News Archive 2018 | Page 2 of 12

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...

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...

There are many reasons why non-residents and foreign companies choose to open bank accounts in the United Arab Emirates. These include the high reliability of local financial institutions, a well-developed banking infrastructure, competitive operating costs, and generally clear and transparent banking requirements...

The UAE applies a value-added tax (VAT) at a rate of 5%, which was introduced on January 1, 2018. At the same time, the country provides a special VAT refund mechanism for tourists and foreign visitors, allowing them to recover part of the tax paid on goods purchased within the UAE...

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”...