UAE: Incentives for FDI in digital companies in UAE

UAE: Incentives for FDI in digital companies in UAE

The UAE is offering incentives to attract hundreds of digital companies to set up in the country as part of a programme to draw more foreign direct investment and position itself as a global tech centre. Under the first phase of the NextGenFDI initiative, the Emirates...
Corporate Tax: Transfer pricing for family businesses

Corporate Tax: Transfer pricing for family businesses

As businesses adjust their legal and accounting structures ahead of the UAE’s new corporate tax regime, which comes into effect next June, it is family businesses that may need to rethink their traditional ways of operating. Transfer pricing regulations, a fundamental...
AML: New rules for reporting real estate transactions in the UAE

AML: New rules for reporting real estate transactions in the UAE

The UAE has introduced new reporting requirements for “certain real estate transactions” conducted in the country to fight money laundering and terrorism financing. As part of the latest directive, all real estate agents, brokers and law firms are required to file...
Dubai Chamber forms Digital Assets Business Group.

Dubai Chamber forms Digital Assets Business Group.

Dubai Chamber has formed the Dubai Digital Assets Business Group (D2A2), as the emirate seeks to bolster its digital economy. The new body will strengthen the role of the digital asset industry in the UAE’s economic development, enhance digital business...
UAE publishing sector to hit $650 million in 2030.

UAE publishing sector to hit $650 million in 2030.

Abu Dhabi: The UAE’s publishing sector grew 150 per cent in the current decade, and is set to reach $650 million in 2030, according to a report. The country’s digital music segment is likely to reach revenues of $62 million this year, hitting a projected market value...