UAE Anti-Money Laundering Laws: What Businesses Need to Know
Recent years have seen significant strides taken by the United Arab Emirates (UAE) to strengthen its legal and regulatory framework in combatting money laundering (ML), terrorism financing (TF), proliferation financing (PF) and other forms of financial crime. Recent changes to relevant laws have increased coverage of regulated entities while prompting businesses to become more familiar […]
Saudi Arabia Launches Innovative Special Economic Zones to Boost Economy
Saudi Arabia has announced the establishment of four new Special Economic Zones (SEZs) as part of its Vision 2030 economic diversification, innovation, and international investment attraction strategy. The new SEZs are strategically positioned throughout the nation to serve a variety of industries and sectors, including advanced manufacturing, logistics, food processing, maritime, and cloud computing. The […]
Navigating the Complex UAE Freezone Landscape
The United Arab Emirates has become a leading international business hub. Part of what draws businesses here is its myriad Freezones. UAE has over 45 economic zones focused on specific sectors, but this may prove confusing for companies that wish to set up operations in the country. Companies seeking Dubai free zone company formation must take […]
India and Singapore Strengthen Economic Partnership: An Examination of Trade and Investment Trends
India and Singapore are consistently strengthening their Strategic Partnership, with Singapore contributing to a quarter of India’s trade with Southeast Asia during FY 2021-22. Furthermore, Singapore has emerged as India’s leading foreign direct investment (FDI) source, and its prominent FDI firms are actively engaging in company formation in India for urban planning and infrastructure projects […]
Dubai Real Estate: Ideal Time for Investment
Dubai’s real estate market has experienced tremendous growth over the past decade, making it an ideal investment opportunity, according to experts in the city’s property industry. Dubai has become a sought-after destination for international investors and first-time buyers looking for investment opportunities within the UAE. Experts suggest that the sector is not showing any signs […]
UAE Introduces Small Business Relief to Support SMEs and New Businesses
The United Arab Emirates (UAE) Ministry of Finance has announced a new initiative to reduce the corporate tax burden and compliance costs of small and micro-businesses, including startups. Small Business Relief Ministerial Decision No. 73 of 2023 will be applicable to periods beginning after the 1st of June 2023 and ending on the 31st of […]