by PREMA Team | Apr 1, 2024 | Business
The value of Abu Dhabi government tenders awarded to companies holding in-country value certificates surged to Dh44.17 billion ($12 billion), an increase reflecting the strength of the emirate’s industrial economy. The figure is nearly 17 times the Dh2.5 billion...
by PREMA Team | Mar 29, 2024 | Business
The new bankruptcy law coming into effect on May 1, 2024 in the UAE is expected to lead to more successful restructuring of insolvent businesses, ensuring a safer and more vibrant entrepreneurial ecosystem in the UAE. The latest law per Federal Decree-Law No. 51/2023...
by PREMA Team | Mar 28, 2024 | Business
The UAE is considering a golden and silver business licence which will be valid for up to 10 years. This was discussed during the Economic Integration Committee meeting which was attended by Abdullah bin Touq Al Marri, Minister of Economy; Thani bin Ahmed Al Zeyoudi,...
by PREMA Team | Mar 26, 2024 | Corporate Tax, Other Tax, VAT
The tax authority reduced the processing time for the tax refund for UAE nationals building new residences The UAE Federal Tax Authority (FTA) announced upgrading three key services, including that for issuing tax certificates, under the ‘Government...
by PREMA Team | Mar 25, 2024 | Business, Other Tax
Dubai: The UAE’s Federal Tax Authority has upgraded three of its services, including that related to issuing tax certificates. Thus, the number of documents needed for the tax certificate issuance service has been cut to five from six earlier, while reducing the...
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