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Over the past two years, the Ministry of Interior of the UAE has reviewed 521 money laundering cases and, in collaboration with international law enforcement agencies, apprehended 387 “wanted individuals.”… Continue reading The UAE has helped in the arrest of 387 individuals in money laundering cases.
Category: news
Now it’s easier to make changes to ID-cards in Dubai
The Federal Authority for Identification, Citizenship, Customs, and Port Security (UAEICP) has announced changes regarding the ID cards of UAE residents. From now on, changing the place of residence within… Continue reading Now it’s easier to make changes to ID-cards in Dubai
Changes to the rules for obtaining “Golden Visas” in the UAE
The Federal Authority for Identity and Citizenship, Customs, Ports, and Security in the UAE has introduced new rules for submitting documents to obtain a “Golden Visa”. According to the updated… Continue reading Changes to the rules for obtaining “Golden Visas” in the UAE
Dubai considers applying Common Law in Free Economic Zones
The government of Dubai is exploring the possibility of transitioning to Common Law in its free economic zones to strengthen its economy. According to the emirate’s media office, this potential… Continue reading Dubai considers applying Common Law in Free Economic Zones
The UAE government has implemented a new policy requiring businesses to increase the employment of UAE citizens
The Ministry of Human Resources and Emiratisation has issued a directive outlining the details. Under the new regulations, companies with a workforce ranging from 20 to 49 employees must hire… Continue reading The UAE government has implemented a new policy requiring businesses to increase the employment of UAE citizens
The UAE ranked seventh in the world in terms of per capita income, according to the World Bank
The per capita income in the UAE, based on purchasing power parity (PPP), reached up to 87,729 international dollars. This places the country at the seventh position globally in this… Continue reading The UAE ranked seventh in the world in terms of per capita income, according to the World Bank
137 companies were fined in the UAE for non-compliance with AML legislation
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
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
