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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 [...]

List of Business Sectors with 100% Ownership in the UAE

List of Business Sectors with 100% Ownership in the UAE

UAE has been capturing the attention of foreign investors for a long time, starting with Dubai. Due to the unique location Dubai has been acting as a transit point that connects Asia, Middle East, Europe and Africa since the year 1988. The oil and gas reserves have also attracted foreign investments, as the reserves around the world shrunk. UAE became one of the most famous places for oil and to be honest the government has used one resource to develop [...]

UAE businesses told to keep tax data confidential

UAE businesses told to keep tax data confidential

It is essential for companies to keep their confidential records secure from the eyes of the outsiders. Whether these records be associated to the company finances, employee information or the clients.  Weak business policies and mismanagement of business details can create problems for not only the business but also its employees. For example, in cases where confidential information is leaked, a business may suffer from loss of cliental. This is because the trust among the client and the provider weakens [...]

For UAE’s women-owned business, possibilities are within reach

For UAE’s women-owned business, possibilities are within reach

Around the world, women have contributed to the financial well-being of families and cultures throughout history. Even though in some areas, women were not allowed to work, they have been working in farms and cottage factories to produce whatever they can. They worked hard and still do to support their families in rural areas. In the urban areas, the environment is different, the culture is different and so is the type of work that they can find. In urban [...]

How to convert businesses struggle into potential energy at the start of a new year

How to convert businesses struggle into potential energy at the start of a new year

All types of businesses need some kind of assistance, whether the business is newly set up or has been operating in the market for a couple of years. Fluctuations in business related markets can be caused due to number of reasons. External reasons such as threats of new entrants or, change in international or local currency rate can immensely affect the markets especially if there are similar types of business operating in the same market. Internal problems such as [...]

UAE VAT refund scheme an opportunity for business to increase international travel spend

UAE VAT refund scheme an opportunity for business to increase international travel spend

Value added tax took effect this year in the UAE. The tax was introduced on January 1, at a rate of 5%. VAT is a new kind of tax that has been introduced in the UAE. It is one of the most common types of tax which has been in effect in many different countries around the world and has been effective in helping the government achieve their goals. As the tax was new, investors and businessmen were not so [...]

Taxation in the UAE 5 Things Expatriates Should Know

Taxation in the UAE 5 Things Expatriates Should Know

The government of the UAE has worked hard to maintain high profitability so as to subtly invite investors who are always out on a hunt for new areas of business and look to expand their business empires to avenues that they have not explored. This is the reason why the UAE authorities have provided many incentives in many different forms to investors and entrepreneurs. The government has provided great infrastructure development that has made business easier for investors as this [...]

Payroll Services for Companies in UAE

Payroll Services for Companies in UAE

UAE is famous for the growth in business that it has seen in the previous years. This has been possible due to the variety of services available to the investors and every business setup in Dubai. From banking and consultancy to logistical support and transportation, businesses require many services for them to perform their roles and provide to the market. This means that services provided to businesses are also business products in reality. These services provide businesses with a chance [...]

New list of business activities added in Dubai DED to promote growth

New list of business activities added in Dubai DED to promote growth

The types of businesses that are allowed in the UAE are growing simply because the demand for new products and services is growing at a much quicker pace than it did years ago. The population is growing and people from all parts of the world are coming to the UAE for their business setup in Dubai. The growing number of immigrants is also advocating the provision of more items that were not available before and so the authorities in [...]

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