News & Articles
Best company type UAE – what type is the right one for you
Best company type UAE – what type is the right one for you Dubai is well-known for its highly attractive and favorable business environment and the advantageous tax system. For this reason many international entrepreneurs and investors choose the option of opening a company here. And, due to some UAE legal specifics which results a number of different types of companies, there is often the question – which company would be the best company type for you. There is no one answer to it as there are various scenarios,
Why UAE has no tax and how can it exist without such
Why UAE has no tax and how can it exist without such Many people find it surprising that there are essentially no taxes in the United Arab Emirates. Income tax, VAT, social contributions and number of other taxes – the vast majority of people from other countries pay up in total to 50% of their income (and sometimes even more) to the country's budget in the form of various taxes. But the UAE residents are exempt from most of the typical taxes. However, it does not mean that there are no taxes at all and there are also
Another Record of Dubai – More than 8 Million Tourists Visited it within 6 Months!
Another Record of Dubai – More than 8 Million Tourists Visited it within 6 Months! Nowadays, the tourism sector makes the significant contribution to the region's GDP, according to the Department of Tourism and Commerce in Dubai, the total volume of this sector is $29.6 billion per year. According to official data, during the first six months of 2018, 8.10 million foreign tourists have stayed in Dubai hotels. India, Saudi Arabia,and the United Kingdom are the leaders in the number of tourists, according to data for the
The Best Place for Start-ups in the World is Found – it is Dubai, UAE
The Best Place for Start-ups in the World is Found – it is Dubai, UAE When we mention Dubai, many people see a beautiful picture of azure beaches with yellow sand, palm trees, and skyscrapers. Indeed, Dubai can be considered as the oasis in the desert, and not only literally. Dubai is the real oasis for people who launch business and various start-ups. In a relatively short time, this city has become the real center of innovative technologies. A well-thought-out policy in the area of business development and attraction of
New Rule on VAT Refund for Tourists in the UAE Comes into Force
New Rule on VAT Refund for Tourists in the UAE Comes into Force This week it was reported that the Government of the UAE introduces a new system of VAT tax refund for tourists. It is assumed that the new system will organize the operations of market outlets and tax refund counter in order to maximize the effect of the Government's efforts to effectively implement the tax system. According to the current decision, a single standard of the procedure is established to ensure the transparency and accuracy of the refunding
Business news of Dubai and other Emirates of the UAE.
In this section of our web site we regularly prepare and publish our own articles and reviews related to various news in the United Arab Emirates. These business news are dedicated primary to the economy of the country as well as the opportunities the UAE offers for local and international business.
In this section of Dubai business news you can regularly receive interesting and valuable information. Each of our monthly issues has at least 2 articles related to legal aspects of corporate law – how it is possible to register company in the United Arab Emirates and of which type, what are the available advantages for various business types, etc.
Business news also includes the reviews of the largest projects being in implementation in Dubai, UAE. Such projects can give an impulse for business-idea and development of your own enterprise.
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