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Dubai Golden Visa 2025 for Yacht Owners and Professionals
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How Dubai’s Golden Visa Program Offers a 10-Year Haven for Yacht Owners and Global Talent

Dubai and Abu Dhabi have raised the anchor on a bold new expansion of the Dubai Golden Visa program. The UAE now offers a 10-year residency program to yacht owners and professionals in various fields, including nurses, content creators, gaming professionals, and teachers.

This strategic move falls in line with the broader ambition of the UAE to establish itself as a global hub for innovation and investment, attracting high-net-worth individuals. With this initiative, the UAE strengthens its foothold in the luxury tourism and maritime industries.

How the Golden Visa Program of the UAE Can Benefit Foreign Investors

Originally launched in 2019, the UAE designed its Golden Visa program to provide long-term residency for foreign investors, entrepreneurs, and specialized professionals. Now, the authorities announced an expansion of the program in May 2025. The residency program has been extended to include a wider range of categories. Particularly, this includes luxury yacht owners, maritime executives, and other high-value talent like nurses, teachers, content creators, and gaming professionals.

Applicants enjoy a suite of attractive benefits for foreign investors. These include:

  • No need for a local sponsor or employer
  • Full family sponsorship with the same duration of residency
  • No personal income tax, capital gains tax, or inheritance tax
  • Ease of doing business, banking, and property ownership in the UAE
  • The residency remains uninterrupted, even if the visa holder spends extended time outside the country

The UAE appears to be an incredible destination for those skilled talent looking to upgrade their lifestyles. Relocating to the UAE also brings in business growth and tax efficiency.

Now, let’s take a look at how the Golden Visa Program of the UAE can benefit foreign investors.

The Golden Quay and Superyacht Residency

Authorities have launched “The Golden Quay” in Abu Dhabi. This is a collaboration between the Abu Dhabi Investment Office (ADIO), the Department of Culture and Tourism (DCT), and Yas Marina. The initiative targets yacht owners whose vessels exceed 40 meters in length, along with key players in the same ecosystem.

Eligible individuals include:

  • Owners of yachts measuring 40 meters or longer
  • CEOs, major shareholders of yacht-building companies
  • Central yacht agents, brokers, and service providers
  • Yacht insurance and maintenance executives
  • Immediate family members of the principal visa holder

The Golden Quay Visa

The Golden Quay integrates this niche segment into economic and tourism plans in Abu Dhabi. It provides residency visas that remain valid for 10 years. Also, it includes marina rates, investment incentives, and access to world-class luxury amenities.

The Superyacht Golden Visa

In Dubai, the Superyacht Golden Visa takes the same approach. It allows yacht owners and industry executives to obtain long-term residency in the UAE. This new initiative was announced during the 2025 Dubai International Boat Show. Its goal is to anchor the status of the emirate as a leading yachting destination in the world. Interestingly, the UAE has yachting rivals like other popular hotspots like Monaco and the French Riviera.

Empowering Economic Diversification and Tourism

The new visa strategy in the UAE isn’t just about tourism. It is a calculated measure to fuel the growth of the marine economy of the country, which is currently valued at over $1.2 billion. At the same time, this initiative boosts high-end tourism, waterfront real estate, and marina infrastructure. At the same time, the country attracts UHNWIs with a taste for exclusivity.

The Golden Visa expansion is also part of the UAE’s Vision 2030. This initiative has been taken to attract 100,000 skilled professionals in the next five years to diversify the economy of the country beyond oil. Interestingly, the nation attracted 9.8 million visitors in 2024, and 15,000 startups are currently operating in Dubai. The government is aggressively carving out its identity as a knowledge-based economy that attracts global talent.

Golden Visa Now Available for Professionals from Other Fields

Apart from luxury yacht owners, five new categories of professionals have been added to the Dubai Golden Visa program.

