A guide on Double Taxation Avoidance (DTAA) and Tax residency certificate in UAE
Businesses of today are not restricted to a single location, they are spread across the world and carry out activities on a global platform. There has been a boom in cross-culture business activities off late, which results in diverse benefits and enhances the trade relations between nations.
The Flourishing Economy of UAE
UAE is one of the fastest growing economies in the world and the second largest in the Arab world. GDP of UAE economy which stood at $382.58 Billion in 2017 is projected to trend around $425.00 Billion by the year 2020. The economy of UAE has grown by nearly 231 times, since its independence in 1971.
DIFC Achieves Record Growth
DIFC is a financial hub for the Middle East, Africa and South Asia markets that has witnessed exponential growth in the previous year. With 437 new company registrations and a net profit of $88 million, 2018 was DIFC’s year.
Free zones in UAE
The UAE has been excelling economically over the last few decades and the lion’s share of the credit goes to free zones! Free zones are the strongest pillars of UAE’s economy, that generate billions of jobs and helps in boosting foreign investment. They help spur economic diversification and contribute significantly to the non-oil sector.
Free License and Visa Upon Buying a House in Dubai
Emaar, a property developer, has decided to partner with Dubai Multi Commodities Centre to launch around 200 units in an under-construction building in Dubai Hills Estate. The best part about the partnership is the offer that comes along with buying a house here. This is the first time Dubai or any other city has announced an offer like this and it is undoubtedly captivating.
Offshore Company Formation in UAE
UAE is one among the top 10 countries in the world that holds the highest offshore wealth. Going offshore is one of the best methods to start or expand your business, as it comes with numerous perks. The tax and custom-free benefits coupled with complete anonymity has helped elevate offshore zones’ status as the most preferred type of company formation
What makes a consultant an inevitable part of your business
Getting away from the clutches of managers and beginning your own firm is something most people dream of. But it’s not an easy process, it’s indeed a challenging one that involves careful planning and execution. When it comes to a country like UAE, that opens door to myriad of opportunities, the risk level increases.
Growing Retail Sector in Dubai
If you are a person who needs a good dose of retail therapy once in a while, then Dubai is the place for you. The world’s biggest mall, annual shopping festivals and traditional souks do justice to Dubai’s tag as the ‘shopper’s paradise’. With the Dubai Shopping festival just weeks away, a major
Insurance Policy to Replace Bank Guarantee in UAE
Private companies in UAE can breathe a sigh of relief, as they need not spend millions on recruitment anymore. Recruiting workers is pretty expensive in UAE as it requires you to deposit an amount of Dh3000 as bank guarantee. A low-cost insurance scheme will replace the current system.
How Expo 2020 is going to mesmerize the world
Dubai, a city of dreams, has always been in news for its innovative strategies, booming business market and world-class attractions. A recent addition to the list is EXPO 2020, a festival of human ingenuity, that is going to be held in Dubai from October 20 to April 10, 2020.