by PREMA Team | Nov 20, 2023 | Business
The number of UAE business licences linked to creative activities registered in the country reached 932,000 by the end of the first half of 2023, amid the government’s efforts to attract more businesses and boost the economy. The latest data was revealed...
by PREMA Team | Nov 17, 2023 | Corporate Tax
The UAE Ministry of Finance on Friday announced new corporate tax decisions for companies in free zones as it seeks to standardise regulations with international frameworks. The new decisions aim to clarify the scope of both qualifying and excluded...
by PREMA Team | Nov 17, 2023 | Business
Emaar Properties, Dubai’s largest listed developer, reported a 42 per cent annual jump in its nine-month profit on higher sales as the UAE property market continues to grow strongly. Net profit for the nine months to the end of September climbed to Dh8.2...
by PREMA Team | Nov 17, 2023 | Business
The subscription period will open on Tuesday, November 21 On Sunday, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE issued Law No (21) of 2023 on Sunday, recognising it as a public joint-stock company. Abdul Muhsen Ibrahim Kalbat,...
by PREMA Team | Nov 9, 2023 | Corporate Tax, PREMA Insights
Tax Implications on Freezones as per UAE Corporate Tax Law The corporate tax implications on Free zone companies are different from those of mainland companies. However, in order for a freezone company to avail the benefits of the corporate tax law, they should be...
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