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

Legal & Regulatory May 31
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.
Human Resources & Payroll

Saudi Arabia Introduces Penalties for Overstay of Visit Visa Holders

May 30

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.

Economy & Trade

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

May 30

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.

Tax & Accounting

UAE Corporate Tax Incentives in Free Zones

May 27

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.

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