- NEWSLETTER,U.A.E
- May 9, 2025
The Gulf region has long been associated with oil resources and generational wealth. However, a new transformation is redefining the economy of the UAE, where family offices are evolving from private wealth managers to powerful decision-making entities. This is a remarkable trend that has been shaping global investments and strategies.
Recent decades have witnessed the establishment of high-rise financial zones like DIFC and ADGM in Dubai and Abu Dhabi. Today’s family offices in the UAE are no longer confined to managing trusts or family fortunes in the background. Wealthy families and HNIs are turning to single family office in Dubai to preserve generational wealth and build resilient finance management strategies for the long run.
How the UAE evolved as a Centre of Wealth
Financially, the UAE has tremendously transformed over the years, and the answer lies in more than its glamorous real estate industry or attractive tax incentives. Financial transparency, legal maturity, and global accessibility are some of the factors that make the country a preferred destination for the wealthiest families of the world.
Let’s have a look at these numbers to get a comprehensive overview:
- The DIFC, in 2024, reported a 25% spike in licensed
- Currently, the UAE has more than 6.900 active entities
- Many of these wealth management firms cater to ultra-high-net-worth families
- ADGM recorded a massive 245% growth in its total AUM
All these numbers further cement the reputation of ADGM as a trusted financial hub.
By 2025, Middle Eastern family offices are projected to manage over $500 billion in assets—putting them on par with major institutional investors.
Moreover, laws like the DIFC Family Arrangements framework and the UAE Family Business Law allow wealthy families to plan for governance, succession, and risk management with clarity and confidence.
The Broader Mission of Modern Family Offices
Family offices in the UAE, too, have transformed over the decade. Today’s family offices operate more like a combination of private investment firms, strategic advisory bodies, and legacy builders. These family offices are responsible for overseeing vast portfolios diversified globally. They invest in different avenues, from Silicon Valley startups to European real estate.
Modern family offices coordinate succession plans that bridge generational and cultural divides. These professionals shape philanthropic initiatives that reflect changing values of families.
As their scope of operation expands, family offices, too, need competent leadership. These organizations need leaders who can wear multiple hats and manage moth financial complexity and family values with their skills.
The Key to Success For Family Offices
Efficient leadership is the key to success for family offices.
- Leadership is more critical than legal or financial structures in the success of a family office
- CEOs must balance the intentions of founders with the evolving goals of the next-generation heirs
- CIOs need to generate returns while respecting the legacy and values of families
- Legal heads need expertise in complex, multi-jurisdictional regulations like ADGM and DIFC
- Ideal leaders are generalist specialists skilled in finance, governance, and relationships
- Family offices in the UAE are shifting to second or third generation of leadership, which requires new styles
- Effective leaders can efficiently bridge generational gaps, preserving both wealth and emotional unity
Choose The Strategic Partner to Grow Family Offices
As the role of family offices in the UAE evolves, finding the right leadership is no longer about filling roles, but shaping legacies. As family offices grow in ambition and complexity, having the right professionals on board has become far more crucial.
Established consultants like the IMC Group provide professional advisory services to help Single family office in Dubai. These experts approach leadership with a long-term strategic partnership to keep family offices competitive.
- NEWSLETTER,U.A.E
- May 9, 2025
As Dubai consolidates its position as a global financial hub, advanced technologies like artificial intelligence are significantly shaping innovations in the city. AI firmly stands at the centre of this transformation, spearheading growth as global firms eye a growth trajectory in the Middle East.
The Dubai International Financial Centre (DIFC) has been pushing this innovation further ahead, integrating it with the financial ecosystem in the region. Growing firms in the UAE are increasingly seeking AI consulting services from established teams to stay ahead of the curve.
The Integration of AI in DIFC Operations
Speaking at the Dubai AI Festival, the Governor of DIFC revealed that AI is currently being used in 26 categories of service requests within the centre. It accounts for nearly 15% of all interactions between businesses and tenants.
This trend is not just about digitization, but the institutionalization of AI across core service delivery systems.
The Dubai AI Campus, a hub for innovation in the DIFC, also supports this trend. Interestingly, the Campus has attracted more than 180 AI-driven startups in the last one year. It has been shouldering a crucial responsibility in accelerating AI-oriented growth in the economy.
