by PREMA Team | Jan 9, 2025 | AML
The Middle East and North Africa Financial Action Task Force (MENAFATF) has announced a new five-point strategic plan to strengthen regional efforts against money laundering and terrorist financing, as Jordan assumes the group’s presidency for 2025. The strategy,...
by PREMA Team | Jan 8, 2025 | Business
The Abu Dhabi Department of Economic Development (ADDED) has launched Abu Dhabi Registration and Licensing Authority (ADRA) to further enhance and regulate the business sector across the emirate. The launch follows the Abu Dhabi Executive Council’s...
by PREMA Team | Jan 7, 2025 | Business, Corporate Tax
KUWAIT CITY: The 15% tax law, set to take effect for multinational entities starting from tax periods beginning on or after January 1, includes a nine-month grace period for companies to apply for registration without incurring administrative penalties. The Ministry...
by PREMA Team | Jan 6, 2025 | PREMA Insights
The UAE Corporate Tax regime includes several exemptions to prevent double taxation and align with international tax practices. These exemptions are designed to ensure fairness and simplicity while maintaining compliance with global standards. Purpose of Exemption...
by PREMA Team | Jan 3, 2025 | Business
Dubai’s real estate market has achieved unprecedented success in 2024, reaching a peak of 180,900 transactions valued at AED 522.1 billion. This marks a significant increase from the previous record of 133,100 sales worth AED 411.1 billion in 2023. The growth...
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