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EU Removes UAE From Its High-Risk AML List
On 10th June 2025, the European Union announced that the United Arab Emirates, along with seven other countries, has been removed from its list of high-risk jurisdictions for money laundering and terrorist financing. This move highlights the EU’s acknowledgment of the substantial improvements the UAE and the other 7 nations have made in enhancing their…
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UAE’s First Mega Casino Wynn Resorts RAK is Coming Soon
UAE’s First Mega Casino Wynn Resorts RAK is Coming Soon Wynn Resorts RAK received its commercial gaming operator license from the General Commercial Gaming Regulatory Authority (GCGRA) on October 4, 2024. The United Arab Emirates’ very first casino resort is being built on Al Marjan Island, Ras Al Khaimah (RAK). The $3.8 billion mega resort…
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UAE VAT Executive Regulations
UAE VAT Executive Regulations Introduction Summary of Amendments, Effective 15th November 2024 The Federal Tax Authority (FTA) in the United Arab Emirates has announced Cabinet Decision No. (100) of 2024, which modifies the Executive Regulations of Federal Decree-Law No. (8) of 2017 on Value Added Tax, with effect from 15th November 2024. The purpose of…
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RAK ICC – Corporate Tax Registration
RAK ICC – Corporate Tax Registration RAK ICC entities have officially been included in the FTA EmaraTax Portal for corporate tax registration. This marks a significant milestone in RAK ICC’s continuous endeavors to simplify procedures and guarantee compliance of RAK ICC entities (both RAK ICC companies and RAK ICC foundations) with the relevant tax laws.…
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UAE National Strategy for Anti-Money Laundering
The UAE’s National Strategy to Combat Money Laundering and Terror Financing The UAE’s latest National Strategy against Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT) and Countering Proliferation Financing (CPF) for 2024-27 was announced following approval from the UAE Cabinet on 2nd September 2024, drawing from the most recent National Risk Assessment after employing the methodology…
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UAE Tax Residence
UAE Tax Residence & Certificates of Tax Residence Important Note: See point 3. below – with only 90 days of UAE presence a year an individual can obtain a UAE tax residence and due official certification of the same. This is a very useful and advantageous provision. It is a must to get a Certificate of…
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UAE Corporate Tax Update
UAE Introduces Corporate Taxation Important Note: UAE Free Zone Companies will retain their 0% tax status as before for income / transactions arising outside the UAE (Qualifying income). A condition for the 0% tax status, as stipulated by the law, is that the free zone company maintains adequate economic substance as per the UAE Economic Substance Law.…
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UAE Banking and Residency Solutions
UAE Banking and Other Solutions for the Global Geopolitical and Financial Crisis Introduction – What is This About? This is a short but critically important note with some ideas for using the UAE relating to the planning of your future international cross border funds flows and banking transactions in order to ensure your companies and…
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UAE Unique Advantages to Investors
A Look at 2021: Five reasons foreign investors will keep on investing in the United Arab Emirates (UAE) In 2021 UAE Offers Unparalleled and Unique Advantages to Investors Compared to Other Jurisdictions As we look ahead to next year (scroll below for the full article), there is increasing evidence that the UAE will most likely see…
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Cyprus, Malta and UAE Companies Bank Account
Bank Accounts – Important Matters Relating to your Cyprus, Malta and UAE Companies This is a short and simple and without technical jargon (so it is clearly and quickly understood, given the complexity of the matter) but very important note to alert you of the urgent actions we strongly recommend you to take in terms…
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New Chinese and Indian Banks at Dubai International Financial Centre Soon
New Chinese and Indian Banks at Dubai International Financial Centre Soon July, 2017 Dubai International Financial Centre (DIFC) has revealed that various top Chinese and Indian banks are in the process of obtaining banking licenses and will be shortly setting up operations at DIFC. A number of leading Chinese and Indian banks are already operating…
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Thriving UAE Company Formations
Thousands of Job Vacancies Mean Thriving UAE Company Formations July, 2017 Over 20,000 new job vacancies were posted by UAE based companies across a wide range of industries during the first half of 2017, especially during the last three months …… great news for UAE job seekers…. These positive figures (that are based on data…
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Dubai Company Setups Increase
Dubai Company Setups to Increase with Launch of Multi Billion Dirham Food Park July, 2017 The Government of Dubai has unveiled plans for the launch of a new AED 5.5 billion Food Park in Dubai’s Wholesale City. As reported in Gulfnews.com, the huge 48 million square feet facility is set to be the first of…
