Category: News

Cabinet Decision No. 85 of 2022 – Issued 2 Sept 2022 Brief overview The new decision effectively provides us with guidelines on determining the tax residency for both natural and legal persons. It also outlines the requirements and conditions for...

According to the latest IAB World Survey rankings, the ANTEA Alliance of Independent Firms has once again secured a coveted position among the world’s leading associations by holding on to the 15th spot among the world’s leading alliances. The firm’s...

The Ministry of Finance, in partnership with the World Bank Group’s MIGA, hosted two workshops in Dubai and Abu Dhabi at the Chambers of Commerce as part of the Ministry’s efforts to boost the UAE’s business climate, the events brought...

Introducing a special reverse charge mechanism for the supply of electronic devices. Article (1) – Definitions The New Decision defines electronic devices as mobile phones, smart phones, computer, and tablet devices, along with their associated spare parts. Article (2) –...

Maktoum bin Mohammed has been designated as the Deputy Prime Minister for Financial and Economic Affairs in the UAE following a cabinet reshuffle announced on January 6. The reorganization, disclosed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the...

Dubai Investments, the leading diversified investment company, listed on the Dubai Financial Market [DFM], reiterated its commitment to sustainability and climate action during the COP28 summit in Dubai, UAE. As a Climate Support Sponsor present at the Climate Finance Hub...

In a significant development, Union Commerce Minister Piyush Goyal announced that India and the United Arab Emirates (UAE) are ambitiously working towards expanding their bilateral trade to USD 100 billion. The revelation took place during the ‘UAE India Business Summit’...

The UAE has been removed from the Financial Action Task Force’s “grey list” following significant progress in combating money laundering and terrorism financing. This decision came after a thorough on-the-ground review, with the UAE being placed on the list in...

Dubai has enacted a law stipulating a 20 percent annual tax on foreign banks operating within the emirate, except for those licensed within the Dubai International Financial Centre, according to an announcement from the Dubai Media Office. Sheikh Mohammed bin...

Effective from 29 March 2024, the UAE’s maritime legal landscape is undergoing significant changes with the implementation of the Federal Decree-Law No. 43 of 2023 Concerning the Maritime Law (the “New Maritime Law”). This law marks a departure from the...