DIFC Fintech Firms: Attracting Record Investment Ahead of Dubai Fintech Summit
In preparation for the Dubai FinTech Summit scheduled for May 8th and 9th this year, under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance of the UAE, and President of the Dubai International Financial Centre, Dubai is further strengthening its […]
Dubai: The Gateway to Global Expansion for Indian MSMEs
In today’s changing global economy, Micro, Small, and Medium-scale enterprises play a vital role in driving economic growth and development. Indian MSMEs, which are often considered the backbone of the Indian economy, are now seeking to set up their businesses in Dubai beyond domestic markets. Dubai has emerged as their preferred destination for global expansion. […]
Rupee-Dirham Trade Deal to Boost Business Ties Between UAE and India
Abdulnasser Jamal Alshaali, the UAE ambassador to India, informed that technical discussions between the UAE and India are underway to establish a trade arrangement with a finalized rupee-dirham exchange rate. According to him, the technical discussion is still in progress, but they have already agreed to conduct a specific amount of trade between the UAE […]
The Singapore Budget 2023: What Entrepreneurs Need to Know
The Singaporean government announced the country’s budget for 2023 on February 14th. The theme of the budget centres on enhancing Singaporeans’ abilities and taking advantage of new opportunities amid increasing global uncertainty. In 2023, the government is expected to spend S$104.2 billion (US$78.1 billion), and the fiscal deficit is expected to be S$400 million (US$299 […]
Becoming a Tax Resident in the UAE: What You Need to Know
The UAE government released the Cabinet Decision No. 85 of 2022 on September 2nd, 2022, to establish tax residency regulations in the country. These regulations determine when an individual or entity, such as a natural person or a juristic person like Limited Liability Companies, public joint stock companies, and foundations, may be recognized as a […]
Why UAE’s Free Zones Are a Dream for Businesses: Corporate Tax Exemption
The United Arab Emirates (UAE) is a favoured investment destination for foreign investors. This is primarily due to its advantageous geographical location, economic and political stability, forward-thinking business regulations, and rich talent pool. Nevertheless, the Free Zones, dedicated areas for business activities with specialized corporate and tax rules, play a crucial role in making the […]