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NEW VISA RULES FOR LONG-TERM RESIDENCY PERMIT

Chapter Forty-Four: UAE announces new visa rules for long-term residency permit: all you need to know These rules aim at retaining and attracting global talent, increasing the competitiveness and flexibility of the job market and fostering a sense of stability…

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UAE TO INTRODUCE FEDERAL CORPORATE TAX

Chapter Thirty-Seven: UAE to introduce Federal Corporate Tax (FCT) from June 2023   The Ministry of Finance announced that effective June 1, 2023, the UAE would introduce a FCT on business profits. Businesses will become subject to the 9% UAE corporate…

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Emirates Development Bank (EDB), Abu Dhabi Investment Office (ADIO) sign MoU to boost SMEs, startups, and large firms

Chapter Twenty-Seven: EDB, ADIO sign MoU to boost SMEs, startups, and large firms The Abu Dhabi Investment Office (ADIO) is the government entity responsible for attracting and facilitating investment in the Emirate of Abu Dhabi. ADIO enables opportunities for innovative…

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INTRODUCTION TO OFFSHORE LEGAL ENTITY IN THE UAE

Chapter Twenty-four: What does an Offshore legal entity stand for? An Offshore legal entity is defined as a legal business entity that operates outside its registered jurisdiction and place of ownership. Unlike a Free Zone company, which exists and operates…

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