  • Nurses with 15+ years of service
  • Educators, including school teachers and university staff
  • Digital content creators, including podcasters and influencers
  • E-sports and gaming professionals
  • Luxury yacht owners and industry leaders
All these professionals enjoy the same perks, like family sponsorship, tax benefits, residency stability, and seamless business operations. Interestingly, this flexibility isn’t available in the visa systems of many other countries. This positions the UAE as a leading choice for foreign nationals to relocate to in the long term.

Smart Investors Must Apply for Dubai Golden Visa

Foreign investors or entrepreneurs considering a long-term residency in the UAE must apply for the Golden Visa program. Even skilled professionals from different fields and yacht owners can now benefit from the favourable tax environment and world-class infrastructure. Consult a professional like the IMC Group to apply for the Dubai Golden Visa and relocate to the UAE. This is an excellent opportunity for those ready to invest in the Middle East or upgrade their lifestyles.

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Why Strong Accounting Systems Are Now a Strategic Requirement for SMEs in the UAE
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Why Strong Accounting Systems Are Now a Strategic Requirement for SMEs in the UAE

With the new corporate tax regime in the UAE now in force, startups and SMEs are facing mounting operational and compliance challenges. The lack of expertise in handling tax and limited internal resources are among the key hurdles small businesses encounter. Conflicting financial priorities make it even more difficult for firms to remain compliant and resilient. In this scenario, a significant number of companies are seeking professional accounting and bookkeeping services in Dubai from established consultants.

As the government now levies a 9% tax on corporate profits, businesses must record every transaction accurately to maintain compliance. Without accurate tax filing, companies are exposed to penalties and legal consequences.

In this edition, we have outlined how SMEs and startups can ensure compliance with the corporate tax norms in the UAE.

Structured Compliance to Build the Foundation

Establishing a structured accounting framework defines the first step to comply with corporate tax norms in the UAE. Businesses need to file CT returns, which maintain financial records. Organizations must secure the Tax Registration Number (TRN), calculate the taxable income accurately, and submit returns through the EmaraTax portal within the stipulated deadline.

However, many firms fail to maintain accuracy, resulting in mistakes during corporate tax filing. Frequent errors include:

  • Missing out on registration deadlines
  • Misclassifying income or expenses
  • Failing to document related-party transactions adequately
That’s why organizations rightly partner with reputed companies for corporate tax advisory in Dubai. With reliable accounting systems and the assistance of experts, businesses can ensure compliance with error-free tax filing.

Tax Planning Throughout the Year

The shift to a corporate tax system requires businesses to stop treating tax as an annual task. Instead, it must become a continuous operational priority. Therefore, companies must integrate tax planning into their monthly cash flow management. They also need to revisit financial statements, adjust taxable income, and apply the available reliefs. For instance, small business exemptions and benefits for free zone companies can drastically reduce tax liabilities.

Choosing the Appropriate Tax Year

For businesses, it’s imperative to choose an appropriate tax year. Organizations must align the end of their financial years to the FTA deadlines to mitigate compliance risks. During FTA registration, businesses must document their tax period selection based on their Articles of Association or board resolutions.

Additionally, natural persons must use the calendar year. Any changes in period, particularly in the case of groupings or foreign tax credit claims, must be approved by the FTA and it must be supported by commercial justification.

Staying Updated on Evolving Rules

As tax policies continue to evolve, it’s crucial to stay updated with the latest norms. By 2025, businesses will need to assess whether they qualify as a Qualifying Free Zone Person or are eligible for small business relief. Organizations must verify qualifying activities and apply the correct methods for recognizing revenue. This approach can help companies optimize their tax positioning and ensure proper expense deductions.

Firms seeking professional accounting and bookkeeping services in Dubai from experts are better poised to remain compliant.

International Agreements and Transfer Pricing

The Double Taxation Avoidance Agreements (DTAAs) in the UAE significantly help businesses involved in cross-border operations. They are necessary to avoid double taxation and improve competitiveness. However, accurate documentation is necessary to maximize these benefits.

Meanwhile, companies engaging in related-party transactions must comply with Transfer Pricing guidelines in the OECD.

