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Dubai’s RTA and DMCC team up to support digital companies in transport sector

Dubai’s RTA and DMCC team up to support digital companies in transport sector

by Danissa Guotana | Apr 12, 2023 | Business

Dubai’s Roads and Transport Authority (RTA) will team up with the Dubai Multi Commodities Centre (DMCC) to support digital companies and organisations operating in the private and commercial transport sector. The two have signed a memorandum of understanding (MoU) for...
UAE announces list of entities exempted from corporate tax

UAE announces list of entities exempted from corporate tax

by Danissa Guotana | Apr 11, 2023 | Corporate Tax, Other Tax

ABU DHABI – The Ministry of Finance has issued Ministerial Decision No. 43 of 2023 on the exception from tax registration for the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (Corporate Tax Law). The decision is...
UAE announces AED1m fine for unlicensed money collection

UAE announces AED1m fine for unlicensed money collection

by Danissa Guotana | Apr 6, 2023 | Business

The UAE has announced a fine of up to AED1m and a five-year jail term for collecting money without a licence to do so. UAE Public Prosecution took to social media to highlight the penalty for unlicensed collection of money. According to Article No. 41 of the...
Abu Dhabi starts fund to boost business tourism in the emirate

Abu Dhabi starts fund to boost business tourism in the emirate

by Danissa Guotana | Apr 5, 2023 | Business

Abu Dhabi has launched a new fund aimed at further increasing corporate events and incentive travel in the emirate, as the UAE capital seeks to expand business tourism. The fund will leverage public-private partnerships to boost business-to-business events,...
Dubai Police and banks team up to stamp out financial crime

Dubai Police and banks team up to stamp out financial crime

by Danissa Guotana | Apr 3, 2023 | AML, Business

Dubai Police’s General Department of Criminal Investigation has signed Memorandums of Understanding (MoUs) with ten banks and financial institutions, to enhance the security system and collaborate with partners in the field of investigating and anticipating the future...

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