The federal government of the UAE has not promulgated any tax laws and, as a result, much of the existing tax structure in the emirates has been established by the individual emirates, which have issued varying corporate tax decrees. While this seems like it would lead to confusion and hamper the business environment, in practice, taxes are only imposed on oil- and gas-...
In line with its visions for an excellent infrastructure, progressive leadership, political stability and a world-leading business environment, the UAE government has announced new initiatives aimed at attracting foreign investors and enhancing existing foreign investments. One such initiative was the long-awaited revised UAE Commercial Companies Law (UCCL), which was...
In January 2013, Sheikh Mohammed bin Rashid Al Maktoum unveiled his initiative for Dubai to become the global capital of the Islamic economy, a multi-trillion-dollar industry. Dubai is no stranger to setting high goals and delivering results.
B&G ROYAL CLUB PALM JUMEIRAH PO Box 347474 Palm Jumeirah Al Khushkar J1 T: (04) 420 6299 F: (04) 420 5733 www.balbaagroup.com reservation@bgroyalclub.com Rooms: 25 two-bedroom apartments with partial sea view, 16 one-bedroom apartments with palm view, 9 one-bedroom apartments with direct sea view. Business & Conference Facilities: Wi-Fi...
VISA: GCC citizens do not require an entry visa to the UAE, but requirements for other nationalities vary. It is therefore recommended to confer with your country’s embassy prior to travel. Most Europeans, Americans and East Asians can obtain a 30-day tourist visa on arrival, which can be extended at an immigration office or by driving...
Although Dubai’s residential real estate market is dominated by cash buyers, mortgage transactions are on the rise amidst increasing demand. Between 2006 and 2014, mortgage volumes tripled, while in the 18 months leading up to March 2014, mortgages went up as a share of total real estate transactions, from 15% to 28%. By May 2014 mortgages accounted for 32% of total...
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