  • Companies with revenues exceeding Dh200 million, or those that are part of MNCs with global turnover exceeding Dh3.15 billion, must maintain Master and Local Files.
  • These companies also need to disclose their revenue if related-party transactions exceed Dh40 million total or Dh4 million per category.

The files must include the following:

  • Agreements
  • Functional analyses
  • Benchmarking
  • Demonstrate economic substance

Managing Liquidity for Tax Payments

Businesses in the UAE must mandatorily settle corporate tax payments within nine months after the end of the tax period. There’s no option for delayed payments or instalments. Therefore, firms need to create quarterly provisions to avoid disruptions in their cash flows, besides maintaining reserve accounts.
Professional Corporate Tax Advisory Services in Dubai

It’s crucial for businesses in the UAE to perceive tax compliance as a strategic pillar for growth, not just a regulatory obligation. Non-compliance poses a significant financial risk and can jeopardize any business.

As small businesses and startups consider tax compliance as a core business strategy, they are seeking corporate tax advisory in Dubai from experienced professionals at the IMC Group. Treating tax compliance as a core business strategy can help organizations establish their resilience in the competitive environment.

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How the UAE Is Redefining the Future of Family Offices
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How the UAE Is Redefining the Future of Family Offices

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.

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Dubai Witnesses a Strategic Shift towards Smarter Finances with its AI Momentum
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Dubai Witnesses a Strategic Shift towards Smarter Finances with its AI Momentum

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

Businesses engaged in the financial and technological sectors in the Gulf region are looking to Dubai as a focal point of heritage and innovation. As AI continues to evolve into a growth catalyst, organizations are seeking AI consulting services from trusted partners like the IMC Group. Experienced advisors working on intelligent systems provide a comprehensive guidance that ensures businesses remain at the forefront of digital transformation.

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All You Need to Know about Corporate Tax Deadlines and Compliance in the UAE for 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

Check out the tax registration deadlines for individuals operating businesses and companies.

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 IssuedRegistration Deadline
January – FebruaryMay 31, 2024
March – AprilJune 30, 2024
MayJuly 31, 2024
JuneAugust 31, 2024
JulySeptember 30, 2024
August – SeptemberOctober 31, 2024
October – NovemberNovember 30, 2024
DecemberDecember 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 TypeRegistration Deadline
PE created before March 1, 2024Within 9 months of establishment
PE created after March 1, 2024Within 6 months of establishment
Foreign company with POEM in UAEWithin 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

In case a business fails to register the organization within the stipulated deadlines, it faces significant penalties. The FTA has introduced the following fines.
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)
A grace period until 31st March 2025 has been granted for businesses to update their records and rectify errors without incurring penalties.

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.

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Free Zone Firms Gain Greater Access to Mainland Economy in Dubai Under New Rules

The Executive Council of Dubai introduced Decision No. 11 of 2025 on 3rd March, taking a significant step towards modernizing the economic framework of the emirate. As per the new regulations, companies licensed in the free zones in Dubai can legally expand their operations into the mainland.

This is a landmark decision that will further position Dubai as a lucrative business hub at a time when the country has eased FDI restrictions. Now, global investors and businesses can thrive in the evolving marketplace in Dubai. Businesses are seeking professional support from reputed advisors regarding company formation in Mainland to capitalize on the growing opportunities.

However, it is important to note that financial entities licensed in the Dubai International Financial Centre (DIFC) remain outside the scope of this framework. These organizations continue to operate under their own distinct regulations.

Three Key Pathways to Onshore Operations

Under the new rules, free zone companies can now access three key avenues to operate in mainland Dubai.
  • Physical onshore branch: This approach involves the establishment of a legally recognized branch in mainland Dubai with a physical presence.
  • Free Zone-based onshore operations: Businesses can operate on the mainland while remaining physically based in the free zone. This eliminates the requirement for an onshore office.
  • Temporary onshore permit: Organizations may also acquire a temporary onshore permit to operate on the mainland. This permit remains valid for six months, during which the company can conduct specific onshore activities.

However, it’s essential for organizations to obtain prior approvals from relevant authorities. This includes licensing regulators and different governing bodies specific to sectors.

