The UAE Central Bank’s strict compliance procedures make opening a business bank account difficult. However, with the proper guidance and support, this process can be streamlined to ensure a smooth experience. In this guide, we’ll go over everything you need to know about corporate bank accounts in the UAE, including the application process, account types, […]

The United Arab Emirates published its Value Added Tax legal statement law on 27th August 2017, paving the way for the introduction of the indirect tax on 1st January 2018. The standard VAT rate will be 5%, with a nil rate or certain goods The described Executive Regulation, providing guidance on VAT following the law processes, will be given at a later date. UAE VAT law The important things of the new law cover 5% Standard On taxable supplies and imports 0% Zero Exports; International passenger transport; Import of precious metals;First supply  (within 3 yrs of construction) residential properties; Crude oil and natural gas; Publicly provided education

In general, such taxes are calculated on a company’s accounting net profit/income after adjusting for certain elements defined in the UAE Corporate Tax Code. On January 31, 2022, the UAE Ministry of Finance announced the implementation of a federal company tax in the UAE, effective for fiscal years beginning on or after June 1, 2023.In […]

Your Ultimate Guide to Starting a Business in Dubai: All You Need to Get Started With global market access and unrivaled infrastructure, the UAE stands as a global business hub where growth and innovation thrive. Its GDP was estimated to be at US$509 billion in 2023. Despite the global and Mediterranean tension, UAE is proactively […]

According to a recent report, UAE (Dubai) is one of the best countries to set up or join a business in 2024. Dubai is renowned for its breathtaking skyline, lavish life, rich cultural diversity, and thriving economy. For business visitors and organizations, Dubai offers a multitude of benefits, especially within its many Freezones. If you […]

UAE is currently one of the top and most thriving locations for startup companies. It has had a big impact in attracting people and companies to fintech, financing, shipping, innovation, electronics, aviation, and tourism. Its pro-business and low-risk environment encourages entrepreneurs and companies to establish successful business setup in UAE and Dubai. Dubai allows you […]

As a business hub, Dubai has become an attractive destination for entrepreneurs from around the world. With its flourishing economy, top-class amenities and infrastructure, and ease of doing business, it’s no wonder that more and more entrepreneurs are choosing Dubai as their base. In this article, we will explore the 10 key reasons why entrepreneurs […]

With global market access and unrivaled infrastructure, the UAE stands as a global business hub where growth and innovation thrive. Its GDP was estimated to be at US$509 billion in 2023. Despite the global and Mediterranean tension, UAE is proactively seeking economic expansion, intending to double its GDP to exceed $800 billion. Dubai isn’t a […]