A Global Business Hub with a Digital Advantage
The appeal of the DIFC extends beyond infrastructure. It is home to a professional community of over 44,000 and offers a tax-free environment. The DIFC also conducts business in English and is consolidated by a stable currency based on dollars. All these elements make the international environment for businesses highly competitive in the Middle East.
The financial implications of this transformation are significant. In 2023, the AI sector in Dubai was valued at $3.5 billion, and is projected to reach $46 billion by 2030. It marks a tremendous annual growth rate of 44%. This figure marks the rise of intelligent systems that have been:
- Reshaping operations
- Enhancing risk analysis
- Improving customer service
- Improving operational efficiency
Key Factors Driving Policies Behind the Growth of AI
The AI-oriented vision of Dubai is not solely about expanding its economy. Structural requirements are a crucial factor in this growth trajectory. A large proportion of the Emirati workforce remains concentrated in public sector roles. This employment model has been flagged as unsustainable by the International Monetary Fund (IMF) considering that the demand for oil might decline in the long term as the world switches to renewable energy. Therefore, the adoption of AI serves both a financial and a strategic goal.
Interestingly, in Dubai, both digitization and longstanding traditions find a balanced coexistence. For instance, paper cheques remain common for rental and leasing transactions. Cash continues to dominate the famous gold souk of the city. However, gradual changes are under the way, with top real estate developers now accepting Bitcoin.
Seek AI Consulting Services From Professional Advisors
- NEWSLETTER, U.A.E, SINGAPORE
- May 8, 2025
A Strategic Agreement with Global Intent
Signed under the patronage of His Highness Sheikh Saud bin Saqr Al Qasimi, the agreement grants THi a lease of more than 300,000 square meters of land in the Al Hamra region. This space will be developed into a sophisticated industrial park. The goal is to attract:
- High-tech enterprises
- Smart manufacturing ventures
- Firms from East Asia known for their innovation
This development marks a pivotal step in the long-term economic vision of Ras Al Khaimah. It further strengthens its integration into global supply chains while reinforcing its reputation as a strategic investment destination.
Businesses are partnering with top consultants for their company formation in Singapore, which can open a channel to benefit from the ongoing developments.
Real Estate Developers in Asia Back the Deal
THi will collaborate with SC Capital Partners, an investment management firm headquartered in Singapore to develop this industrial park. SC Capital Partners is known to have deep expertise in real assets.
Let’s have a look at some interesting facts:
- CapitaLand Investment, which owns a 40% stake in SC Capital Partners, adds substantial global weight to the initiative
- With an AUM of more than $100 billion, CapitaLand’s involvement further demonstrates strong institutional confidence in the UAE market
- This coalition brings a powerful combination of capital, capability, and vision to the emirate.
Infrastructure Development and Job Creation
The development of infrastructure is likely to generate substantial economic outcomes for Ras Al Khaimah and the wider UAE.
- Over multiple sectors, over 1,800 new jobs are expected in the coming years
- More than 50 tenants are anticipated within the industrial park
- Core industries include electric vehicles, renewable energy, and advanced materials
Diplomatic and Executive Support Reflects Strategic Value
Prominent stakeholders were present at the signing ceremony, including
- Ramy Jallad, CEO of RAKEZ
- Frank Wu, Founder and Chairman of THi
- H.E. Mohammad Al Hawi, UAE Ministry of Investment
- Senior executives from CapitaLand and SC Capital Partners
Professional Consultation for Company Formation in Singapore
- NEWSLETTER, U.A.E, INDIA
- May 8, 2025
The Comprehensive Economic Partnership Agreement signed between the UAE and India has officially completed three years. Signed in February 2022, the agreement has evolved into a significant economic framework that drives regional integration and growth in crucial sectors.
As the agreement completes its third year, it stands as a model of diplomacy and mutual ambition, encouraging the flow of investments. The CEPA has reshaped value chain strategies across the Gulf and South Asia across over the last three years.
Currently, organizations from India are seeking expert consultations for company formation in Dubai to capitalize on the favourable business environment.
