by PREMA Team | May 24, 2024 | Business
Dubai’s AI campus has been officially inaugurated and is expected to play a key role in the city’s digital transformation. As Dubai looks towards a $27bn digital economy boost, the AI hub will attract 500 companies and create more than 3,000 jobs by 2028. Sheikh...
by PREMA Team | May 23, 2024 | Uncategorized
Companies doing businesses in free zones in the UAE need to meet certain criteria to be eligible for zero per cent corporate income tax on their activities and become a qualifying free zone person (QFZP), according to the latest guide issued by the Federal Tax...
by PREMA Team | May 22, 2024 | Business
Abu Dhabi Global Market’s financial regulator has issued a $122,500 fine on investment platform Sarwa Digital Wealth (Capital) for breaching rules on offering securities. The penalty was levied after Sarwa was found making an offer of securities at ADGM without...
by PREMA Team | May 14, 2024 | Corporate Tax
Effective from January 1, 2023, services performed by natural persons as members of a Board of Directors for government or private sector entities are no longer considered a supply of services for VAT purposes. This contrasts with the previous rule where such services...
by PREMA Team | May 10, 2024 | Business
Financial technology companies in the Dubai International Financial Centre have raised a combined $3.3 billion in venture funding, with growth in line with the onshore financial hub’s goal of doubling its contribution to the emirate’s economy, the DIFC governor has...
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