Middle East Briefing News

Choosing Dubai as Your Investment Base and Setting Up in the IFZA

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Dubai’s IFZA is a dynamic international free zone community that leverages the UAE’s strategic location and world-class infrastructure.

UAE and Qatar Sign Double Taxation Avoidance Agreement, Boost Economic Cooperation

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The UAE and Qatar are set to fully restore diplomatic ties and have signed a landmark double taxation agreement.

Corporate Establishment in the UAE Mainland – A Guide for Foreign Investors

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Setting up a business in the UAE mainland offers numerous opportunities for investors. We discuss key steps and approvals required.

Setting Up a Free Zone Establishment (FZE) in Jafza: A Guide

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With no foreign ownership restrictions, Jebel Ali Free Zone (Jafza) in Dubai appeals to international investors in the region.

UAE Federal Decree No. 32 of 2021 on Commercial Companies: Key Provisions

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The UAE’s New Companies Law (Federal Decree 32/2021), in effect since January 2022, introduced significant reforms geared towards enhancing the business environment and enticing foreign investment. We note key provisions.

How to Obtain a Virtual License to Set Up a Business in Dubai and Abu Dhabi

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Obtaining a virtual license to operate a business in Abu Dhabi and Dubai provides entrepreneurs access to dynamic business opportunities in these markets at reduced costs.

Saudi Arabia Introduces Penalties for Overstay of Visit Visa Holders

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The recent visa reforms and regulations put forward by Saudi Arabia are part of its Vision 2030 initiative, aiming to diversify the economy, attract talents, promote tourism, lessen oil dependency, and globalize the kingdom in an orderly manner.

South Korea and UAE Formally Sign CEPA Trade Deal, Reaffirm US$30 Bn Investment Commitment

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The UAE and South Korea formally signed their free trade agreement, officially called the Comprehensive Economic Partnership Agreement (CEPA), on May 29, during the official visit of President Mohamed bin Zayed Al Nahyan to Seoul.

UAE Corporate Tax Incentives in Free Zones

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The UAE Federal Tax Authority offers detailed guidelines for businesses in free zones to qualify for a 0 percent corporate tax rate on specific activities, subject to meeting eligibility criteria and registration deadlines.

UAE Q4 2023 Prelim Data: Non-Oil Sectors Propelling 4.3% GDP Growth

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Preliminary government data for the fourth quarter of 2023 revealed a robust 4.3 percent year-on-year growth in the UAE’s economy, with non-oil sectors notably outpeforming in their contribution to the overall GDP.

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