Unlocking SME Potential: The Power of the India-UAE CEPA Trade Agreement
The Comprehensive Economic Partnership Agreement (CEPA) between India and UAE has opened up new avenues for company formation in Dubai and India. CEPA was India’s inaugural bilateral trade agreement with any MENA country. Since then, trade flows between these nations have increased by almost 33%. CEPA places particular emphasis on providing an environment in which […]
Ultra-Rich Foreigners Remain Attracted to Singapore Property Market Despite Cooling Measures
Singapore has recently doubled the additional buyer’s stamp duty (ABSD) for foreign buyers of residential property from 30% to 60% in a bid to dampen investment demand. However, experts believe that this measure will not significantly deter ultra-rich foreigners from investing in Singapore’s property market in the long term. The latest round of property cooling […]
Singapore Seeks Digital Free Trade Agreement with the European Union
Singapore aims to commence negotiations for a digital free trade agreement with the European Union (EU) this year. This development follows a non-binding digital partnership agreed upon in February between the two parties, with Singapore’s Minister-in-charge of Trade Relations S Iswaran indicating that both sides are identifying projects to pursue through the partnership. The initiative […]
Estate Planning in the UAE: A Comprehensive Guide for Expats
As Dubai continues to establish itself as a wealth and asset management hotspot in the international finance landscape, it is essential for expatriates and non-Muslims with assets in the region to consider their estate planning options. This article aims to provide a comprehensive guide to the growing importance of the United Arab Emirates (UAE), particularly […]
Corporate Tax is Coming to the UAE – Are You Prepared?
On June 1st, 2023, the UAE will introduce a federal corporate tax at a rate of 9% for businesses. This new tax aims to strengthen the UAE’s business environment and meet international standards for tax transparency. The corporate tax will apply to businesses and corporate entities that make over 375,000 AED in annual profits. For […]
Driving Growth through Outsourcing: Understanding the Key Benefits of Back Office Operations in 2023
As business operations become, more complex and wage costs increase, outsourcing non-core back office functions can provide many advantages. Here are the top 5 benefits of outsourcing back-office operations in 2023: Cost savings Outsourcing back office functions like accounting, HR, IT support and facilities management can significantly reduce operating expenses. An outsourcing partner can provide […]