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Boost in Ajman Company Formations in 2Q 2017
Boost in Ajman Company Formations in 2Q 2017 July, 2017 The emirate of Ajman has issued 1052 business licenses in the second quarter of 2017. These superb results were announced by the Planning and Development Division at Ajman Department of Economic Development (DED) and were reported by Emirates News Agency. Furthermore, there has been a…
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Dubai’s Booming Economy – What it Means for Dubai Company Formations
Dubai’s Booming Economy – What it Means for Dubai Company Formations July, 2017 The Business Registration and Licensing (BRL) unit at Dubai Economy has issued 10,455 commercial licenses during the first half of 2017. This means the BRL has been issuing 1,743 licenses on average per month, according to a report by Khaleej Times. These…
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Abu Dhabi Ranked as Second Best City in the World
UAE Company Formations to Rise as Abu Dhabi is Ranked Second Best City in the World July, 2017 Abu Dhabi has been ranked the second best city in the world, overtaking both London and Paris. The 2017 Ipsos Cities Index has ranked Abu Dhabi the second-best city globally to work, live and do business in………
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UAE Top SMEs Growth
UAE Top SMEs Growth Will Lead to Rise in UAE Company Incorporations July, 2017 104 shortlisted SME entrants for the 2017 Gulf Capital SME Awards have reported over 150% average annual growth. These outstanding figures, that were reported by Gulfnews.com show, without a doubt, how SME’s in the UAE are resistant to economic slowdown and…
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UAE Non-Oil Sector Growth
UAE Free Zone Company Formations to Rise with UAE Non-Oil Sector Growth July, 2017 The UAE’s non-oil private sector business witnessed a marked increase in growth for the month of June. According to a report by Gulf Daily News on statistics from a survey sponsored by Emirates NBD Bank, this latest growth spurt is due…
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Faster UAE Residence Visas Support UAE Company Formations
UAE Company Formations to Increase with Faster UAE Residence Visas July, 2017 The UAE Government has announced that the waiting time for UAE Residence visas for employees of the private sector will be reduced by half. Furthermore, as reported by whatson.ae, the UAE Government has committed to starting the new, faster processing of UAE Residence…
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UAE Company Incorporations Increase
UAE Company Incorporations on the Way Up with Application for Membership in International Maritime Organization Executive Council July, 2017 The UAE has applied to be nominated for membership of the Executive Council of the International Maritime Organization (IMO). As reported by Hellenic Shipping News, the United Arab Emirates is preparing for second category membership (category…
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UAE Company Formations to Thrive from Top Retail Ranking
UAE Company Formations to Thrive from Top Retail Ranking July, 2017 The United Arab Emirates is ranked 5th in the Middle East and North Africa Region in the latest results of the A T Kearney Global Retail Development Index (GRDI). This ranking (that is up 2 positions from last year’s ranking) reconfirms the UAE’s solid…
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Abu Dhabi Airport Business City Free Zone
Abu Dhabi Airport Business City Free Zone Company Formations on the Way Up July, 2017 Abu Dhabi Airport Business City has announced the issuing of its 200th trade license. This news is a clear sign that Abu Dhabi Airport Business City is a strong choice for international and local businesses wishing to set up their…
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KIZAD Free Zone Company Preferred by Investors
KIZAD Free Zone Company Preferred by Investors June, 2017 KIZAD Free Zone Company Preferred by Investors Khalifa Industrial Zone Abu Dhabi (KIZAD) has announced that 12 new major investors will kick off their manufacturing operations at KIZAD this year. Last year KIZAD launched a free zone within the industrial zone, the Khalifa Port Free Trade…
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UAE Company Incorporations Rise Due to Innovation Strategy
UAE Company Incorporations on the Rise Due to Innovation Strategy June, 2017 The UAE has overtaken all Arab countries in the 2017 Global Innovation Index (GII) and has improved its ranking by 6 positions from its position last year, making it one of the most innovative countries in the world. The UAE will continue to…
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RAK Offshore Company Formation at RAKICC
RAK Offshore Company Formation at RAKICC The Government of Ras Al Khaimah recently announced the launch of RAK International Corporate Centre (RAKICC) as its corporate registry for RAK offshore companies. RAKICC has become a highly attractive offshore jurisdiction for businesses and investors wishing to trade, invest and own properties internationally. We can Help you Set…
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UAE Free Zone Company Formations Increase
UAE Free Zone Company Formations to Boost as UAE Tops World Customs Efficiency The UAE has been awarded a top global ranking in the Efficiency of Customs Procedures Index of the annual report of the Global Competitiveness of 2017. This is exciting news as it adds another positive ranking to the UAE’s excellent track record…
