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Posted on 02 - 02 - 2022
The UAE introduces its first-ever Corporate Tax

The United Arab Emirates will be introducing a federal corporate tax on business profits for the first time, the Ministry of Finance announced Monday, January 31st, 2022.

The news represents a significant shift for a country that’s long attracted businesses from around the world thanks to its status as a tax-free commerce hub. Businesses will be subject to the tax from June 1, 2023.

The UAE’s Ministry of Economy has confirmed that the amended legislation permitting foreign investors and entrepreneurs to establish and fully own onshore companies, will come into effect from June 1st, 2021....

Minimise job losses… and the disruption to the economy that comes with lots of redundancies happening at the same time.

This is what the UAE Government has set out to do on a priority basis in its response to the COVID-19 outbreak and to lessen its impact on the economy. The announcement by Dubai Free Zones Council on Saturday gives an indication of that strategy.

Dubai Expo 2020 to contribute Dh122 billion to UAE economy, support 49,700 jobs per annum.

Dubai Expo 2020 will have contributed Dh122.6 billion in value to the UAE’s economy by 2031, according to consultancy EY.
Investors can set up new businesses and companies in the UAE in just 15 minutes now through the ‘Bashr’ online platform proposed by the TRA in partnerships with more than 50 federal and local governments.

According to Hamad Obaid Al Mansouri, Director General of Telecommunications Regulatory Authority (TRA), the process for setting up businesses will be quick and easy and will override any cumbersome procedures without any paperwork.

Index comprises 11 companies that are among the largest and most liquid in the country.

Dubai: Nasdaq Dubai has launched trading on the MSCI UAE Index, expanding its futures market offerings.

The index comprises 11 companies that are among the largest and most liquid in the UAE. They include DP World, Emaar Properties and First Abu Dhabi Bank.

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