Lately, we have been getting many questions and concerns about the relocation of IBCs into the RAK International Corporate Center. This process is also known as “re-domiciliation” which is the relocation and conveyance of one domicile from one place to another, by switching the country under whose legislations it [...]
Specifically, Mr. Obaid Humaid Al Tayer, the United Arab Emirates Minister of State for Financial Affairs has declared that his nation will adopt VAT at a 5% rate on January 1st, 2018. Al Tayer has recently participated in a press conference in Dubai on 24 of February with the Managing [...]
The vast success cases of businesses located in Dubai and UAE in general up until now, has driven many new enterprises to establish business in the area. To learn additional info about the easy procedures of operating a company within the UAE according to World Bank Group Reports, click [...]
In DUBAI/UAE the number of free zones available for corporate activities exceeds 20, with multiple business areas being covered. The commodities business field is covered and operated by DMCC (Dubai Multi Commodities Centre), a body that has been awarded by Financial Times FDI Magazine as the Global Free Zone [...]
The Panama Papers scandal has definitely made companies more hesitant to expand their operations offshore. Due to the scale of such scandal, companies wishing to expand abroad are worrying about the legality of their actions.
Due to the great tax benefits in Dubai, the amount of both local and foreign business listed within the free zone in Dubai, has noticed a significant growth. Any companies that seek to use that tax free benefits to their advantage may be wondering which business model will be [...]