Economic Alliance between the UAE and India Keeps Depending
After the CEPA came into existence, commercial activities between the UAE and India have picked up pace. Businesses have significantly benefited from liberalized tariffs and streamlined procedures. As per the GJEPC (Gem and Jewellery Export Promotion Council), bilateral trade between these two countries witnessed a sharp rise from US$20.88 billion to US$28.15 billion between FY2022 and FY2024, growing at a rate of 35%. This remarkable surge was achieved mainly due to the removal of trade barriers.
The CEPA also promoted high-value trade, particularly in the gem and jewelry segment. In just two years, India’s gem and jewelry exports to the UAE rose from US$4.95 billion to US$8.04 billion, marking a 60% increase. Currently, the UAE commands nearly a quarter of the overall exports from India in this category, surpassing Hong Kong as the second-largest destination market.
Companies in India are actively seeking professional solutions from business set up consultants in UAE to establish their presence in the country.
Growth in Jewelry and Precious Metals
Thanks to the CEPA, the jewelry and precious metal sector in India has witnessed significant growth. The trade agreement has granted Indian exporters duty-free access to the UAE market.
- Exports of plain gold witnessed over 2X growth, reaching US$4.24 billion in FY2024 at a rate of 127.6%.
- Exports of studded gold jewelry and lab-grown diamonds also showed upward trends.
- Exports of platinum jewelry soared by more than 820% from India.
Streamlining Imports and Investment Strategies
The CEPA has introduced the Tariff Rate Quota mechanism, which streamlines India’s gold imports. The TRQ allows gold from the UAE to be imported at a concessional duty of just 1% in India. In recent years, gold imports by India from the UAE witnessed a 126.8% surge.
This evolving trade environment presents long-term opportunities for investors in the UAE to participate in the expanding jewelry sector in India. Investments in Indian jewelry parks, refining facilities, and mega common facility centers (CFCs) are gaining momentum under the Make in India scheme. As a result, a mutually beneficial investment loop is taking shape between the two countries. Naturally, a larger number of Indian organizations are looking for company formation in Dubai to benefit from the tremendous opportunities.
Reach out to the Business Set Up Consultants in UAE
As CEPA progresses to its next phase, the potential for bilateral trade between the UAE and India is projected to cross $30 billion in the next five years. Interestingly, CEPA is also empowering micro, small, and medium enterprises (MSMEs), integrating them into the global supply chain. As a result, more jobs are being created, supporting industrial diversification in key manufacturing sectors.
As the trade environment looks favorable, it’s time for companies to seek professional support from established business set up consultants in UAE like the IMC Group. With a dedicated assistance from experienced advisors, organizations can grow their presence in the UAE with confidence.
- Newsletter, U.A.E.
- May 8, 2025
The UAE Ministry of Finance has introduced crucial changes that can affect tax groups and Free Zone businesses. The authorities have amended its guidance under the Corporate Tax Law, Federal Decree-Law No. 47 of 2022. The regulation now requires all tax groups to prepare audited special purpose aggregated financial statements. This is a significant step that will align financial reporting standards in the UAE with international compliance benchmarks.
Lawmakers in the UAE prioritize transparency and strive to reduce ambiguity as they introduce these amendments. Businesses must seek professional advisory services from an established corporate tax consultant in UAE to remain compliant.
Special Purpose Financial Statements Now Mandatory for Tax Groups
While the requirement applies to all tax groups as a whole, individual entities within the group are exempt from preparing audited stand-alone statements. This norm will significantly reduce operational burdens without compromising the integrity of consolidated reporting.
The goals of the UAE Ministry of Finance are clear, as they strive to ensure consistency in reporting and streamline tax obligations. With this approach, the UAE can uphold its reputation as a transparent and investor-friendly country. These special purpose statements will be a vital component of corporate tax assessments in the future.
New Guidance on Distribution Activities Expected for Free Zone Businesses
The updated set of norms also explains the tax implications of Qualifying Free Zone Persons. This applies particularly to those involved in distribution activities within or from Designated Zones. Interestingly, existing tax benefits under the Free Zone regime remain unchanged. However, businesses in this category must await further clarification regarding the procedures.
The FTA is likely to issue a detailed guidance that should help these entities comply with the new set of norms. This ensures that they can maintain their eligibility for the 0% Corporate Tax rate, where applicable.
