Monthly Archives - February 2019

VAT refunds for tourists in UAE

VAT refunds for tourists in UAE

What is VAT? UAE announced the implementation of Value Added Tax (VAT) effective from the 1st of January, 2018. This is a tax that is to be applied on every stage of manufacturing the product or service. For example, when a water bottle is wrapped with the name of the brand, value is being added to the water bottle. Similarly, when a parts are put together to form a new product, value is said to have been added. Due to VAT in [...]

Dubai Yachting Business - UAE maritime leisure sector a sea of opportunities

Dubai Yachting Business – UAE maritime leisure sector a sea of opportunities

Introduction UAE has becomes one of the world’s leading business hubs due to its developed state, infrastructure and the prime location. For example, Dubai has been acting as a transit point for Asia, Africa, Middle East, Europe and Russia for almost 300 years due to its unique location. Furthermore, as the technology advances, UAE is slowly creating more business hubs such as Abu Dhabi. By creating opportunities for local and foreign business owners and entrepreneurs such as creation of free zones [...]

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