New Service Announcement
Our client, one of the leading IT solutions company providing support to international clients approached us to setup business and to receive payments online. ENGAGEMENT PLANNING: We studied the client’s business requirement and provided a suitable investment structure. We assisted them in choosing the right jurisdiction to avail tax benefits by using the available tax treaties. The […]
Dubai plans for 25m visitors for World Expo 2020
The emirate of Dubai will be fully prepared to receive 25 million visitors when it hosts the World Expo 2020 international event in six years time. Speaking in an interview, Najeeb Mohammad Saleh, Head of Planning Research Section, Planning Department at Dubai Municipality, discussed how Dubai expects to cope with the influx of residents and […]
Treaty News
Latvia Presents Draft DTA with Cyprus • DTA signed between Costa Rica and Germany • TIEA has been signed between Jersey and Hungary • Ethiopia Seeks DTA with Canada • San Marino Ratifies DTA with Greece • Dubai, Abu Dhabi inflation up in January • FATCA Agreement has been signed between Canada & United States […]
U.A.E. Ministry of Finance Discusses 2014 Plan for DTAs
The U.A.E’s Ministry of Finance has recently organized a meeting with its Governmental strategic partners, to discuss plans to sign Double Tax Avoidance Agreements with various countries throughout 2014. The meeting was headed by Younis Haji Al Khouri, who is the undersecretary of the Finance Ministry. Along with the participants of the meeting Haji Al […]
DIFC Posts 14 Percent Growth In 2013
Dubai International Financial Center (DIFC), a financial free zone, announced that it had 1,039 active registered companies as of December 31, 2014, a 14 % increase from a year earlier. According to the announcement, in year there were 55 active financial services and 103 non-financial services firms was registered, bringing the total to 327 and […]
U.A.E. Signs Tax Transparency MOU with DMCC
The Ministry of Finance has signed a Tax transparency Memorandum of Understanding with the Dubai Multi Commodities Center. The U.A.E’s largest and fastest-growing free trade zone, at the Ministry’s Headquarters in Dubai, which will assist in ensuring international standards of transparency in the exchange of information for tax purposes. The MOU was signed by HE […]
Kenya set for first Free Trade Zone in Mombasa
Kenya’s Government has approved the establishment of Free Trade Zone (FTZ) in Mombasa. It will be the first free trade zone in East Africa and the project is expected to be ready by 2015 and it is being implemented by the ministry of Industrialization and Enterprise Development, which has already opened the search for consultants […]
Treaty News
Costa Rica approves seven TIEAs Morocco House of Representatives approves DTA with Lithuania. Protocol to DTA between Canada, France Enters into Force. Kazakhstan, Qatar Sign DTA. Peru Ratifies DTA with Mexico.
Dubai Exports at Dh290b in 2013
According to the Chamber, Members of Dubai’s Chamber of Commerce and Industry recorded eight per cent growth in exports and re-export totalling Dh290 billion in 2013. In 2012, Exports and re-exports were Dh268 billion. Also in 2013, there were added that around 13,000 new companies joined the Chamber, the highest number recorded by the Chamber […]
Mauritius Signs FATCA, TIE Agreement with US
An Inter-Governmental Agreement has been signed between Mauritius and the United States for the implementation of the Foreign Account Tax Compliance Act (FATCA), as well as a bilateral tax information exchange agreement (TIEA). The signing ceremony for the two agreements was held on December 27, 2013, in Port Louis and the signatories were the Mauritian […]