For businesses dealing with logistics, supply chains, or trading in the Free Zones, this clarity is essential to develop strategy that ensures compliance.
Strategic Implications for Corporations Operating in the UAE
The new regulatory updates reflect the key priorities of the UAE. The country strives to ensure compliance and maintain a competitive edge in global commerce. Businesses, therefore, must consult reputed tax professionals to adhere to the best accounting practices. With expert support, companies operating in the free zone can comply with the eligibility criteria.
For corporate groups in the UAE and Free zone companies, this is the right time to seek expert advisory services. Professionals can offer a comprehensive solution, scrutinizing the financial consolidation process and helping businesses prepare for audits in the future.
Corporate Tax Consultation Services in UAE
Regulatory changes can be demanding for businesses prioritizing compliance. MNCs and Free Zone entities must react to these changes and stay ahead of them. An experienced corporate tax consultant in UAE, like the IMC Group, can help organizations with end-to-end support to ensure compliance. The professionals evaluate the structure of corporate groups and help these organizations align with the right financial reporting processes.
Free Zone businesses can also seek expert insights as they prepare for the clarifications likely to be issued by the FTA. With professional support, companies can maintain their tax efficiency under the evolving corporate tax framework in the UAE.
- Press Release
- April 30, 2025
IMC Group's Dubai Branch Awarded "Most Trusted Corporate Advisory & Business Solutions Provider" at UAE Business Awards 2025
Dubai, UAE – IMC Group proudly announces that its Dubai branch has been awarded the title “Most Trusted Corporate Advisory & Business Solutions Provider 2025 – Dubai” by MEA Markets at the esteemed UAE Business Awards. This prestigious accolade underscores IMC Group’s unwavering commitment to delivering exceptional business setup consultancy and corporate compliance solutions for clients across Dubai and the UAE.
This recognition reflects our commitment to helping businesses navigate Dubai’s complex regulatory environment. We provide our clients with the essential support to thrive in a highly competitive market. As trusted business setup consultants, we provide comprehensive corporate advisory services, guiding clients through every step, from company formation to compliance, so they can operate smoothly and legally in the region.
A Client-Centric Approach to Corporate Solutions
Our ongoing success arises from prioritising our clients. Focusing on our clients’ distinct needs, we provide customised and effective solutions that enable businesses in diverse sectors to thrive. Our team specialises in corporate advisory, helping businesses establish their presence in Dubai and maintain compliance with local regulations, which significantly minimises their risk of non-compliance.
Receiving this recognition is a remarkable milestone for our Dubai team. It reflects our team’s dedication and excellence in assisting clients with business setup and corporate compliance every day. This acknowledgement strengthens our commitment to providing reliable and comprehensive advisory services that guide businesses through every phase of their journey in Dubai.
Comprehensive Corporate Compliance Solutions
As expert business setup consultants in Dubai, we offer a range of services, including company formation, trade licenses, PRO services, and ongoing compliance support. Our in-depth understanding of corporate governance and legal frameworks enables businesses to navigate Dubai’s dynamic regulatory landscape confidently.
We help businesses choose the right free zone or mainland setup, ensuring they meet legal requirements and achieve operational success in the UAE. Our dedicated team collaborates with clients to offer end-to-end support, ensuring every step of the process—from initial setup to ongoing compliance—is executed seamlessly.
Setting New Standards in the Industry
Receiving this award highlights IMC Group’s leadership in corporate advisory and business setup in Dubai. Through our comprehensive services, we constantly set new benchmarks in the industry for corporate compliance, business structuring, and regulatory support.
We are dedicated to supporting businesses in their growth and success by providing strategic, timely, and tailored guidance that addresses each client’s unique needs.
For more information about our consulting services for business setup and corporate compliance solutions, please visit us at https://intuitconsultancy.com/ae/
- Article, SINGAPORE
- April 30, 2025
Singapore has long been a global hub for investment, and the country continues to attract foreign investors through its unique initiatives. The government here has developed the Global Investor Programme (GIP), attracting high-net-worth individuals and entrepreneurs.
