In the United Arab Emirates, opening a commercial bank account can be time consuming exercise. Most businessmen are not aware about the process of opening a bank account and the necessary paperwork required hence it can be a daunting process
At the federal level, the UAE does not impose a corporate income tax at this time. However, oil and gas firms and international bank branches are subject to an Emirate-level Corporate Tax (CT) under the Dubai taxation system. Companies based
Business in the UAE or United Arab Emirates has flourished significantly over the past few years, given the positive endorsements made by the government. The government and economic and commerce ministries have allowed various businesses to be operated in the
For many people, the term “taxation” is very unclear. Not everyone is familiar with the provisions, guidelines, and subdivisions of taxation laws in the UAE. When a subject is complex and relatively new to everyone, it is challenging to pay
The United Arab Emirates will introduce a federal corporation tax on business earnings starting on June 1, 2023, according to a statement released by the Ministry of Finance on Monday. The government intends to keep the base rate low to
Financial services in Dubai or any other region are an integral part of running a business successfully. It ideates for planning, strategizing, and practicing methodical procedures to handle the finances. Indeed, Dubai has emerged as one of the prominent financial
