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Introduction When considering offshore company formation in the UAE, businesses and investors often evaluate jurisdictions such as the Ras Al Khaimah International Corporate Centre (RAK ICC), the Abu Dhabi Global Market (ADGM), and the Dubai International Financial Centre (DIFC). While…
Introduction Dubai continues to solidify its reputation as a leading global financial center, attracting high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) seeking efficient structures to manage their assets. The Dubai Multi Commodities Centre (DMCC) has emerged as a preferred jurisdiction…
Introduction to Holdings vs Foundations in UAE Holdings vs Foundations in UAE? Not a straightforward answer. As the UAE continues to solidify its position as a global hub for investment and business, entrepreneurs and investors often face a critical question:…
Introduction to UAE Foundations The United Arab Emirates (UAE) has established itself as a global financial hub, offering various legal structures for wealth management, asset protection, and business operations. Among these structures, foundations have become increasingly popular for their flexibility…
Introduction to Corporate Substance in UAE Corporate Substance in UAE is crucial. UAE-based companies particularly in the context of international business, regulatory compliance, and tax considerations. The purpose of this publication is to address the UAE’s stand and requirements for…
UAE Free Zones tax is not 100% clear. Whether Free Zones will be subject to corporate tax depends on the activity that the free zone deploys and the location of their clients, together with a look into the level of…
When was the New UAE Tax Resident definition introduced? From 1st March 2023 a new definition of UAE tax resident was introduced by the UAE Cabinet of Ministers via Decision No. 85 of for 2022 of 9 September 2022 (“Decision…
Free Zones UAE Corporate Tax – Introduction Whether free zones are subject to UAE Corporate Tax Law is the big question. The United Arab Emirates (UAE) announced early in 2022 the entry into force of a never before corporate tax…
What’s New? DMCC WPS is a reality. The Dubai Multi Commodities Centre (“DMCC”) requires all DMCC entities to have employees registered for salary transfer by the 15 February 2023. This requirement is part of the implementation of its recently announced…