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1.

UAE: Dubai Airport Freezone Cuts FDI Fees in Bid to Boost Competitiveness

7 Aug 2018

The fee for registering a FDI-backed business within the Dubai Airport Freezone has been cut by 65%, while the costs of acquiring the required licenses and visas for employees have been reduced by 33%...Read More

2.

UAE: VAT Reclaim Scheme Introduced in Bid to Boost Tourism Sector

18 July 2018

As of October this year, non-resident tourists will be entitled to reclaim the VAT on purchases made at certain government-designated retail outlets....Read More

3.

UAE: New Government Schemes Slashes Costs of Mandatory Employee Insurance

20 June 2018

Employers will no longer be required to provide a cash guarantee of UAE Dirham 3,000 (US$817) for each new worker they recruit....Read More

4.

UAE: Dubai and Abu Dhabi Introduce Range of Investment-Boosting Incentives

11 June 2018

Dubai and Abu Dhabi, the two most populous emirates, have separately unveiled a range of incentives designed to boost their appeal to overseas investors....Read More

5.

United Arab Emirates: Market Profile

6 June 2018

In the medium term firmer oil prices, a rebound in global trade and easing of fiscal consolidation are expected to promote the UAE's economic activity, especially as investments ramp up ahead of Dubai...Read More

6.

UAE: Planned Real Estate Portal Set to Eliminate Property Middlemen by 2020

31 May 2018

With the aim of having all real estate transactions conducted online by 2020, the Dubai Land Department, the government’s land and property agency, has announced plans to launch a comprehensive portal...Read More

7.

UAE: 10-Year Visas on Offer to Overseas Investors and Medical and Technical Professionals

24 May 2018

New 10-year residency visas are on offer to overseas investors, as well as to certain professionals with a high level of experience, including scientists, engineers and doctors....Read More

8.

UAE: Gold and Precious Metal Traders Exempt from VAT Liability

4 May 2018

Traders in diamonds and a number of 99% pure precious metals, including gold, silver and platinum, are to be exempt from the country’s 5% VAT charge....Read More

9.

UAE: Locally-Registered Companies Set to be Opened Up to 100% Overseas Ownership

2 Nov 2017

As of early 2018, overseas investors are to be permitted to wholly own UAE-registered companies operating in certain sectors. At present, at least 51% of every UAE-registered business has to be owned ...Read More

10.

UAE: Online Registration for Incoming VAT to Commence from Mid-September

31 Aug 2017

The online registration of businesses for the UAE’s value added tax (VAT) regime will commence from mid-September. To facilitate the process, the UAE’s Federal Tax Authority has launched a website www...Read More

11.

UAE: First Details Published of Incoming Tax Administration and Compliance Requirements

8 Aug 2017

The first details of the administration and compliance requirements relating to the country’s new tax regime were announced on 31 July, following the enactment of the Tax Procedures Law, the legal bas...Read More

12.

UAE: Processing Time for Labour Dispute Resolution Cut to 10 Days

24 July 2017

The official processing time for the settlement of labour disputes is to be reduced from 30 days to just 10. This has been facilitated by a number of measures recently adopted by the Ministry of Human...Read More

13.

Philippines' SEZs Set Out to Woo Chinese and Middle East Investors

5 June 2017

Rapid expansion of SEZ sector sees Philippines launch charm offensive to counter shortfall in overseas investment....Read More

14.

UAE: 5% VAT Set to be Implemented from 1 January 2018, exemptions allowed

31 March 2017

The government is planning to introduce a 5% value added tax (VAT) on goods and services with effect from 1 January 2018. While it is yet to specify the complete list of goods and services to be subje...Read More

15.

Fast-growing Middle East Film and TV Sector Seeks Global Markets

28 Feb 2017

Hampered by a lack of funding and a comparative shortage of outlets, the burgeoning Middle East film and TV sector is looking to attract far greater international funding and wider distribution, while...Read More

16.

UAE: Streamlined Customs Processing Promised for Approved Businesses

26 Oct 2016

Faster customs clearance is on offer to those businesses that sign up to the country’s Authorised Economic Operator (AEO) programme....Read More

17.

UAE: New Standards and Online Tracking Introduced to Combat Counterfeit Automotive Spare Parts

23 Sept 2016

Importers and manufacturers of automotive spare parts will have to conform to new technical and safety standards under changes proposed by the Emirates Authority for Standardization and Metrology (ESM...Read More

18.

UAE: Senior Executives No Longer Face Personal Bankruptcy in Case of Company Insolvency

13 Sept 2016

For the first time, executives in the UAE are to be legally protected from personal bankruptcy in the case any company they are associated with facing insolvency problems. Previously, such executives ...Read More

19.

UAE: Employers Legally Obliged to House Low-Paid Workers

27 July 2016

Free accommodation will have to be provided for low-income workers by employers with 50 or more employees from December 2016....Read More

20.

Building on the UAE’s construction boom

15 Aug 2014

Against a background of Middle East instability, the UAE has become a haven for regional investment and tourism. A solid economic recovery coupled with a fillip from Dubai’s successful bid to host the...Read More

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