The resolution clarifies certain rules set out for natural persons and legal persons residing in the Emirates. It lays down rules which determine as to when a person, whether natural or legal, may be considered as a tax resident in the UAE. The rules have been framed in consonance with internationally recognized standards and are set to come in force from March 1, 2023.
Due to its favorable tax policies, rich culture, and growing economic climate, Dubai was already a popular relocation destination. Dubai has drawn a large number of expats from all over the world, particularly from the Middle East, South Asia, and Africa.
Dubai is seeing an increase in the number of luxury branded properties. With over 70,000 millionaires, the UAE is expected to see a 22% increase in high-net-worth families by 2027. According to the most recent wealth report by New World Wealth, the United Arab Emirates (UAE) is home to more than 70,000 millionaires.
Artists, designers, and performers with big goals are increasingly looking for places that will help them transform their ideas into thriving businesses. Dubai is growing as a new destination for creatives from all over the world seeking new pastures to realise the commercial potential of their great ideas.
Many emirates announced programmes to encourage motorists to pay off any traffic fine breaches they may have accumulated over the UAE National Day vacations. Sharjah, Ajman, Ras Al Khaimah, Umm Al Quwain, and Fujairah announced a 50% reduction on most traffic infractions, as well as the elimination of black points and vehicle impoundment fines. According […]
The Best NFT Government Project has been awarded to the Dubai Police NFT project. The project, which will be launched in May 2021, intends to enhance public awareness about cybersecurity and promote safe online conduct. The Dubai Police NFT project entails the development of a set of digital collectible cards with various cybersecurity themes and […]
The UAE intends to enact new legislation to penalize shops who raise prices illegally. The new rule will serve to protect customers from price gouging and would require retailers to follow fair pricing practices. Retailers who are found to be raising prices unfairly may face hefty penalties, including fines and potentially the suspension of their commercial license, under the new rule
The UAE is a fast expanding business hub that provides a favorable environment for entrepreneurs and investors to establish themselves.
Dubai Design District (d3), a famous office zone in Dubai, is preparing to launch its first residential options. In addition to its existing office spaces, the neighborhood, noted for its creative and design-focused environment, will soon provide residential flats.
The “Life Objectives” initiative of Dubai Holding is a Programme aimed at empowering blue-collar workers in the United Arab Emirates (UAE). The Programme is intended to improve the workers’ quality of life and to assist them in achieving their personal and professional goals.