The Federal Tax Authority (FTA) has introduced a VAT refund scheme in the United Arab Emirates for foreign businesses. With this scheme, all eligible non-United Arab Emirates established businesses will be able to submit the VAT refund requests for the calendar year 2019. However, the refund application needs to be made by 31st August 2020.
It’s been nearly a year since President Mukesh Aghi of the USISPF (US-India Strategic and Partnership Forum) announced that 200 US companies are considering a move out of China into India after the 2020 general election. For those that are searching for a viable alternative to manufacturing base in the Communist nation, this is a tremendous opportunity for these companies. According to Aghi, these companies have been focused on investing in India since last year.
Singapore’s ease of doing business, transparent business and legal system, favourable business environment, advanced infrastructure and stable political environment have contributed to making this island nation a favourable destination for foreign investors to set-up their business. In order to maintain its dynamic business environment, the Singapore government requires all the Singapore company incorporations to abide by its audit and compliance regulations.
There are seven IT companies that are interested in investing approximately $3.1 million or 210 crore rupees for Bahrain company formation.The monetary investment will help to improve Bahrain’s technology and communication.
The world economy is staggering under the pressure of the CoVID-19 pandemic, which has now affected nearly 193 countries and impacted the livelihood of countless people all over the globe. As social distancing is the norm now, the businesses of all sizes are finding it hard to maintain a smooth run.