As a part of this program, Singapore offers permanent residency to high-net-worth individuals (HNWIs), entrepreneurs, and established business owners in exchange for substantial business investments. In the process, the country aims to strengthen its economic environment and foster innovation.
This approach has been effective for Singapore as it creates job opportunities while providing investors with a stable and business-friendly environment.
- What is the Global Investor Programme (GIP)?
- Eligibility Criteria for the Global Investor Programme (GIP)
- Investment Options under the Global Investor Programme (GIP)
- Application Process for the Global Investor Programme (GIP)
- Documentation and Compliance Requirements
- Compliance Requirements
- Benefits of GIP Permanent Residency
- Why Do Investors Prefer Singapore as a Business Hub?
What is the Global Investor Programme (GIP)?
Foreign entrepreneurs can obtain a Permanent Residency (PR) in Singapore by making strategic investments into the country’s economy. The GIP program is administered by Contact Singapore. This is a division of the Singapore Economic Development Board (EDB). It has been designed to attract individuals who have a proven track record in certain fields and are ready to contribute to the economy of the city-state.
This program opens up the doors for global investment opportunities with Singapore residency. It has been a part of the long-term economic strategy of the country. In the process, Singapore has emerged as a leading global hub for innovation and business.
Investors joining this program not only benefit from residency, but also gain access to a well-regulated financial system. The favourable business environment and robust legal framework, along with the gateway to Asia-Pacific markets, make Singapore a preferred choice for investors.
The GIP has evolved over the years as per the national priorities of Singapore. Notably, from February 21 2025, key updates will come into action to enhance transparency and strengthen the impact of investment in local sectors. These changes demonstrate the commitment of the government to sustainable growth and ensure that GIP applicants bring meaningful value to the dynamic business ecosystem in Singapore.
Investors can build deeper roots through the Singapore permanent resident investment program professionally, financially, and personally.
Eligibility Criteria for the Global Investor Programme (GIP)
Applicants need to demonstrate a significant track record in entrepreneurship to qualify for the Global Investor Program. Also, they need to showcase their financial strength and put forward a clear intent to anchor their business or investment operations in Singapore.
There are three main applicant categories. There are three main applicant categories, each with its own set of eligibility requirements:
1. Established Business Owners
You must:
- Have a track record of at least 3 years in entrepreneurship or business
- Currently operate a company in Singapore for which the annual turnover should be at least SGD 200 million in the latest year. The average annual turnover for the last 3 years should be a minimum of SGD 200 million a year.
- In case you own multiple companies, you may consolidate the revenue, but make sure to provide a clear ownership structure.
2. Next-Generation Business Owners
You must:
- Operate as a part of a family that owning a well-established business. The annual turnover should be at least SGD 500 million in the most recent year.
- Must be part of the management team of the company
- Provide a letter of endorsement from a family member with substantial ownership in the business.
3. Founders of Fast-Growth Companies
You must:
- Be one of the largest individual shareholders and the founder of a company with high growth and a valuation of at least SGD 500 million.
- Reputable private equity or venture capital firms must have invested in the company.
4. General Criteria for All Applicants
- A clean personal and professional track record.
- Ability to contribute to the economy of Singapore and refine its innovation and talents
- Must fulfill the investment options as outlined under GIP guidelines.
Investment Options under the Global Investor Programme (GIP)
Option A: Invest in a New or Existing Business in Singapore
- Minimum investment should be SGD 10 million
- Applicants must either start a new business or invest in the expansion of an existing one
- They must submit a detailed business or investment plan for 5 years
- The business must operate in an approved sector like energy, fintech, precision engineering, aerospace, or healthcare.
Option B: Invest in a GIP-Approved Fund
- Minimum investment is SGD 25 million.
- Funds must be approved by EDB and meet stringent performance and governance criteria.
- These funds typically focus on Singapore-based companies, supporting innovation and scaling operations.
Option C: Establish a Single-Family Office in Singapore
- Minimum assets under management (AUM) should be SGD 200 million.
- At least SGD 50 million must be allocated for investments based in Singapore.
- The family office must employ at least 5 professionals, including investment professionals.
