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Retail Payment Services and Card Schemes Regulations Marks an Innovative Era of Retail Digital Payment in the UAE

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UAE's VAT for MNCs
  • Newsletter, U.A.E.

Retail Payment Services and Card Schemes Regulations Marks an Innovative Era of Retail Digital Payment in the UAE

  • Key Highlights RPSCS regulation came into force on 15.07.2021 Allows financial service companies and FinTech’s to participate in retail payment services Ensures greater safety during retail digital payment Includes four-category licenses with nine types of payment services The

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Post-Covid Economic Recovery Propelled UAE’s Non-Oil Foreign Trade on a 27% Higher Growth Trajectory
  • Newsletter, U.A.E.

Post-Covid Economic Recovery Propelled UAE’s Non-Oil Foreign Trade on a 27% Higher Growth Trajectory

  • As the post covid economy gained momentum, the non-oil foreign trade of UAE witnessed an increase of 27% yearly during 2021 to reach Dh1.9 trillion, equivalent to $517.27 billion. Even in 2021, the non-oil foreign trade registered more

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UAE Targets 20 Unicorns by 2031 through Skill-Up, Start-Up, Scale-Up Programmes
  • Newsletter, U.A.E.

UAE Targets 20 Unicorns by 2031 through Skill-Up, Start-Up, Scale-Up Programmes

  • UAE has set an ambitious plan to become home to 20 privately held startups valued at more than $1 billion each, commonly known as ‘unicorns’ in business, over the next nine years, country’s Minister of State for Entrepreneurship

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India and UAE Sign CEPA to Boost Trade by $100 Billion
  • Newsletter, U.A.E.

India and UAE Sign CEPA to Boost Trade by $100 Billion

  • On 18th February 2022, India and the United Arab Emirates (UAE), entered into a Comprehensive Economic Partnership Agreement (CEPA) and signed a wide-ranging trade and investment pact, that is set to benefit almost 90% of trade, both exports

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UAE Tax Registrants to Benefit from a 70% Discount on Tax Penalties as the Relief Period Extends
  • Newsletter, U.A.E.

UAE Tax Registrants to Benefit from a 70% Discount on Tax Penalties as the Relief Period Extends

  • The Cabinet Decision effective from January 1st 2022, should be seen as an opportunity for businesses to benefit from the reduction of the administrative penalties, highlighted the FTA. The Cabinet Decision would reduce the burdens on business sectors

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Oman’s Budget 2022 Highlights Strong Economic Growth Optimism
  • Newsletter, U.A.E.

Oman’s Budget 2022 Highlights Strong Economic Growth Optimism

  • The entire global economy went haywire since the outbreak of the Covid 19 pandemic and Oman is no exception.

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RAKEZ Unveils Dual Licensing Structure to Woo Investors
  • Newsletter, U.A.E.

RAKEZ Unveils Dual Licensing Structure to Woo Investors

  • Ras Al Khaimah free zone (RAKEZ) has rolled out Dual Licensing in January 2022 after introducing a women entrepreneurship package and gaming license programme.

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UAE to Introduce Federal Corporate Tax from June 2023
  • Newsletter, U.A.E.

UAE to Introduce Federal Corporate Tax from June 2023

  • On January 31, 2022, the Ministry of Finance announced that the United Arab Emirates (UAE) will introduce a Federal Corporate Tax on business profits effective from June 1, 2023.

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What are the important changes made in the UAE New Trademark Law
  • Newsletter, U.A.E.

What are the important changes made in the UAE New Trademark Law?

  • 2021 remained a year of legislative reforms for the UAE and witnessed 40 decree-laws and amendments being rolled out for gaining a competitive advantage in the global economic landscape.

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Single Family Office in Dubai
  • Article, U.A.E.

Advantages and Disadvantages of Outsourcing PRO Services in Dubai

  • Dubai is one of the world’s most prosperous economies. As such, it is natural that business owners and entrepreneurs from around the world would like to set up shop in this flourishing city.

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