Besides, businesses must also maintain separate records for accounting for their onshore activities. They must comply with the federal corporate tax system in the UAE to adhere to financial regulations.

Flexible Workforce and Cost Implications

One of the key benefits for free zone companies as a result of this decision is their ability to use their existing workforce for onshore operations. Employees who are registered under free zone jurisdictions can now work on mainland projects while enjoying the benefits of being employed in a free zone.

 This is a notable advantage for businesses navigating Emiratisation policies and workforce quotas. These companies need not hire additional employees based in the mainland.

From a financial perspective, the new framework introduces a structured fee system.

  • Establishing a branch in the free zone with operating rights in the mainland will cost businesses AED 10,000 per year.
  • Businesses can obtain a six-month temporary permit for short-term business activities in the mainland for AED 5,000.

Implementing the New Norms for Accessing the Mainland

In collaboration with free zone authorities, the Dubai Department of Economy and Tourism (DET), will publish a list of approved economic activities within the next six months. This list will outline the types of businesses that will be allowed to operate onshore under the new framework.

Free zone businesses that currently operate onshore without a proper license need to regularize their status by March 3, 2026. The DET is entitled to extend this grace period if necessary. Thus, businesses will have ample time to comply with the updated regulations.

Professional Consultancy Services to Establish a Company in Mainland Dubai

As businesses await the new regulations to be implemented, they expect a phased rollout from the government. The success of this framework will ultimately depend on how efficiently regulatory bodies streamline application processes.

Organizations must work closely with professional consultants like the IMC Group to streamline the process of establishing their company on the mainland. These experts comprehensively guide businesses on how free Zone companies can operate in the Dubai mainland. Companies looking to capitalize on the strategic decision of Dubai must seek expert support as they expand their operations onshore.

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How is Dubai Redefining Financial Hubs as a Global Wealth Magnet?

As the global wealth environment undergoes a profound transformation, it’s time for HNWIs and family offices to rethink their financial strategies. Traditional financial hubs are gradually losing their grip with evolving regulations.

Tax efficiency and legal protection are two of the core priorities for wealth creators today. Along with these, they prioritize global mobility.

Dubai stands at the forefront of this transformation, as the city emerged as the international powerhouse to manage wealth. Some of the top single family offices in Dubai are turning to professional wealth consultants for strategic advisory solutions.

What makes Dubai the Financial hub of the future?

Dubai has rapidly positioned itself as a top destination for HNWIs and family offices. The progressive policies in the UAE and a favorable regulatory environment makes it a favorable destination that attracts global wealth.

Its strategic infrastructure, strong digital economy, and favorable business ecosystem has propelled the city into the spotlight as a financial hub built for the future. Dubai has an attractive residency framework.

The ease of doing business and its world-class financial institutions are some of the other reasons that draw elite investors. Those looking for a stable and strategic base for investing consider Dubai as the ideal investment hub.

Why HNWIs Are Choosing Dubai

In 2024, the UAE witnessed the migration of around 6,700 millionaires to the country. These figures speak a ton about the growing appeal of Dubai among the wealthy class around the world.

 Here’s why Dubai has become a preferred hub for HNWIs.

1. Favorable Tax Framework

The tax structure in Dubai is highly competitive. With no personal income tax, the jurisdiction appears highly tax-efficient for preserving wealth.

2. Political and Economic Stability

In Dubai, the business environment is secure and well-regulated. This instils confidence among global investors to choose the city as a safe place to operate.

3. Global Connectivity

Dubai is positioned as a major international hub. Its demography ensures a seamless access to the international market its world-class air and sea infrastructure.

4. Cosmopolitan Appeal

Dubai has a diverse population. This inclusive environment makes it an attractive location for global professionals and entrepreneurs.

5. Advanced Infrastructure

The world-class healthcare and academic infrastructure in Dubai are some of the other reasons why HNWIs are relocating to this city. It also offers plenty of opportunities for luxury shopping and entertainment.

