Effect of VAT in existing construction contracts of UAE
The construction companies are now faced with the dilemma of VAT registration and VAT impact in these pre-existing construction contracts as they time of implementing the VAT is drawing near. The GCC council have fixed the implementation of VAT as of January 1, 2018. The VAT law contains standard rules that accommodate this type of […]
The logistics infrastructure advantage of Oman against other players in the Middle East
Oman is fast becoming the logistics hub of the Middle East as it has a strategic position of air, sea and road travel. The government of Oman has invested major growth strategies in improving the logistics operational hold of the country and has invited external investors.
The workings of the Shari’ah law in the operations of personal and corporate guarantees
The Kingdom of Saudi Arabia (“KSA”) is a sovereign Arab state whose final code is the Shari’ah. The Shari’ah is an assortment of principles resulting from different sources, but predominantly the Holy Qu’ran and the Sunnah. As the KSA has not adopted a civil law system, no primary legislation governs financial transaction guarantees in the KSA.
India is all set to become a Gold Mine for investors
India is set to become an “extremely attractive” country to do business. Company formation in India will be a recipient of massive benefits
The BEPS inclusive framework gets a new member – Oman
Oman is the second country of the Gulf Cooperation Council (GCC) to join the BEPS framework of the OECD. The BEPS framework is the acronym of Base Erosion and Profit Shifting initiative. This initiative is on the lookout for curbing painful taxation procedures.
Invest in Myanmar
With a population of 60 million people, Myanmar is a small country in Asia. It became the last Asian country with the exception of North Korea to open up to business and globalization, and has quite a large, and well established domestic labour and consumer market.