- This option is ideal for high-net-worth individuals looking to manage family wealth and legacy planning from Singapore.
| Option | Minimum Investment | Focus Area | Key Requirement |
| A | SGD 10 million | Business creation or expansion | Submit 5-year business plan |
| B | SGD 25 million | GIP-approved fund | Minimum 5-year holding period |
| C | SGD 200 million AUM | Family wealth management | At least SGD 50M invested locally |
Application Process for the Global Investor Programme (GIP)
Step-by-Step Application Process
- Review the eligibility criteria and select an investment option:
- Option A: Invest at least S$10 million in a new or existing business entity in Singapore.
- Option B: Invest S$25 million in a GIP-select fund that invests in Singapore-based companies.
- Option C: Establish a Singapore-based Single-Family Office with Assets-Under-Management (AUM) of at least S$200 million, deploying at least S$50 million in specified investment categories.
- Gather relevant financial statements and business documents.
- Draft a 5-year business or investment plan, if applying under Option A.
- Fill out the GIP E-Application Form
- Submit Form 4 (Application for Entry Permit to Enter Singapore).
- Fill in and attach the Family Background Excel Sheet for all family members.
- Certified true copies of personal identification documents like passport or birth certificate.
- Company financials for the last 3 years.
- Organisational chart and proof of shareholding.
- Academic certificates, CVs, and employment history.
The Singapore Global Investor Program (GIP) application fee is 10,000 SGD.
Interview with EDBApplicants may be invited for an interview to discuss their business track record and intentions in Singapore.
Approval-in-Principle (AIP)After a successful evaluation, applicants will receive an AIP Letter. It will be valid for 6 months, within which you must complete the investment.
Final Approval- Submit documentary proof of the investment made.
- The PR status will be granted upon completion.
- The whole GIP application process will take between 9 – 12 months
Documentation and Compliance Requirements
Applicants interested in obtaining a Singapore Permanent Residence through the Global Investor Programme (GIP) must submit a comprehensive set of documents. These ensure due diligence, transparency, and eligibility verification.
Have a look at this list of the mandatory documentation:
Document | Details |
Identity Documents | Certified true copies of valid passports, birth certificates, and (if applicable) marriage certificates. |
Business Track Record | Detailed business profile outlining the nature, size, and global presence of the applicant’s company. |
Financial Records | Audited financial statements for the past three years of the main business of the applicant. These must be certified by a registered audit firm. |
Investment Intent | Detailed investment plan specifying the type and scale of intended investment in Singapore. |
Proof of Funds | Documentation proving legal ownership of the investment funds, including bank statements and supporting financial disclosures. |
Compliance Requirements
As per the rigorous governance standards in Singapore, applicants must comply with the following:
- Language of submission: All documents submitted must be in English. If the originals are in a foreign language, it’s mandatory to provide certified English translations.
- Source of funds verification: Applicants must prove that their investment funds come from legitimate sources. This includes providing tax returns, transaction histories, and legal declarations.
- Anti-money laundering (AML) regulations: GIP applicants should comply with the AML and Counter Financing of Terrorism (CFT) laws in Singapore. In case any fund flow or ownership structure appears unclear, it may lead to rejection.
- Residency requirements: PRs approved by the GIP must maintain a residence in Singapore and actively contribute to its economic environment. They must carry out business operations or make these contributions through family office activities.
Benefits of GIP Permanent Residency
1. Unrestricted Residency and Employment Rights
2. Access to World-Class Healthcare and Education
3. Opportunities for Owning Properties
4. Pathway to Citizenship
5. Family Inclusion
Why Do Investors Prefer Singapore as a Business Hub?
Global investors are interested in company formation in Singapore, as the country has emerged as a prime investment destination over the decades. Here are some key aspects investors should take into account while considering Singapore as an investment destination.
1. Economic Stability and Robust Growth
2. Strong GDP Growth
3. Strategic Location
4. Extensive Network of Trade Agreements
5. Business-Friendly Environment
6. Transparent Legal Framework
7. Access to Skilled Talent
8. Investor-Friendly Policies and Incentives
FAQs
1. Can my family apply for PR through the GIP?
2. How long does it take to process the GIP application?
3. Is there a minimum investment amount for the GIP?
4. Are there restrictions on how I can use the invested funds?
Conclusion
For high-net-worth individuals and entrepreneurs, the GIP is a remarkable opportunity to obtain residency by investment Singapore. They can also benefit from a thriving and dynamic economic environment in the country.