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RAK Company Formations Boosted by RAKEZ
RAK Company Formations Boosted by Launch of RAKEZ June, 2017 The government of Ras Al Khaimah (RAK) has proudly launched the Ras Al Khaimah Economic Zone (RAKEZ) which is the new authority that regulates and manages RAK’s free zones. The two merged free zones that are now under the RAKEZ umbrella are RAK Investment Authority…
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Record Number of New DMCC Free Zone Company Registrations
Record Number of New DMCC Free Zone Company Registrations April, 2017 Dubai Multi Commodities Centre (DMCC) Free Zone has announced that it achieved 2,016 new DMCC Free Zone Company Registrations in the year 2016. These are outstanding and record-breaking results and mean that the number of new DMCC Free Zone company registrations has increased by…
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Brexit to Increase Dubai Company Incorporations
Brexit to Increase Dubai Company Incorporations April, 2017 The number of new Dubai company incorporations is strongly predicted to rise due to Brexit. Dubai company incorporations will increase due to: Brexit is a trigger that is forcing companies to seek other location options. UK companies are interested in setting up in Dubai in order to…
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JAFZA Company Setups to Boost
JAFZA Company Setups to Boost March, 2017 JAFZA (Jebel Ali Free Zone Authority) company setups are expected to boost following the announcement of JAFZA’s partnership with The Global Manufacturing and Industrialization Summit (GMIS). JAFZA company setups are expected to increase because of: Selecting JAFZA as a strategic partner of the Summit highlights the importance of…
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DFZ Council to Boost Interest in Dubai Free Zones
DFZ Council to Boost Interest in Dubai Free Zones February, 2017 The Dubai Free Zone (DFZ) Council has approved a strategy aimed at boosting the interest of international investors in Dubai’s free zones. This strategy is a wise move that will highly increase the competitiveness of Dubai’s free zones. Therefore it will strongly support the…
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Dubai Multi Commodities Centre Free Zone Announces New Trading Technologies
DGCX of Dubai Multi Commodities Centre Free Zone Announces New Trading Technologies March, 2017 DMCC Free Zone Company Formations to Increase An increase in Dubai Multi Commodities Centre (DMCC) Free Zone company formations is expected following the announcement about its subsidiary, the Dubai Gold & Commodities Exchange (DGCX)’s cooperation with Trading Technologies International Inc (TT).…
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Hamriyah Free Zone Authority set to Boost Company Setups
Launch of Sharjah Food Park at Hamriyah Free Zone Authority set to Boost Company Setups March, 2017 The number of new Hamriyah Free Zone Authority (HFZA) company setups is predicted to increase following the launch of HFZA’s “Sharjah Food Park”. HFZA’s new company setups will rise because it is strongly expected that the Food Park…
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UK–UAE Double Tax Treaty – What You Need to Know
UK–UAE Double Tax Treaty to Boost UAE Business and Economy January, 2017 A boost in the UAE business and economy is strongly predicted following a Double Taxation Agreement between the United Kingdom and the United Arab Emirates that has been effective from 25th December 2016. It is considered of major significance to the UAE business…
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Growth of UAE Business and Economy
Growth of UAE Business and Economy due to Non-Oil Private Sector Business Activity March, 2017 Increased UAE Company Formations from Surge in Non-Oil Business An increase in UAE company formations is strongly predicted due to the surge in the UAE’s non-oil private sector business activity that has reached an 18-month high. According to statistics from a…
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Record Numbers of DAFZA Company Registrations
DAFZA Announces 16% Profit Growth for 2016 and Record Numbers for DAFZA Company Registrations March, 2017 The Dubai Airport Free Zone (DAFZA) has announced a record number of DAFZA company registrations and a 16% net profit growth for the year 2016. This outstanding success is evidence that DAFZA is the prime destination for global businesses…
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A Record Year for DIFC Free Zone Company Registrations
2016 – A Record Year for DIFC Free Zone Company Registrations February, 2017 The number of new company registrations at the Dubai International Financial Centre (DIFC) Free Zone reached a record high in 2016. This pleasing result is evidence that international investors, businesses and financial institutions have placed their confidence and trust in DIFC’s world-class,…
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DIFC Wills and Probate Registry extended to RAK
Asset Protection in RAK to Boost RAK Company Formations January, 2017 Non-Muslim investors and residents of Ras Al Khaimah (RAK) can now decide who inherits their assets as new legal measures for enforcing wills have been agreed. This welcome news will result in more people wanting to relocate to the emirate of Ras Al Khaimah…
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RAKEZ Amenity Centre, Tower 2
P.O.Box 322762, Al Jazeera Al Hamra
Ras Al Khaimah, United Arab Emirates