News Archive 2018 | Page 9 of 12

People in business from all over the world, choosing a place to register a company, prefer to choose the FTZs / FEZs in the UAE, and there are some clear reasons for that. Firstly, there are many free economic zones in the country offering very favorable tax and customs conditions for legal entities registered here; secondly, the developed infrastructure promotes the growth and development of companies, and thirdly, bureaucratic procedures are minimized here...

First, we'll find out who the "tax resident" is. The tax resident means that person (both physical and legal) belongs to a tax system of a certain country...

Many entrepreneurs who want to ensure their capital protection decide to register a family fund in Dubai, the UAE. With such legal entity, a businessperson can count on continuity of assets when applying this decision...

It should be noted that the conditions for doing business in the UAE are among the most favorable in the world - there are practically no taxes and export/import duties (when goods are moving in free economic zones), bureaucratic procedures are minimized, and the audit procedure and accounting reporting are strongly simplified in comparison with other countries. But still, there are certain requirements for financial reporting and audit for onshore companies (no accounting and reporting is required for offshore companies)...

By the end of 2019, the number of hotel rooms in Dubai will significantly increase. It is expected that the number will reach 132 thousand units...