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UAE Removed from EU Blacklist: A New Era of Opportunity for Businesses

September 18, 2024

In a significant development for businesses and investors, the UAE was removed from the EU Blacklist of Non-Cooperative Jurisdictions for Tax Purposes in 2019, marking a pivotal shift in its global standing. The UAE took specific measures in its journey towards compliance, highlighting its commitment to international tax standards, transparency and cooperation. In this post, we will explore the benefits of being off the EU blacklist, including improved investor confidence, easier access to European markets and the reduced risk of reputational damage for businesses operating in the UAE. Additionally, we will outline the numerous advantages of establishing a company in the UAE, from its strategic location to its favourable tax regime, making it an increasingly attractive destination for global investors

An In-Depth Look at UAE Free Zones

August 14, 2024

Once a town surrounded by swathes of desert, Dubai is now arguably the world’s greatest business destination for start-ups, investors, entrepreneurs and corporations. Key to this transformation is the Emirati government’s commitment to introducing a solid and comprehensive set of business structures and jurisdictions, including UAE free zones, for entrepreneurs looking to set up their business in the UAE and Dubai. From mainland to offshore and free zone, there are countless options available, guaranteeing a structure and jurisdiction that will perfectly suit your company requirements and personal circumstances. In this post, we’re going to delve a little deeper into UAE free zones, starting with what they are, the best free zone in UAE and the benefits of free zones. Keep

Real Estate Trends in Dubai 2024

November 22, 2023

If you’re thinking about relocating to Dubai, you’re sure to know all the benefits of the Emirate. There’s the favourable business environment and world-class infrastructure, the finetuned visa regulations with options for long-term residency and, of course, the luxurious lifestyle defined by glamourous beaches, starred restaurants and some of the best shopping in the world. All this makes the UAE an ideal place to settle over the long term: purchasing a property is an important part of feeling at home. In this post, therefore, we’re going to delve into the Dubai real estate market, analyse the real estate price trends for the past few years and cast our eye forward to 2024. Dubai real estate trends over recent years First, let’s take a look

UAE Corporate Tax Law Update: Exemptions for Public Benefit Entities

May 11, 2023

The UAE Ministry of Finance recently announced the implementation of a new corporate tax law, which provides exemptions for qualifying public benefit entities. This decision aims to support organisations that work for the betterment of society by ensuring they are not burdened with corporate taxes. What are Qualifying Public Benefit Entities? Qualifying Public Benefit Entities are organisations that contribute significantly to the UAE’s social fabric by focusing on activities related to public welfare, philanthropy, community services, and corporate and social responsibility. These entities primarily engage in areas such as: Religion Charitable work Science Education Culture Eligibility for UAE Corporate Tax Exemption To be eligible for the UAE Corporate Tax exemption, public benefit entities must meet the following criteria: Fulfil the conditions specified in Article (9)

Everything you need to know about the new UAE Corporate Tax

January 12, 2023

The UAE tax regime is renowned around the world for promoting business development. In 2023, there will be a change to the current system with the introduction of a new Corporate Tax. The move is a landmark moment for UAE tax policy administration and offers companies – and the seven Emirates – new strategic opportunities. His Excellency Younis Haji Al Khoori, Undersecretary of Ministry of Finance, underlined this point: “As a leading jurisdiction for innovation and investment, the UAE plays a pivotal role in helping businesses grow, locally and globally. The certainty of a competitive and best in class Corporate Tax regime, together with the UAE’s extensive double tax treaty network, will cement the UAE’s position as a world-leading hub for business and investment. The introduction of a Corporate Tax regime

UK and UAE Improve Relationship with New Regulations

October 27, 2022

The partnership between the UAE and the UK has never been stronger. With an estimated 240,000 Brits living in the UAE, effective and bilateral economic relationships have always been a necessity. However, recent actions are seeking to strengthen that partnership even further. UK – UAE Partnership As the world becomes increasingly more globalised, remote work becomes a legitimate possibility and the UAE’s economy strengthens, more and more UK citizens are moving to the UAE to take advantage of attractive policies and opportunities. This has led to a number of benefits, such as a more international population in the UAE and new business opportunities. However, the two different legal systems and cultures have led to some confusion. Partnership for the Future (PftF) This 2021 agreement between the UK and