With professional advisory services from the IMC Group, applicants can choose the most appropriate investment routes. Accordingly, investors can align their financial goals with the strategic advantages that the lucrative business ecosystem in Singapore offers.
Proper guidance and careful planning enables investors to make the most of the GIP. Singapore’s economic environment looks dynamic, and businesses must partner with the right team of professionals as they stride ahead to long-term growth.
- Publications
- April 17, 2025
Please complete your details below to download:
- NEWSLETTER,SINGAPORE
- April 9, 2025
Singapore, the focal point of business in Asia, has been at the forefront of economic innovation. The country continues to be one of the most preferred places for doing business and attracts international investors through its structured pathways. One of the strategic approaches taken by the country to draw global investors is to offer them residency facilities.
Now, founders who establish a business in the city-state and contribute to the economy of Singapore can enjoy residency rights in the country. The stable economy, transparent legal system, and strategic access to global markets are some of the factors appealing to international investors.
The Singapore Global Investor Program allows foreign nationals to apply for permanent residence status. This initiative targets entrepreneurs and investors keen on making significant financial contributions to Singapore. Its primary goal is to attract affluent individuals looking to establish their homes in Singapore.
The EntrePass & Global Investor Program
- The EntrePass
- The Global Investor Program
The EntrePass
- Applicants must register with ACRA as a Private Limited Company in Singapore (Pass holder must hold at least 30% of the registered company)
- Venture-backed or owns innovative technologies
A company qualifies as venture-backed or possessing innovative technologies if it meets the following criteria:
- Secured investment from entities such as government funding sources, venture capitalists, corporations, family offices, or angel investors.
- Created, produced, or brought to market technology-based products, services, or platforms.
- Obtained patents through an accredited national intellectual property authority.
- Engages in active research collaborations with a research institution.
Typically, this process takes 8-12 weeks and involves multiple levels of evaluation.
The Global Investor Program
On the other hand, the government has designed the Global Investor Program(GIP) for seasoned investors and business leaders. For qualification, applicants need to demonstrate a strong track record of entrepreneurship and robust finances.
The Favorable Business Environment in Singapore
Singapore is currently placed in the top five countries in terms of ease of doing business. The low corporate tax rate of 17%, minimal restrictions, and streamlined regulations make it the perfect place for setting up an organisation.
In Singapore, startups benefit from generous tax exemptions during their first three years. Moreover, Under the Economic Expansion Incentives (Relief from Income Tax) Act (“EEIA”), the Minister for Trade and Industry has the authority to designate qualifying companies as pioneer enterprises or pioneer service companies. Once approved, these companies can benefit from a tax relief period that lasts up to 15 years, during which any income generated from the pioneer trade will be exempt from taxation.
Singapore invests significantly in R&D, with expenditure accounting for approximately 1.9% of its GDP as of 2021.
This encourages innovation in high-growth sectors like clean energy, biotech, and fintech. This environment also creates a favorable environment for startups.
Strategic Access to Different Markets
Innovation for Business
Establishing a business in Singapore is a streamlined process, particularly for global organisations.
Choosing the Right Business Structure: Many foreign companies prefer to establish a Private Limited Company in Singapore. This organisational model provides limited liability protection and enables the subsidiary to function as a distinct legal entity, separate from its parent company.
Next, the organisation needs to register with the Accounting and Corporate Regulatory Authority (ACRA). This process includes:
- Approving the company name
- Submitting the documents
- Licensing specific to sectors like finance or healthcare
The third step involves opening a corporate bank account, which involves formal paperwork. Organisations need to obtain the incorporation certificate, provide the details of the shareholders, and present the business plan.
Professional Support for Setting up a Business in Singapore
Singapore stands out as a compelling destination for global investors and professionals, thanks to its vibrant business landscape and strategic geographic location. As of June 2024, the nation’s population has grown to 6.04 million, with non-residents—including expatriates, foreign workers, and international students—making up about 30.8% of this figure.
The country’s strong residency programs enable easy travel across Asia, creating numerous opportunities for regional projects and collaborations. This ease of access significantly bolsters Singapore’s status as a prime hub for multinational enterprises.