6. Business-Friendly Regulations

With its specialized free zones, Dubai actively supports investment with incentives. Entrepreneurs and investors enjoy tailored business solutions in this city.

A Tax Regime Built for Global Investors

The UAE Ministry of Finance states that Dubai imposes a 9% corporate tax on taxable income that exceeds AED 375,000. Below this threshold, no tax is levied. Naturally, this business regime appeals to investors, which attracts HNWIs looking to optimize wealth management strategies.

A Secure Ecosystem for Family Offices - DIFC

The Dubai International Financial Centre (DIFC) establishes a clear regulatory environment for global investors. The norms have been established on the basis of the English common law. This framework fosters trust and transparency for international investors.

The DIFC Family Wealth Centre offers comprehensive support to help HNWIs preserve wealth. These include:

  • Personalized advisory services
  • Tailored structuring solutions
  • Global networking opportunities
  • Succession planning and governance

This structured regulatory environment ensures that family offices can operate with clarity and confidence. With professional advisory services, setting up a family office in DIFC takes little time.

Expanding Tax Treaty Network

The extensive Double Taxation Agreement (DTA) network in Dubai reinforces its global financial strategy. The Ministry of Finance in the UAE confirmed that the country has signed more than 140 DTAs. This is going to facilitate lower withholding taxes on cross-border wealth transfers. Key agreements with different countries, including India, make Dubai attractive for global investors.

Professional Advisory Services for Expanding Family Offices in Dubai

For HNWIs looking to set up a family office in Dubai, the process has been significantly streamlined in recent years. Moreover, a step-by-step guidance and documentation process has been mentioned in the official website of the DIFC.

HNWIs have been consulting experienced professionals like the IMC Group for advisory solutions regarding the expansion of family offices in Dubai. With experts on the side, the process of establishing a family office gets streamlined as high net worth individuals explore lucrative avenues to grow their wealth.

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The Booming M&A Market in the MENA Region in 2024

The MENA region witnessed a remarkable surge in M&A activities in 2024, recording a total of 701 deals valued at $92.3 billion. This marks a 3% increase in deal volume and a 7% rise in total deal value compared to 2023. A number of significant reforms in capital markets fuelled this growth, along with strategic changes in policies. The focus on attracting foreign investments has also paid off, driving these deals.

Strategic Reforms Leading to the Growth of M&A Activities

The GCC region led the way with 580 deals valued at $90 billion. It’s worth mentioning that cross-border deals played a vital role, contributing to 52% of the total volume and 74% of the deal value.

Experts reveal that businesses in the region are actively looking for growth opportunities. Particularly, they are exploring sectors like insurance, asset management, real estate, power, utilities, and technology sectors. Successful organizations are also seeking M&A advisory services from experienced consultants to enhance regional collaborations in the Asian and European markets.

Major Players and Key Deals

M&A activities in the MENA region were primarily dominated by major players like Sovereign wealth funds (SWFs). This included the Abu Dhabi Investment Authority (ADIA), Mubadala Investment, and Saudi Arabia’s Public Investment Fund (PIF). The strategic investments of these firms continue to reshape the economic landscape of the region. Leading companies are looking for comprehensive due diligence services from reputed experts before entering these transactions.

The $12.4 billion acquisition of Truist Insurance by Clayton Dubilier & Rice, Stone Point Capital, and Mubadala Investment marked the largest deal of 2024. Some of the other notable transactions included:

    • Saudi Aramco’s $8.9 billion acquisition of a 5% stake in Rabigh Refining and Petrochemical Company.
    • The $8.3 billion purchase of a 60% stake in Zhuhai Wanda Commercial Management Group by PAG, Mubadala, and ADIA.

Interestingly, outbound M&A deals accounted for 61% of the total deal value. Across 199 transactions, the value of outbound deals reached $56.6 billion. On the other hand, inbound deals recorded an 18% surge in volume and 42% in value, reaching $11.4 billion. Naturally, these players have been seeking comprehensive due diligence services from top consultants to ensure successful deals.

