by PREMA Team | Jul 26, 2024 | Corporate Tax
Overview In the UAE, corporate tax is regulated by Federal Decree-Law No. 47 of 2022, also known as the Corporate Tax Law. This law outlines how taxable income should be calculated, including transactions between related parties, which must meet the arm’s length...
by PREMA Team | Jul 22, 2024 | Business
Gulf IPOs raised $3.6bn in the first half of 2024, according to Kuwait Financial Centre “Markaz”. In a research report titled “Initial Public Offerings (IPO) in the GCC markets”, it noted the region has seen 23 offerings during the first six months of 2024. It...
by PREMA Team | Jul 19, 2024 | Business
Dubai International Financial Centre (DIFC) on Monday enacted a new legislation on how private companies can be established at the international financial hub. DIFC said in a statement that it is enacting amendments to the ‘Prescribed Company’...
by PREMA Team | Jul 17, 2024 | Business
The Abu Dhabi Chamber of Commerce and Industry launched its new strategic initiative ‘Gateway to the World’, aimed at expanding its global network. The move is expected to create new opportunities for local businesses to expand globally and attract more...
by PREMA Team | Jul 17, 2024 | Business
The Dubai real estate sector recorded more than AED12.9bn ($3.5bn) of transactions last week, according to data from the Land Department. Sales dominated the figures, with AED10.43bn ($2.8bn), according to Land Department data. In total there were 2,928...
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