by PREMA Team | Jan 5, 2024 | Business
The UAE’s non-oil sector reported its second-best performance in nearly five years, with 2023 closing on a strong note according to the S&P Global Purchasing Managers’ Index. Favourable economic trends, coupled with an upturn in new business intakes drove the...
by PREMA Team | Jan 5, 2024 | Business
The widespread adoption of cryptocurrencies in the UAE can be attributed to strategic decisions made at the state level and the country’s commitment to innovation and technology adoption. The UAE is leading the world in finally pushing widespread adoption of...
by PREMA Team | Dec 29, 2023 | Uncategorized
Saudi Arabia said on Tuesday it will offer tax incentives for foreign companies that locate their regional headquarters in the kingdom, including a 30-year exemption for corporate income tax. The world’s top oil exporter announced in February 2021 plans to cease...
by PREMA Team | Dec 29, 2023 | Business
Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister, and Ruler of Dubai, has issued a new law that seeks to further elevate the emirate’s status as a globally competitive destination. The new provision, Law No. (26) of 2023, spells out the...
by PREMA Team | Dec 26, 2023 | Uncategorized
The UAE’s Federal Tax Authority has issued a guide for “natural persons” who generate income in the country or do business, to help them determine whether they are subject to corporate tax. The guide provides a “comprehensive and...
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