Other Briefings
UAE Federal Decree No. 32 of 2021 on Commercial Companies: Key Provisions
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
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
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
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
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
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.
India, UAE Hold First Talks on Advancing the India-Middle East-Europe Economic Corridor
The discussions regarding the India-Middle East-Europe Economic Corridor (IMEEC) involved key stakeholders, such as DP World UAE, AD Ports Group, and the UAE’s Federal Customs Authority.
Saudi Arabia Introduces New Duty-Free Regulations in Arrival Lounges
Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has introduced new regulations for duty-free markets in arrival lounges, aimed at enhancing the travel retail sector.
UAE-China Trade & Investment Profile
The UAE is a pivotal partner in China’s trade and commercial engagements within the Middle East, particularly the Arab Gulf region.
Setting Up in Sharjah, UAE: A Foreign Investment Guide
The UAE emirate of Sharjah is not reliant on oil and gas reserves, and has well-developed manufacturing, construction, and service sectors. We highlight top sector opportunities and key locations for investors.
