Highlights of GCC Unified VAT Treaty
Introduction The treaty for Value Added Tax signed by GCC nations is finally out in the public domain. The much talked about treaty is being published in the official gazette of the Kingdom of Saudi Arabia (KSA). It is one of the crucial steps in implementation of VAT in the region. The KSA had already […]
Introduction of VAT in UAE
Introduction The GCC nations have announced introduction of VAT from the next year and preparation for the same is in full swing. Kingdom of Saudi Arabia already published the treaty in their official gazette earlier this month and is all set to introduce it with effect from 1 January, 2018. The view of rulers of […]
Everything you need to know about Insurance Brokerage in UAE
Insurance brokerage profession can be carried on only after obtaining License to practice insurance activities in the UAE as a Company or a Branch or an Insurance Agent of Foreign Company. All Insurance Broker in the UAE is subject to resolution 15 of 2013 including amendment thereto from time to time. Under Federal Law No. […]
Six ways the Central Bank will combat money laundering in UAE
The Central Bank and United Arab Emirates (UAE) Government, considers it extremely important that monies earned by illegal means abroad are not circulated in the financial system of the country for the benefit of the criminals. To combat with it terrorism Central Bank has issued circular no. 24/2000 including other amendment resolution issued from time […]
Due Diligence for Buying Property in Dubai
Introduction Dubai is one of the best and prosperous cities in world to live and work. The city has tremendously transformed itself to a city that provides best of infrastructure and facilities from a city ignominious for uncertainty and instability a couple decades ago. This transformation has resulted in multiplying growth for the Emirate and […]
MENA energy investment to reach $900b in five years
DUBAI: A new report from Arab Petroleum Investments Corporation (Apicorp), owned by Organisation of Arab Petroleum Exporting Countries (Opec) says that the total committed and planned energy investments in the MENA region could reach $900 billion over the next five years. The report reveals that planned MENA investments in the energy sector are estimated to […]