Naturally, global investors are looking to establish their presence in Singapore. Professional consultancy experts like the IMC Group provide comprehensive support during company formation in Singapore, streamlining the process for entrepreneurs and foreign organisations. For startups and established businesses, this professional assistance is crucial to gain legal clarity and ensure compliance while setting up a business in Singapore.
- NEWSLETTER,U.A.E
- April 9, 2025
The corporate tax system in the UAE has established clear guidelines for individuals and businesses engaged in commercial activities in the country in 2025. According to the Federal Tax Authority (FTA), these entities are required to register for tax. Based on the type of the entity, the authorities have announced specific deadlines.
Businesses and individual enterprises need to comply with these deadlines to avoid penalties. Failing to register a business on time can invite a fine of AED 10,000. Organizations operating in the city, therefore, must seek professional advisor solutions from established corporate tax consultants in Dubai to ensure compliance.
Tax Registration Deadlines in the UAE
Natural Persons
If you’re an individual or natural person operating in business or providing professional services in Dubai, you must register for corporate tax if the revenue exceeds AED 1 million in a financial year.
Revenue Threshold Met | Tax Registration Deadline |
Revenue exceeded AED 1 million in 2024 | 31st March, 2025 |
Revenue exceeds AED 1 million in subsequent years | 31st March of the following year |
In case an individual fails to register the business before the due date, an administrative fine of AED 10,000 will apply.
UAE-Registered Businesses
If you’re a business holding a commercial license in the UAE that was issued before 1st March 2024, remember the following dates.
| License Issued | Registration Deadline |
| January – February | May 31, 2024 |
| March – April | June 30, 2024 |
| May | July 31, 2024 |
| June | August 31, 2024 |
| July | September 30, 2024 |
| August – September | October 31, 2024 |
| October – November | November 30, 2024 |
| December | December 31, 2024 |
If you did not hold a commercial license as of 1st March 2024, you must complete your registration within the first three months commencing from this date.
Businesses Incorporated After March 1, 2024
Non-Resident Businesses
Foreign businesses that have a Permanent Establishment (PE) or a Place of Effective Management (POEM) in the UAE must comply with the following deadlines:
| Entity Type | Registration Deadline |
| PE created before March 1, 2024 | Within 9 months of establishment |
| PE created after March 1, 2024 | Within 6 months of establishment |
| Foreign company with POEM in UAE | Within 3 months after the end of its financial year |
Key Issues Faced by Businesses While Ensuring Compliance
Although the registration framework has been structured, many businesses are encountering difficulties in compliance due to misunderstandings or regulatory complexities. Some of these common challenges include:
- Corporate tax vs. VAT registration: Some businesses mistakenly assume that VAT registration automatically covers corporate tax registration. However, the FTA has clarified that both require separate registration.
- Tax treatment in free zones: Free zone businesses may be eligible for 0% corporate tax under Article 18 of the tax law. However, they must still register and file tax returns annually.
- Foreign businesses: Many non-resident businesses with POEM in the UAE are unaware that they must register within three months after their financial year ends, even without a commercial license in the UAE.
- Requirements for updates: Organizations must report any changes to trade licenses, business activities, or ownership to the FTA within 20 days. Many businesses struggle to determine whether they must update even minor modifications.
Penalties for Late Registration and Non-Compliance
| Violation | Penalty |
| Not registering for corporate tax within the deadline. | AED 10,000 (US$2,722) |
| Not updating tax records within 20 days | Variable (case-dependent) |
| Filing corporate tax late | Determined by FTA (based on the delay period) |
Professional Compliance Advisory Services
The new corporate tax framework in the UAE presents businesses with significant challenges. Organizations in the UAE must adhere to strict tax registration and reporting requirements.
Proactive businesses must seek compliance advisory services from professional consultants like the IMC Group. With accurate record-keeping and proactive measures for compliance from these tax experts, organizations can ensure smooth operations amidst the evolving tax regime in the UAE.
A Member Firm of Andersen Global
- 175+ Countries
- 525+ Locations
- 17,500+ Professionals
- 2350+ Global Partners
IMC Group