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Everything you need to know about living, working and growing in the UAE
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…
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…
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…
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…
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…
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)….
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…
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…
Chapter Forty-Seven: Why you should re-domicile your company to the UAE UAE has numerous free zones and other types of jurisdictions, each with separate laws for operation and domicile, and has become an attractive location for domiciliation. Re-domiciliation (migration) is…
Chapter Forty-Six: ESR Audit — what is the Process? With the issuance of the new Cabinet Resolution No. 57 of 2020 concerning Economic Substance Requirements (“Regulations”) on 10 August 2020, the Federal Tax Authority (“the FTA”) becomes the National Assessing…