Economics - EEG Web

How Will Golden Visa Requirements Boost the UAE’s Business Ecosystem for Investors?

November 18, 2021

The UAE is a country that has grown tremendously over the last 50 years. Today, the country is one of the most sought out Middle Eastern countries by foreign investors, entrepreneurs and expats looking for a better lifestyle. In this article, we’ll discuss how to obtain an investor visa in the UAE and the impact the programme has had on the economy. The country offers excellent opportunities for those who are looking to start their business and build their empire, especially in Dubai. With the recent introduction of the UAE Golden Visa Programme, foreign business leaders who have a base in the UAE are being recognised for their years of service. More than 400 investors and businessmen have been granted the

Looking for Improved SME Funding? Here’s How Dubai Will Help

October 14, 2021

While we know that Emirati economic policies are aimed at promoting business activities, we may often associate that with large multinational corporations setting up operations in Dubai, Sharjah or Abu Dhabi. But, what if we told you that SMEs are the engine that power the economy of the United Arab Emirates? SMEs power the Emirati economy, but they have trouble accessing funds At first glance, the numbers may appear surprising. More than 94 per cent of all enterprises currently in operation in the UAE are SMEs; this sector of the Emirati economy is responsible for jobs for more than 86 per cent of the UAE’s private sector workforce. When we remove oil from the equation, these companies contribute to over 60 per cent

Is the UAE Riding a Post-Pandemic Boom?

August 26, 2021

As vaccines become more widespread and the world slowly reopens, many nations are facing the challenge of recovering post-pandemic and addressing the changes that occurred over the past year and a half. The UAE is uniquely positioned to come out of the pandemic as a world leader, thanks to a number of initiatives that ensured that the pandemic’s impact on the nation was as small as possible. The UAE topped many lists ranking the reactions of countries to the pandemic. Some of the initiatives launched by the UAE during the pandemic were: Quick and immediate lockdown in the beginning of the pandemic: by establishing a lockdown in the early stages of the pandemic last March, the UAE was able to limit the spread of the

Investment in the UAE: A Top Global FDI Destination in 2021

June 10, 2021

With over two decades of business experience in the UAE, we highly encourage anyone interested in making an investment in this dynamic country to do so. So, why should you pursue business investment opportunities in the UAE? Here’s some data about how the country sits among the top foreign direct investment (FDI) destinations in 2021. The UAE’s performance in the FDI Confidence Index The management consulting firm Kearney publishes a Foreign Direct Investment Confidence Index Ⓡ surveys and asks investors about their sentiment towards directly investing in some of the world’s most prominent and up-and-coming economies. The 2021 rankings inevitably showed the impact the COVID-19 pandemic had on many emerging markets, with the UAE as one of the only countries fitting this description still making the rankings. The UAE

Dubai Residency for Tax Benefits

February 10, 2021

You already know that lots of benefits await you as an incorporated company in the UAE, but have you heard about tax residency benefits for efficient tax planning? These benefits specifically apply to those who either live in the UAE for 180 days a year or have operated a company in the UAE for at least for one year. And what are the benefits of this tax residency? Well, you can plan on enjoying the advantages of Double Taxation Agreements, tax incentives, and tax benefits. The two main tax benefits of having residency in the UAE are: 0% corporate tax rate 0% income tax rate How to Obtain a Tax Residency Certificate in the UAE Although there are a few ways to obtain a tax

New Steps to Bolster Gold Trading in the UAE

November 11, 2019

The Emirati cabinet recently announced a new policy aimed at boosting gold trading in the country. With gold and jewellery trading responsible for 20% of the United Arab Emirates’ non-oil exports, it’s no wonder that the authorities have worked to implement policies aimed at positioning this part of the commodities trade firmly. What changes are to come? We’ll explain the measure they introduced in this announcement. A new answer to “how to trade gold in the UAE” The new UAE government policy for the gold trade consists of a federal platform governing the gold trade and the tracking of gold sources. While the gold trading platform led off the press stories about this new policy, the manoeuvre was just one of the ten strategic initiatives that