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TAX RESIDENCY CERTIFICATES … Latest Guidelines from March 2023

Chapter Fifty Seven: Tax Residency Certificates .. On February 22, 2023, the UAE MoF issued Ministerial Decision No. 27 of 2023 on Implementation of Certain Provisions of Cabinet Decision No. 85 of 2022 on Determination of Tax Residency. This latest…

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FOOD & BEVERAGE INDUSTRY UAE

Chapter Fifty Six: Food & Beverage Industry UAE The UAE has long been an attractive destination for global entrepreneurs. Professionals in the UAE can take advantage of numerous benefits. So, it comes as no surprise that this place attracts so…

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TAX RESIDENCY CERTIFICATES ..LATEST UPDATES

Chapter Fifty Five: Tax Residency Certificates. Latest Updates   1. What is a TRC? A TRC is a certificate issued by the Federal Tax Authorities. It confirms the status as a UAE resident in the context of a given Double…

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HOW DO YOU APPLY FOR A GOLDEN VISA IN DUBAI?

Chapter Fifty Four: How do you apply for a Golden Visa in Dubai? The 10-year Golden Visa has recently been updated and so have the eligible categories, if you’re interested in applying for the 10 Year Golden Visa but not…

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THE UAE’S NEW VISA SCHEME

Chapter Fifty Three: The UAE’S new Visa scheme   On the 3rd of October there was a new visa scheme released which introduces new residency tracks and entry permits, making exiting the UAE much more simplified.   Changes to the…

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IMPORTING AND EXPORTING OPPORTUNITIES IN DUBAI

Chapter Fifty Two: Importing opportunities in Dubai   Let’s talk about starting an import and export business in Dubai as we all know Dubai is a major hub for setting up business especially when it comes to trade, and the…

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UAE: EMIRATISATION RATES INCREASED IN PRIVATE SECTOR

Chapter Fifty One: UAE Emiratisation rates increased in private sector On Monday 9th May 2022, the UAE cabinet introduced measures to increase the rate of Emiratisation in the private sector to 2% annually. In accordance with the new ruling, mainland…

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NEW CLASSIFICATION OF PRIVATE COMPANIES

Chapter Fifty: New classification system for private sector companies from June 1st A new classification system for companies in the private sector which took effect on Wednesday June 01,2022, was announced by the Ministry of Human Resources and Emiratization (MOHRE)….

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ECONOMIC SUBSTANCE REGULATIONS (ESR)

Forty-Nine: ESR registration deadline The UAE’s Economic Substance Regulation (ESR) requires the activity of a business as stated in the business license to match its financial statement, with that ‘Relevant Activity’ determined in ‘substance’ rather than in form alone. Businesses…

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GOLD TRADING IN DUBAI

Forty-Eight: Starting a Gold Trading Business in Dubai. Gold trading has a long and rich history in the UAE – one that continues today. Recently, the UAE government outlined plans for a federal gold trading platform in a move aimed…

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