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Ajay Denny

January 2, 2024
Oman Opens Wider for Foreign Investment; Allows Non-residents to Start Business 

​​The Sultanate of Oman is gearing towards a Foreign Investor-friendly regulatory regime. With the latest regulatory reforms, foreign investment do not need a residency card to establish a business in Oman. This groundbreaking development is part of Oman’s strategic vision to diversify its economy and attract global investors.​  Thinking about expanding your business to Oman?...

December 26, 2023
UAE Accountability Authority: ​​A Successor to the Supreme Audit Institution

​​The Supreme Audit Institution in the UAE is being replaced by the UAE Accountability Authority. The new Authority will be instrumental in UAE’s effort to curb Bureaucratic corruption and offer improved protection and safeguards to whistleblowers. ​ Background WAM (Emirates News Agency), the official news agency of the United Arab Emirates (UAE) has reported on...

December 8, 2023
UAE Corporate Tax Law: Key Changes in Qualifying Income Criteria (2023 Update)

In a significant development for businesses operating in the UAE, the landscape of UAE corporate tax is undergoing a transformative shift. The latest developments, encapsulated in Cabinet Decision No. 100 of 2023 and Ministerial Decision No. (265) of 2023 have replaced the erstwhile Cabinet Decision No. 55 of 2023 bringing about critical adjustments to the...

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