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Registering Company for Export-Import Operations in the UAE - What You Need to Know

Registering Company for Export-Import Operations in the UAE - What You Need to Know

April 2018

Registering Company for Export-Import Operations in the UAE - What You Need to Know People in business from all over the world, choosing a place to register a company, prefer to choose the FTZs / FEZs in the UAE, and there are some clear reasons for that. Firstly, there are many free economic zones in the country offering very favorable tax and customs conditions for legal entities registered here; secondly, the developed infrastructure promotes the growth and development of companies, and thirdly, bureaucratic procedures are

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What is a "tax resident" and what are the advantages of changing this status

April 2018

What is a "tax resident" and what are the advantages of changing this status First, we'll find out who the "tax resident" is. The tax resident means that person (both physical and legal) belongs to a tax system of a certain country. By default, a person is a tax resident of his/her home country. There are a number of reasons why many successful entrepreneurs change their tax residency. The article examines the possibilities of changing the tax residence over to international programs for attracting investments and obtaining

Registration of a Family Trust in UAE - the Advantages Provided by this Structure

Registration of a Family Trust in UAE - the Advantages Provided by this Structure

April 2018

Registration of a Family Trust in UAE - the Advantages Provided by this Structure Many entrepreneurs who want to ensure their capital protection decide to register a family fund in Dubai, the UAE. With such legal entity, a businessperson can count on continuity of assets when applying this decision. In Dubai, among others, there is a free zone which offers the possibility of registering a family fund. This free zone is called the "International Financial Center of Dubai" (DIFC). The UAE Prime Minister, Sheikh Mohammed bin

Audit and tax reporting in Dubai, United Arab Emirates

Audit and tax reporting in Dubai, United Arab Emirates

April 2018

Audit and tax reporting in Dubai, United Arab Emirates It should be noted that the conditions for doing business in the UAE are among the most favorable in the world - there are practically no taxes and export/import duties (when goods are moving in free economic zones), bureaucratic procedures are minimized, and the audit procedure and accounting reporting are strongly simplified in comparison with other countries. But still, there are certain requirements for financial reporting and audit for onshore companies (no

Rapid Tourism Growth in Dubai, UAE -Increase in the Number of Hotel Rooms in the Emirate

Rapid Tourism Growth in Dubai, UAE -Increase in the Number of Hotel Rooms in the Emirate

April 2018

Rapid Tourism Growth in Dubai, UAE - Increase in the Number of Hotel Rooms in the Emirate By the end of 2019, the number of hotel rooms in Dubai will significantly increase. It is expected that the number will reach 132 thousand units. Tourism is one of the most dynamically developing industries in the UAE. The country makes a lot of efforts to make the Emirates to be the attractive destination for travel and stimulate the tourism growth. The hospitality sector will continue to grow. According to the latest research of the

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