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UAE: Compliance with VAT Regulations Rises During Q1 2022

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UAE: Compliance with VAT Regulations Rises During Q1 2022
  • Newsletter, U.A.E.

UAE: Compliance with VAT Regulations Rises During Q1 2022

  • The UAE Federal Tax Authority (FTA), in an official report dated 21 April 2022, revealed that the number of VAT registrants had increased to 367,157 in the first quarter of 2022, compared to 358,468 in Q1 of 2021,

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New Visa Rules 2022: A Stimulus for UAE Startups and the Job Market
  • Newsletter, U.A.E.

New Visa Rules 2022: A Stimulus for UAE Startups and the Job Market

  • In April 2022, the UAE Cabinet, headed by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, has rolled out flexible requirements for investors and entrepreneurs including the startup owners to apply

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Bahrain Comes Out Winner in FDI Per Capita Amongst the GCC Nations
  • Bahrain, Newsletter

Bahrain Comes Out Winner in FDI Per Capita Amongst the GCC Nations

  • The business landscape in Bahrain is constantly evolving; through economic policy reforms, simplification of business processes, huge investment in physical and digital infrastructure and enhancement of regulatory procedures. The country is focusing on non-oil futuristic target sectors for

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Oman Unveils Increased Foreign Investment Opportunities in the Country
  • Newsletter, Oman

Oman Unveils Increased Foreign Investment Opportunities in the Country

  • Overview Oman is on a spree of enforcing reforms and undertaking initiatives to attract foreign investment and put the country on the global map as one of the most lucrative destinations for trade and investment and economically at

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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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