UAE residency visa amendments simplified
UAE residents can now change their visa information online through the official website or smart app of the Federal Authority for Identity and Citizenship, Customs, and Port Security (ICP)
Category: Tax & Business
News
Dubai’s Free Zones to Embrace Common Law
Dubai Emirate is considering the adoption of Common Law within all of its many free zones to enhance their appeal and attract more foreign investment and businesses looking for a familiar legal environment.
DNFBPs Higher Compliance Requirements in the UAE(Compliance Series 2 of 3)
Designated Non-Financial Businesses and Professions (DNFBPs) are types of businesses and professions that are not typically associated with the financial sector. It includes real estate agents, dealers in precious metals, lawyers and notaries, auditors, accountants, insolvency firms, tax consultants and corporate service providers.
What is the UAE Emiratisation?
Emiratisation is a government program launched initially in 2006 by the UAE to raise the representation of Emiratis in the workforce in order to boost their contribution to the national economy.
Dubai Courts’ Inheritance Department for Non-Muslim Residents
The Dubai Courts has established its first inheritance department for non-Muslim residents in the UAE. It provides a comprehensive legislative framework for non-Muslim residents to prepare and administer their wills according to their own, home country laws.
Understanding the UAE’s Economic Substance Regulations (Compliance series 1 of 3)
The United Arab Emirates (UAE) implemented the Economic Substance Regulations (ESR) in 2019 as a part of their efforts to enhance transparency and align the UAE's tax framework with international standards.
Cash Settlement for Remaining Annual Leave (UAE Employment Law Series)
Essentially, the UAE Employment Law grants employees 30 days of annual leave after completing one year of employment. The employee can choose to carry forward the leave or receive payment in lieu of the leave, as outlined in Article 29(8).
UAE Corporate Tax Exemption – Public Benefit Entities
The UAE Ministry of Finance has announced a new cabinet decision in April exempting qualifying public benefit entities from paying corporate tax.
Dubai “Jaywalking” Rules
Dubai is without the doubt one of the most dynamic city in the world nowadays. However, one of the more unique aspects of Dubai is its “Jaywalking” rules.
Second Salary Program Unveiled In the UAE for its Residents
UAE-based National Bonds, a Dubai government savings and investment company, has launched a Sharia-compliant savings scheme that allows clients to invest a minimum of 1,000 AED (272 USD) per month for at least three years and receive an income at the end of it.