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New regulation to attract start-ups, global fintech: CBUAE

by PREMA Team | Jun 27, 2024 | Business

Abu Dhabi: The Central Bank of the UAE (CBUAE) has issued the Sandbox Conditions Regulation, which aims to attract start-ups and global fintech businesses and create an attractive environment for the financial sector that supports creativity and innovation within...

UAE approves guidelines for public-private partnerships

by PREMA Team | Jun 26, 2024 | Business

Abu Dhabi: The UAE approved a manual on Public-Private Partnerships (PPP), outlining a policy and procedural framework to enable federal government entities to implement projects, and benefit from the expertise of the private sector. The UAE Ministry of...

UAE businesses: Don’t miss new Corporate Tax deadline to avoid fine

by PREMA Team | Jun 24, 2024 | Corporate Tax

Dubai: The The Federal Tax Authority (FTA) reminds Resident Juridical Persons subject to Corporate Tax with licenses issued in March and April, regardless of the year, to register by June 30, 2024 to avoid penalties. This enforces FTA Decision No. 3 of 2024 on...

UAE ranks second globally for greenfield FDI projects in 2023

by PREMA Team | Jun 21, 2024 | Business

The UAE was ranked the second-largest market after the US for greenfield foreign direct investment in 2023, according to a UN report, as the country continues to boost business with its investor-friendly policies. The Emirates made 1,323 greenfield...

Closure, fines of up to Dh10,000: Abu Dhabi firms warned against illegal contracts with social media influencers

by PREMA Team | Jun 20, 2024 | Business

Authorities in Abu Dhabi are calling on all licensed economic establishments in the emirate to comply with guidelines related to partnerships with social media influencers. Failure to do so will expose violators to closure or fines starting from Dh3,000 and going up...

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