Other Briefings
Bilateral Trade and Investment Between Saudi Arabia & India, 2023/24 Situation and Prospects
By Farzad Ramezani Bonesh Introduction After the independence of India in 1947, diplomatic relations between New Delhi and Riyadh were established. Although the relations were not close until the early 1990s, various causes strengthened the motivations in relationships. King Abdullah bin Abdulaziz Al Saud’s visit to India in January 2006 was a milestone in increasing […]
Russia Upsets Iran Over UAE Persian Gulf Islands Stance
Tehran has summoned Russia’s ambassador to complain over a Moscow-endorsed statement on three Gulf islands disputed by Iran and the United Arab Emirates.
UAE Free Zone Companies: Updated Zero Percent Tax Clarifications
Foreign investors operating in the UAE Free Zone must take immediate notice of the updated frequently asked questions (FAQs) issued by the Ministry of Finance. Over 50 new Q&A have been added/updated on the free zone tax regime pursuant to the announcement made during the awareness sessions held last month. We highlight many of these […]
UAE Expands ‘Emiratisation’ Employment Plan: Foreign Investors Take Note
The UAE Ministry of Human Resources and Emiratisation has announced a significant expansion of its Emiratisation programme for the private sector. The new plan now includes companies and individual establishments employing between 20 to 49 workers, focusing on 14 specific main economic activities.
Israeli Manufacturers Can Consolidate Production In The UAE For GCC & South Asian Access
The UAE and Israel will expand mutual investment and manufacturing under a deal signed on Wednesday between the UAE Ras Al Khaimah Economic Zone (RAKEZ) and the Israeli Manufacturers Association (IMA). The Memorandum of Understanding (MoU) calls for the two sides to collaborate to create investment opportunities and expand the operations of industrial companies.
UAE Introduces Three-Month, One-Time Extensions For Visit Visas
The UAE Federal Authority for Identity, Citizenship, Customs and Ports Security in the UAE has announced that holders of visit visas for relatives or friends, valid for 30, 60, or 90 days, are entitled to a one-time 30-day extension at a fee of Dh750 (US$205).
Dubai Chamber Sets Up An Office In Indonesia
Bilateral trade set to triple in five years The Dubai International Chamber has inaugurated a new international representative office in Jakarta, Indonesia. The strategic step comes as part of the ‘Dubai Global’ initiative, which was launched by Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, […]
Turkiye To Raise Corporate Income Tax Rates, But Provides Export Incentives
Move comes to assist with required US$100 billion needed after earthquake devastations Turkiye will raise corporate taxes to fund the recovery from major earthquakes that struck the country in February, according to a draft law presented to parliament by President Tayyip Erdogan’s ruling AK Party. The earthquakes in southern Turkey killed more than 50,000 people […]
UAE Corporate Tax: Non-Resident Entities Tax Obligations: Clarifications
With the June 1st changes to the UAE’s tax structure, it is apparent that Foreign companies and Non-UAE resident individuals (collectively ‘non-residents’) have on some occasions been a bit confused by the UAE corporate tax compliance requirements.
UAE, India Multilateral Trade: 2023/24 Status and Prospects
By Farzad Ramezani Bonesh India and the UAE established diplomatic and political-economic relations in the 1970s, and mutual embassies were then opened. But the relations between UAE and India have been significantly strengthened over the last decade.
