News & Articles
Benefits of Opening Subsidiary Company or Branch in Serviced Offices of Dubai
Benefits of Opening Subsidiary Company or Branch in Serviced Offices of Dubai The UAE in general and Dubai in particular offer excellent options for trading and commercial activities that is why Dubai has become the fastest growing Emirate. Surely, there are quite a lot of offshore jurisdictions and places around the world where it is very profitable to open a company, but you are unlikely to find another place with such a good combination of all the factors for doing business. There are no taxes and fees here (no taxes on
Tax evasion vs. tax planning. How to minimize taxes and save your money?
Tax evasion vs. tax planning. How to minimize taxes and save your money? Regardless of who you are, a private taxpayer, or a corporate person, most likely, you have thought about the possibilities of reducing your tax burden at least once. What is tax evasion, tax planning, and tax avoidance – in order to understand that issue, we take a look at the difference between them, and also we consider some examples and facts of applying certain practices as well as things that are considered as tax fraud. What are tax avoidance
Bank account closing in the UAE. How to do that correctly and avoid problems?
Bank account closing in the UAE. How to do that correctly and avoid problems? There are many reasons why non-residents choose UAE banks to open their bank accounts. High reliability of local financial institutions, low maintenance costs, and simplified requirements are among those. But what about the situation when you want to close your account, or even a worse scenario – your bank closes your account? In the article, we will take a look at possible scenarios for closing accounts in this country and how to act in
VAT refund for tourists is available at Dubai Airport from November 18, 2018.
VAT refund for tourists is available at Dubai Airport from November 18, 2018. As you know, the UAE has introduced a value-added tax (VAT) of 5% on January 1, 2018. But the good news for tourists and foreign shoppers is that the local Government has developed the special procedure of tax refund – VAT refund for tourists. Now everyone can make a tax refund in Dubai airport with a simple VAT refund form. The Tax-Free system starts working at the airports of Dubai, Abu Dhabi and Sharjah from November 18, 2018, and by the middle
The five-star hotel on the artificial islands of Dubai is ready to meet its first guests
The five-star hotel on the artificial islands of Dubai is ready to meet its first guests The project developer, Kleindienst Group company, has shared its plans to open a new hotel complex in the coastal line of Dubai on the artificial archipelago of the Heart of Europe. The Heart of Europe is part of the large-scale artificial island project, “the World”. Portofino hotel is located on one of the islands that symbolize Europe. It is expected that the new complex will be fully functional in the coming months. Portofino is