News Archive 2018 | Page 8 of 12

Recently, the Federal Tax Office (FTA) in the UAE has announced a newly approved VAT refund scheme for tourists who visit the country. According to provided information, this system will resemble the similar processes, which apply in some countries of Europe and Asia...

Opening a bank account abroad is a solution that is in definitive demand among both private and corporate clients. In this review, we consider in detail all aspects of opening an account abroad – what are the existing solutions, which one to choose for your specific tasks and why, what procedure and specifics of opening an account, what documents should be prepared and what is important to know in order not to make mistakes when opening an account abroad or further work with it...

Federal Tax Law of the UAE requires all enterprises that conduct VAT transactions in the country, to carry out mandatory registration of these financial transactions and to fill the reports on them in the FTA. According to the recently introduced law, every onshore company in the country that carries out any kind of activity is obliged to keep accounts and commercial books...

The economy of the UAE is not only one of the most diversified in the world, according to one of the latest international reports, it also takes a leading place regarding competitiveness. More precisely, the United Arab Emirates received the highest ratings for nine key indicators...

In some cases, the company's place of incorporation may be changed, in case it is permitted by the terms of the jurisdiction, the articles of incorporation and the memorandum of association. In this case, we talk about the transfer of business, or officially its re-domiciliation...