually tax and duty free. But that doesn’t mean that you will not be charged for anything in Dubai. There are several other charges that are nuisance for people residing in UAE and one among them is the car parking fee.…