News Archive 2017 | Page 7 of 12

A UAE Tax Residency Certificate (TRC), also known as a Certificate of Domicile, is an official document issued by the Ministry of Finance of the United Arab Emirates (MOF) confirming an individual or legal entity's tax residency status in the UAE. The certificate is used exclusively for international tax purposes and is intended for submission to the tax authorities of a specific foreign jurisdiction in the context of applying double taxation avoidance agreements...

The UAE business and property market have thrived as never before owing to a multitude of expats coming to UAE, becoming residents and contributing to the UAE economy. The number of Indian and Pakistani nationals clearly stand out from the crowd as more and more Indian and Pakistani nationals come to UAE to become residents...

In 2017, two free economic zones of the Emirate of Ras Al Khaimah – RAK FTZ and RAKIA – were merged into a single free zone, Ras Al Khaimah Economic Zone (RAKEZ). Since the merger, RAKEZ has been consistently developing as one of the largest and most versatile free economic zones in the UAE, offering a wide range of licenses, infrastructure facilities, and business presence formats for international companies...

Knight Frank the world-recognized residential and commercial property consultancy, rated the city of Dubai as the fourth one in the list of cities with the biggest number of wealthy people. This beautiful Middle East city attracts a great number of well-off customers from all over the world...

This overview covers the main types of visas available in the United Arab Emirates. The UAE remains one of the most attractive countries for both short-term visits and long-term residence, which is why visa and residency matters remain highly relevant...