Comparison Between Trust and Foundation
Comparison Between Trust and Foundation
In the realm of wealth management and asset protection, trusts and foundations have long been utilized as powerful tools by high-net-worth individuals and families. The United Arab Emirates (UAE) has emerged as a leading jurisdiction for the establishment of such structures, offering a favorable legal framework and a business-friendly environment. However, understanding the nuances between UAE trusts and foundations is crucial for […]
Dubai International Financial Centre (DIFC) Wills for Dubai Residents
The Dubai International Financial Centre (DIFC) Wills are a crucial legal instrument for individuals and businesses operating in Dubai. These Wills, governed by the DIFC Courts, provide a framework for the distribution of assets located in Dubai, ensuring that the wishes of the testator are respected and their beneficiaries are protected. In this article, we will explore the relevance of DIFC Wills and the process of […]
Businesses Face Off with the Corona Virus (Covid-19)
The mighty virus Covid19 is affecting most businesses and slowing down the world economy.
It’s a solid fact today that the world is confronting one of the most impactful pandemics and we have to deal with the consequences in a smart way of learning from history.
What history taught us from the market crashes?
The first recorded stock market crash dates back to 1634 and it was the Tulip crisis where […]
5 Common Challenges Entrepreneurs Face in UAE
Are Entrepreneurs Risk Takers?
Posted at 10:42h in General by Business Setup Consultants 0 Comments
If you have worked or lived in UAE, then you would be amazed to see the accelerated development of the region. UAE is always in the limelight in the print and electronic media for its groundbreaking developments, new startups, and […]
How VAT will Impact Businesses in UAE ?
UAE VAT Impact on Business | The Good, the Bad, and the Unexpected
All six GCC countries were introduced with simultaneous value-added taxes (VAT) in January 2018 in different business sectors.
VAT is not new, in fact the concept of GST/VAT was originated in France in 1950 and to date, there are over 160 countries across the globe, where General Sales Tax (GST) and VAT are […]
Effect of the US Presidency on the Dollar
The newly-elected US president, has been vocal about his concerns of the soaring strength of the US dollar and has warned that a strong greenback could be disadvantageous for American companies that do business abroad.
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Analysts predict that since the President is extremely pro-business and would like to boost America’s manufacturing and export sectors. Hence, a weaker dollar would make US manufacturers more competitive. If foreigners cannot afford to […]
Life Expenses in UAE are increasing!
UAE Cost of Living in UAE | Are Life Expenses Increasing?
Starting with Abu Dhabi residents will have to pay a municipality fee starting January this year.
The fee will amount to 3 percent of the annual rent and is being collected starting this month by ADWEA. The charge will be applicable to tenancy contracts in the emirate including Al Ain and in the Western Region. […]
Roundup of UAE Central Bank’s regulations for 2017
Risk management: That is the buzzword that the UAE Central Bank is focusing on to roll out new laws to ensure that banks are lending responsibly
UAE Central Bank
Transforming the UAE regulatory framework that will be consistent and transparent as per international standards, the Central Bank’s new corporate governance regulations come amid falling oil prices and rising levels of debt in the banking sector.
The past few quarters have been […]
Taxes Are Coming To UAE!
Does UAE Have Taxes? Understanding the Tax Implications for Your Business
Albert Einstein once said that the hardest thing in the world to understand is taxation. For UAE residences, this may have been hard to relate to, but not for long.
We wrote an article some time back about Will Taxes in the UAE be Implemented and here’s […]
India’s Bold Demonetisation Move: Will You Be Affected?
The recent move by the Indian government to demonetise or ban 500 and 1000 currency notes as been hailed as a great attempt to combat tax fraud, kill the circulation of counterfeit money and eliminate corruption, as eliminating large denominations makes it harder to hide large amounts of cash.
The announcement has attracted immense praise and criticism from corporates, economic commentators, foreign investors and the […]