Leading Investment Destinations - UAE and KSA

IN 2024, the UAE emerged as the top investment hub. It recorded as many as 96 inbound deals, with a total valuation of $7.6 billion. The country accounts for 67% of the total inbound deal value. This growth was led by the technology sector, particularly domains like AI, digital transformation, and cybersecurity. One of the significant deals in this space was the $1.5 billion acquisition of Abu Dhabi’s Group 42 by Microsoft.

Saudi Arabia followed the suit, contributing significantly to the regional M&A transactions. Together, the UAE and KSA recorded 318 deals valued at $29.6 billion. In 2024, these two nations have been ranked among the MENA bidders. This reinforces their positions as dominant players in the M&A space.

Outside MENA, the US was the largest acquirer. The country completed 48 transactions worth $4.6 billion. Meanwhile, MENA investors favored the U.S., with 41 deals totalling $19.9 billion.

Domestic M&A on the Rise

Domestic mergers and acquisitions accounted for 48% of the total deal volume. With 339 transactions, the total value of deals stand at $24.4 billion. The technology and consumer products sectors contributed 35% of these deals.

In terms of disclosed deal value, oil and gas remained the top sector. It accounted for 37% of the total domestic deal value, recording $9.0 billion. Saudi Aramco’s $8.9 billion stake acquisition in Rabigh Refining and Petrochemical Company was the key driver of this growth.

The Future of M&A in MENA

Experts have observed that technology continues to be the most attractive sector for investors. It constitutes 23% of total inbound and domestic M&A deals. The MENA region is undergoing a transformation in productivity, thanks to the rise of AI and digital transformation. This is significantly shaping capital allocation for deals.

Looking ahead, 2025 promises strong momentum for M&A activities in the MENA region. With professional M&A advisory services from reputed consultants like the IMC Group, businesses are looking to strike major deals. Fresh opportunities await both domestic and international investors in the MENA region in 2025.

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Dubai Attracts Ultra-Wealthy Investors and Expanding Family Offices

Dubai is rapidly strengthening its position as a prime destination for ultra-high-net-worth individuals and family offices. In recent years, the city has witnessed a combination of strategic policies and economic initiatives. Thanks to the growing financial sector, the city is now a top choice for wealth management and investment.

The Growth of the Financial Market in Dubai

According to the Dubai International Financial Centre (DIFC), the number of hedge funds within the DIFC has recorded a 50% growth, reaching a total of 75 firms. Some of the high-profile players have set up their operations in Dubai. The growth of family offices in the Middle East can be largely attributed to the business-friendly regulations and growing investor base in Dubai.

Beyond hedge funds, the broader financial ecosystem in this city is thriving. Currently, the DIFC hosts over 410 wealth and asset management firms, with 6,920 registered entities. This marks an impressive 25% Y-o-Y increment. This boom has also translated into a 10% rise in employment within the DIFC, pushing the total workforce to over 46,000.

Family Offices Managing Over $1 Trillion

The appeal of Dubai to the wealthy class extends well beyond institutional finance. This is evident from the increasing popularity of single-family offices in Dubai. Family offices, which manage substantial private wealth, currently oversee assets exceeding $1 trillion. The DIFC alone accounts for more than $700 billion in AUM, reflecting a remarkable 58% growth over the past year.

The tax advantages that wealthy investors enjoy in Dubai, along with factors like global connectivity and a stable financial environment, make it a preferred hub for this class. The strong regulatory framework in the city has also been instrumental in attracting prominent family offices looking for long-term wealth preservation and strategic investment opportunities.

Rise of Exclusive Peer Networks in Dubai

While the number of UHNWIs calling Dubai home continues to grow, so does the need for high-level networking and knowledge-sharing platforms. One of the global networks of peers was founded in 1999 and recently launched a chapter in Dubai. Thus, ultra-high net-worth individuals find a private space to discuss investment strategies, wealth preservation, and philanthropy. The Dubai chapter is expected to become a key hub for local and international investors.

Why are UHNWIs Moving to Dubai?

