UAE mulls ‘Golden Visa’ for businessmen
A senior government official at the Dubai immigration department said “The UAE is considering issuing a separate visa for businessmen”.UAE’s Ministry of Interior considered the ‘Golden Visa’ at the federal level. Major-General Mohammed Ahmed Al Marri, Director-General of the General Directorate of Residency and Foreigners Affairs (GDRFA) – Dubai, stated “The Ministry of Interior is […]
Dubai Investment International eye expansion in Asia, Africa
Dubai Investments International, an investment firm listed on the Dubai Financial Market, a wholly owned subsidiary of Dubai Investments, is looking at worldwide expansion, especially into Asia and Africa. In addition to joint ventures and strategic partnerships across Africa and Asia, the company is also seeking commercial projects in some Middle Eastern countries, Dubai Investments announced […]
Treaty News
Switzerland – Argentina: New Tax Treaty Signed Jordan, Sudan sign 19 agreements Luxembourg and United States Sign FATCA Agreement Singapore – Sri Lanka: Tax Treaty Signed Malta – Moldova: Tax Treaty Signed Guernsey – Monaco: Tax Treaty Signed Hong Kong – Qatar: Provisions of Tax Treaty Become Effective Cayman Islands – Seychelles: Tax Information Exchange Agreement Signed For more […]
68th Congress of the International Fiscal Association
Intuit team will be participating in 68th Congress of IFA. It will be held in Mumbai between 12 – 17 October 2014. We would glad to schedule a meeting, if your firm is participating in this program. Please free to contact us, if you need any assistance to register. The website for the program is www.ifa2014mumbai.com For […]
FDI expected to increase over next five years
In 2013, the foreign direct investment (FDI) grew by 8% globally at a value of $1,461 billion. According to the Foreign Direct Investment Report 2013, it is expected to increase at least 10 % annually in the next five years. The report, which is developed by FDI Intelligence, a division of the Financial Times and released on the first […]
New UAE investment law to boost GDP
According to Sultan Al Mansouri, UAE Minister of Economy, the upcoming release of UAE Investment Law by the end of this year is expected to boost the UAE’s Gross Domestic Product (GDP) between 3 to 4%. Once implemented, the new laws would strengthen the legal infrastructure and boost the economy. This would encourage businessmen and investors to be more […]
Kuwait Prepares To Sign FATCA IGA
Kuwait’s Ministry of Finance has expressed its desire to sign a Model 1 Intergovernmental Agreement (IGA) to assist banks comply with the United States Foreign Account Tax Compliance Act (FATCA). FATCA demands Foreign Financial Institutions (FFIs) in order to report to the US Internal Revenue Service (IRS) information on assets of USD50,000 or more held by US taxpayers, or […]
UAE’s economic stability to draw in foreign capital
The President and CEO of Institutional International Finance (IIF) said that “the U.A.E’s strong economic recovery and domestic political stability will continue to attract more entrepreneurs and foreign capital”. The IIF are in Dubai to take part in the 2014 IIF Mena CEO Meeting. “In 2014, UAE is expected to grow more than 4% .” commented by […]
Treaty News
UAE Ministry of Foreign Affairs announces new visa exemptions for EU countries Kenya Issues TCC Application Guidelines Netherlands Simplifies Individual Tax Filing Guernsey – Costa Rica: Tax Information Exchange Agreement Signed Dubai prepares for 4th Annual Investment Meeting India’s revenues from Africa can grow four times: McKinsey Canada, South Korea Broker Landmark FTA Deal US, Iraq […]
Double taxation agreement signed by Albania and U.A.E.
Minister of Foreign Affairs of the United Arab Emirates, Sheikh Abdullah bin Zayed al Nahyan held a meeting with the Minister of Foreign Affairs Ditmir Bushati. The two ministers have signed an agreement on avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income. They also signed two memoranda of understanding […]