News Archive 2017 | Page 1 of 12

Value-added tax (VAT) at a rate of 5% has been in force in the United Arab Emirates since 1 January 2018. The obligation to register for VAT purposes is determined not by the type of company, but by the level of taxable turnover and the nature of activities carried out in the UAE...

The United Arab Emirates is widely recognized as one of the most attractive jurisdictions for business due to its favorable tax regime, stable legal system, and well-developed infrastructure. At the same time, as in any other country, the UAE has specific features that may create certain difficulties at the business launch stage...

Islamic banking occupies a stable and strategically important position within the financial system of the United Arab Emirates. According to industry research and regulatory reports, more than half of the UAE population prefers Sharia-compliant banking products, while interest in Islamic banking among non-Muslim residents and foreign entrepreneurs continues to grow steadily...

In its classical sense, the term “sponsor” is typically associated with a person or organization that provides financial support. However, in the legal and business practice of the United Arab Emirates, this term is used in several specific meanings that are important to distinguish...

One of the key corporate law reforms was implemented in the UAE in 2020 with the adoption of the amended Federal Commercial Companies Law, which came into force on 1 April 2021. As a result of this reform, foreign companies were granted the right to 100% foreign ownership when registering a business on the UAE mainland, without the mandatory involvement of a local partner...