The financial success of Dubai exists solely due to its tax advantages and financial regulations. Its demographic position makes it a crucial link between Europe, Asia, and Africa. This provides businesses with strategic access to global markets.

The political stability in the emirate, advanced infrastructure, and focus on technical innovation further enhance its reputation as a financial hub.

Following the suit of Dubai, Abu Dhabi is also emerging as a crucial financial hub. The Abu Dhabi Global Market (ADGM) has witnessed a 31% jump in company registrations in just the first half of 2024. This surge is driven by major financial institutions that have been expanding their presence in the Middle East.

A Promising Future for Wealth Management

The promising growth trajectory of Dubai as a leading hub for wealth management makes it a focal point for wealth management firms. As its financial ecosystem expands, the surge in the number of ultra-wealthy residents is likely to continue. A successful single-family office in Dubai must consult experienced and qualified professionals to benefit from their expertise. IMC Group has a team of experienced experts who can provide qualified advisory services to family offices.

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SMEs in UAE Embrace Outsourced Accounting for Superior Agility

The UAE is quickly catching up with global trends, with nearly 37% of small and medium-sized enterprises in the country outsourcing their accounting functions. As international businesses thrive in this commercial hub of the Middle East, this trend reflects a strategic decision to improve cost management and maintain compliance with evolving regulations.

A majority of these firms are turning to established professionals offering outsourcing accounting services to streamline their business finance management. This enables companies to access advanced technologies and benefit from professional insights without incurring the overhead cost of a full-time in-house team. With this approach, firms can focus more on core business activities and strategic initiatives for growth.

Cost Efficiency and Flexibility

The clear financial benefit that organizations experience on outsourcing accounting services is one of the key drivers behind this shift. When businesses maintain an internal accounting department, they need to make significant investments in salaries, ongoing training, and infrastructure.

However, outsourcing presents firms with a more flexible and cost-effective alternative. Working with a trusted partner, businesses need to pay only for the services they require. This helps them significantly curtail costs. Eventually, SMEs can reallocate their resources towards growth and innovation.

Growing companies are capitalizing on the benefits of outsourcing accounting services, with professional advisors handling complex financial regulations. Naturally, business owners can devote more time to expanding market share and exploring new opportunities.

Thriving in the Dynamic Regulatory Environment in the UAE

The regulatory framework in the UAE continues to evolve. For SMEs, it’s a challenge to stay abreast with the latest financial standards. Outsourcing service providers are well-equipped to monitor these changes and help their clients remain compliant. This proactive approach minimizes the risk of penalties and helps companies avoid costly disruptions.

SMEs gain access to a team that constantly remains updated on regulatory developments. This level of expertise is crucial for businesses that need to adapt to new tax laws. Proper adherence to reporting standards ensure that they can keep their operations running smoothly.

Access to Specialized Expertise

Beyond cost savings, outsourced accounting services provide access to expertise that can significantly benefit an SME. Specialized professionals bring a wealth of experience to SMEs, providing strategic financial insights besides managing routine accounting tasks. Their industry knowledge and best practices, along with advanced accounting software, helps in streamlining financial operations and enhances the decision-making process of emerging companies.

Thus, SMEs can consult experts on various matters like tax planning, audit preparation, and financial forecasting. This professional insight allows businesses to optimize their financial strategies.

Improving Data Accuracy and Financial Reporting

With the adoption of outsourced accounting services, SMEs have also benefitted in terms of data accuracy and the quality of financial reporting. Leading outsourced service providers use sophisticated digital tools and platforms that ensure precise and timely record-keeping. This technological edge enhances transparency and supports better decision-making with accurate predictions.

For SMEs, data accuracy is critical, particularly in an environment where reliable financial information helps in managing risks.

Outsourced Accounting Services from Top Professionals

As small and medium businesses operating in the UAE brace up to strengthen their focus and core competencies, they are partnering external experts to delegate accounting tasks. Top companies providing outsourced accounting services, like the IMC Group, can help SMEs build stronger business models. While the professionals take care of their accounting department, businesses can invest more on product development and expanding their market in the Middle East.

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