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In the first quarter of 2023, 137 companies in the UAE were fined a total of 65.9 million dirhams for non-compliance with anti-money laundering (AML) legislation. According to the Ministry… Continue reading 137 companies were fined in the UAE for non-compliance with AML legislation
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The Ministry of Finance of the UAE has clarified the peculiarities of corporate taxation in Free Zones
The Ministry of Finance of the UAE has issued two new ministerial resolutions that specify the tax regime for legal entities operating in the UAE’s free economic zones. These resolutions… Continue reading The Ministry of Finance of the UAE has clarified the peculiarities of corporate taxation in Free Zones
UAE – the most attractive jurisdiction for millionaire migration in 2022
According to a study by the consulting company Henley and Partners, in 2022, 5200 dollar millionaires relocated to the UAE. Australia (+3800), Singapore (+2900), Switzerland (+2200), and the USA (+1500)… Continue reading UAE – the most attractive jurisdiction for millionaire migration in 2022
The Ministry of Finance of the UAE has made a new decision regarding corporate tax
On June 5th, the Ministry of Finance of the UAE announced Cabinet Decision No. 56 of 2023 “On the Taxation of Non-Residents in the UAE” regarding the corporate tax law.… Continue reading The Ministry of Finance of the UAE has made a new decision regarding corporate tax
Ministry of Finance released three decisions on future corporate taxation
The Ministry of Finance of the Arab countries has announced the launch of three new ministerial decisions on the law “On the taxation of corporations and enterprises”. The discussion is… Continue reading Ministry of Finance released three decisions on future corporate taxation
Cryptocurrency trading allowed in the UAE
The financial regulators of the UAE have taken official permission to support cryptocurrency trading in the free economic zones of the Dubai World Trade Center, Dubai Multi Commodities Center. This… Continue reading Cryptocurrency trading allowed in the UAE
NEW GREEN AND FREELANCE VISAS
On September 11, as part of the UAE 50 Projects program, new types of Green Visa and Freelancer Visa were accepted. Obtaining a Green Visa makes it possible to officially… Continue reading NEW GREEN AND FREELANCE VISAS
Dubai has simplified the procedure for obtaining a 3-year investor visa through the purchase of real estate
Dubai has simplified the rules for obtaining a three-year investor visa when buying property. According to the Dubai Land Department, it is now enough to invest 750,000 dirhams in ready-made… Continue reading Dubai has simplified the procedure for obtaining a 3-year investor visa through the purchase of real estate
EXPO 2020 kicks off in Dubai
On October 1, 2021, the world exhibition EXPO-2020 started, during which many countries of the world will present their own achievements in various fields – from innovative developments to cultural… Continue reading EXPO 2020 kicks off in Dubai
