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MAS Tightens Tax Incentive Qualification Criteria of Singapore Family Offices

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MAS Tightens Tax Incentive Qualification Criteria of Singapore Family Offices
  • Newsletter, Singapore

MAS Tightens Tax Incentive Qualification Criteria of Singapore Family Offices

  • The Monetary Authority of Singapore (MAS) announced new stricter rules on 18th April 2022 for family offices that are benefiting from tax incentives in the country. The new rules have come into force from 18th April, Monday itself.

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UAE and South Korea Sign MoU to Promote Entrepreneurship and Support for SMEs
  • Newsletter, U.A.E.

UAE and South Korea Sign MoU to Promote Entrepreneurship and Support for SMEs

  • The UAE Ministry of Economy (MoE) and the Korea Federation of SMEs (KBIZ) have recently agreed to develop entrepreneurship and strengthen partnerships between SMEs through cooperation. Abdullah Al Saleh, Under-Secretary of the Ministry of Economy; and Kim Ki-mun,

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Qatar: MoCI Issues Two Recent Circulars for Public and Private Shareholding Companies
  • Newsletter, Qatar

Qatar: MoCI Issues Two Recent Circulars for Public and Private Shareholding Companies

  • Two new Circulars have recently been published by the Ministry of Commerce and Industry of Qatar on 1st February 2022 in connection with some procedural aspects of private and public shareholding companies. Both these two circulars were issued

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The First Virtual Assets Law in Dubai Establishes a New Regulator
  • Newsletter, U.A.E.

The First Virtual Assets Law in Dubai Establishes a New Regulator

  • Overview  As UAE takes giant strides toward becoming an international hub for virtual assets and generating long term economic growth through digital innovation, the country announces a new law for regulating virtual assets and creating a regulated onshore

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Oman Aims to Increase the Non-oil Sector’s Share of Total GDP to 90%
  • Newsletter, Oman

Oman Aims to Increase the Non-oil Sector’s Share of Total GDP to 90%

  • The national GDP contribution of non-oil sectors in Oman is expected to reach 90% by 2040, noted Ahmed Al Hajri, Director General of Nizwa Industrial City. Ahmed Al Hajri, in a seminar titled ‘Nizwa Industrial City: Reality and

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UAE Joins Singapore Convention to Boost Trade and Promote Commercial Dispute Mediation
  • Newsletter, Singapore, U.A.E.

UAE Joins Singapore Convention to Boost Trade and Promote Commercial Dispute Mediation

  • In its bid to boost global trade and investment and promote mediation to settle cross-border commercial disputes, the UAE has joined the Singapore Convention on Mediation as the 56th signatory of the convention. The UAE is all set

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Saudi Accreditation Center and UK Accreditation Services Sign Pact to Improve National Quality Assurance Infrastructure
  • Newsletter, Saudi Arabia

Saudi Accreditation Center and UK Accreditation Services Sign Pact to Improve National Quality Assurance Infrastructure

  • A five-year Memorandum of Understanding (MoU) has been signed between the Saudi Accreditation Centre (SAC) and the UK Accreditation Service (UKAS) to help improve quality infrastructure and boost consumer confidence. This is one of the most notable among

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India-UAE Comprehensive Economic Partnership Agreement: The Key Impacts and Benefits
  • India, Newsletter, U.A.E.

India-UAE Comprehensive Economic Partnership Agreement: The Key Impacts and Benefits

  • India-UAE CEPA was signed on February 18 in New Delhi during the India-UAE Virtual Summit. The CEPA holds strategic importance to both countries as the UAE is currently India’s third-largest trade partner and second-largest export destination after the

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Singapore Introduces a New Assessment Framework for Employment Pass
  • Newsletter, Singapore

Singapore Introduces a New Assessment Framework for Employment Pass

  • A new  Complementary Assessment Framework (COMPASS) for evaluating applications for Employment Pass in Singapore (EP) will come into effect from September 2023 and would enable employers to select highly qualified foreign talents and diversify the workforce. COMPASS will

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UAE Central Bank Forecasts Stronger Economic Recovery In 2022
  • Newsletter, U.A.E.

UAE Central Bank Forecasts Stronger Economic Recovery In 2022

  • The Growth Forecast The UAE Central Bank (CBUAE) in its December report projected a stronger economic growth of 4.2% in 2022 more than the previously estimated 3.8%. The UAE’s economic recovery is expected to strengthen further in 2022

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