News & Articles | Page 25 of 88

We are pleased to offer clients an alternative option for opening a corporate bank account for onshore companies in the UAE with one of the country’s reliable banks, featuring a reduced minimum balance requirement.   Key account terms minimum average monthly balance – from 20,000 AED (approximately 5,500 USD); the account is intended for corporate clients (business account); access to account management via online banking and telephone channels, without the need for permanent presence in the UAE...

As part of tighter immigration and compliance procedures, the authorities of the United Arab Emirates have introduced a requirement for certain categories of applicants for UAE residence visas to provide a police clearance certificate (Certificate of Good Conduct). This requirement is applied selectively, depending on the type of visa, the applicant’s category, and the decision of the immigration authorities of the relevant emirate...

Value Added Tax (VAT) in the UAE has been in force since 1 January 2018 and is an integral part of the country’s tax system. The VAT rate is 5% and applies to most goods and services, except for zero-rated supplies and exempt categories...

This overview covers issues related to changing visa and residence status in the UAE, as well as the procedures associated with such changes. When planning a relocation or a long-term stay in the UAE, it is important to understand the differences between short-term visas and resident status...

Mangroves are forests consisting of shrubs and small trees growing in the tropics and subtropics. Mangroves are a source of a special highlight for the United Arab Emirates...