by PREMA Team | Oct 15, 2024 | ESR
The UAE Cabinet has issued Decision No. 98 of 2024, which amends the Economic Substance Requirements (ESR) originally set forth in Cabinet Decision No. 57 of 2020. Key updates include: End of ESR for Financial Periods Starting in 2023 From January 1, 2023, onwards,...
by PREMA Team | Oct 10, 2024 | Business
The UAE’s investment commitment in India could top $100 billion from the earlier target of $75 billion as both countries discussed ways to explore investment in infrastructure, manufacturing, public markets and various other sectors. Both sides discussed in detail...
by PREMA Team | Oct 9, 2024 | Business
UAE investments in wide range of sectors will have major impact on economy amid signs of trade growth The UAE plays an “incredible role in world trade” and investments in a diverse range of sectors will impact on the national economy, according to a senior WTO...
by PREMA Team | Oct 8, 2024 | Business
The UAE is prohibiting companies from offering or applying very low prices for production, transfer and marketing with a monopolistic approach to drive other companies out of competition. The new law defines competition as the act of conducting economic activities...
by PREMA Team | Oct 7, 2024 | Business, VAT
Changes to the UAE’s Value Added Tax (VAT) system are set to take effect on November 15, 2024, says the Federal Tax Authority (FTA). These updates will impact several sectors, with investment fund management and virtual assets receiving key exemptions. The amendments,...
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