In a residency policy reform, the United Arab Emirates recently announced an easing of residency rules for expatriates and issuance of green visas to overhaul its economy and attract foreign talents.
Bahrain, the smallest amongst the six GCC countries including Saudi Arabia, UAE, Oman, Qatar and Kuwait has announced during the last week of September 2021 to increase the VAT rate to 10% from the prevailing rate of 5% effective from 1st January 2022.
UAE has emerged as one of the most attractive business destinations in the world and provides access to billions of consumers in West Asia, Eastern Europe, Africa and neighbouring Middle Eastern countries.
Dubai Expo 2020 being in full throttle and pandemic restrictions tapering off, Dubai gets back to business with renewed vigour, and enthusiasm.
Despite the cultural, political and economic dissimilarities, the largest Arab economy and biggest oil exporter Saudi Arabia has long enjoyed a close relationship with certain European countries including the UK, France and Germany.