Oman Announces 18 Investment Opportunities in Waste Management Projects
The Ministry of Commerce, Industry and Investment Promotion (MCIIP), in cooperation with the government and private sectors, announced at Oman Convention and Exhibition Center (OCEC) on Sunday, 17th April 2022, 18 investment opportunities with a total investment exceeding RO 1.5 billion. The event was inaugurated under the sponsorship of H E Salim bin Mohammed al […]
UAE: Compliance with VAT Regulations Rises During Q1 2022
The UAE Federal Tax Authority (FTA), in an official report dated 21 April 2022, revealed that the number of VAT registrants had increased to 367,157 in the first quarter of 2022, compared to 358,468 in Q1 of 2021, an increase of 2.42%. In its second yearly meeting chaired by Sheikh Mohammed bin Rashid Al Maktoum, […]
New Visa Rules 2022: A Stimulus for UAE Startups and the Job Market
In April 2022, the UAE Cabinet, headed by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, has rolled out flexible requirements for investors and entrepreneurs including the startup owners to apply for the UAE Golden Visa and Green Residency Visa under a new set of executive regulations. This […]
Bahrain Comes Out Winner in FDI Per Capita Amongst the GCC Nations
The business landscape in Bahrain is constantly evolving; through economic policy reforms, simplification of business processes, huge investment in physical and digital infrastructure and enhancement of regulatory procedures. The country is focusing on non-oil futuristic target sectors for increased competitiveness and sustainability and attracting foreign investment through Bahrain company incorporation in the areas of opportunity […]
Oman Unveils Increased Foreign Investment Opportunities in the Country
Overview Oman is on a spree of enforcing reforms and undertaking initiatives to attract foreign investment and put the country on the global map as one of the most lucrative destinations for trade and investment and economically at par with the developed nations. The Ministry of Commerce, Industry, and Investment Promotion (MoCIIP) has recently issued […]
MAS Tightens Tax Incentive Qualification Criteria of Singapore Family Offices
The Monetary Authority of Singapore (MAS) announced new stricter rules on 18th April 2022 for family offices that are benefiting from tax incentives in the country. The new rules have come into force from 18th April, Monday itself. The revised rules apply to Section 13O and Section 13U of the Singapore Income Tax Act in […]
UAE and South Korea Sign MoU to Promote Entrepreneurship and Support for SMEs
The UAE Ministry of Economy (MoE) and the Korea Federation of SMEs (KBIZ) have recently agreed to develop entrepreneurship and strengthen partnerships between SMEs through cooperation. Abdullah Al Saleh, Under-Secretary of the Ministry of Economy; and Kim Ki-mun, Chairman of KBIZ, signed this MoU in the presence of UAE Minister of State for Entrepreneurship and […]