The country’s Minister of State for Financial Affairs, Obaid Al Tayer ,confirmed that UAE government has no intention to increase the current rate of Value Added Tax and Excise tax rate. According to him that there aren’t any studies or any legislation regarding introducing income tax. He pointed, however that the UAE’s Ministry of Finance...
As the new rule in UAE that all expatriates must obtain a Certificate of good conduct, the required documents needed is the valid Emirates ID and active email address. If the Emirates ID is not valid because the applicant is in between jobs, the police will explain over the phone that the applicant must need...
All expatriates are required to obtain a Certificate of Good Conduct before applying for work visa in UAE. The certificate is issued by either home country or the country of residence for the last 5 years.. The certificate must be attested by the UAE Customer Happiness Centres at the Ministry of Foreign Affairs and International...
Last January 2018, UAE Government announced the new rule and requirement before applying for work visa. The UAE Coordination Committee approved a Cabinet Resolution issued in 2017 stipulating that expatriates who apply for work visa in the UAE must first obtain a certificate of good conduct. The committee which consist of members represents the relevant...
According to Ministry of Finance, the new tax system in UAE will bring positive impact and development in the country. Younis Haji Al Khoori, Under-Secretary at the Ministry of Finance, said that UAE is keen to implement an effective tax system that considers the country’s future direction and protects its economic attractiveness and competitiveness. The...
Start of 2018 and businesses in UAE already levied VAT rate 5% to most goods and services. Consumers usually bear the cost and establishment collect and will report the collection to the Tax Authorities. There may be some some exemptions and the following are: VAT will be charged at 0% in respect of the following...
The UAE authorities recently announced that all expatriate must obtain a Certificate of Good Conduct issued by either the home country or the country where they lived for the last five years. The new rule will take effect from February 4, 2018. The certificate must be Notarized and Attested prior to submitting the work or...
Depending on your business to open, activities and location, here are some key points or advantages in company formation in Mainland. There are two options for business setup in UAE: Article 1 It allows to conduct business in all UAE – Having business in the Mainland, you are able to trade with other businesses anywhere...
Dubai is the world’s fastest growing employment hotspot in the world. Up to date, more than thousands of companies have been registered in Dubai mainland and free zones. There are two options for business setup in UAE: Mainland business setup; Free zone business setup. If you choose to conduct business in UAE mainland, you will...
Businesses will be responsible for carefully documenting their business income, costs and associated VAT charges. Businesses that meet the minimum annual turnover requirement (as evidenced by their financial records) will be required to register for VAT. Businesses that do not think that they should be VAT registered should maintain their financial records in any event,...
Riyadh, Kingdom of Saudi Arabia
Cairo, Egypt
