Abu Dhabi is leading the change in shaping the global economy, and Masdar City—with its “Live, Work, Play, Learn” philosophy—is emerging as a global model for sustainable urban development. As one of the world’s first net-zero cities, Masdar City offers businesses an unparalleled environment where innovation, sustainability, and growth converge. From 100% foreign ownership and...
Abu Dhabi is not just a city of opportunity—it’s a meticulously designed business ecosystem that fuels innovation, sustainability, and economic growth. Positioned at the crossroads of global trade, it has rapidly evolved into a top-tier destination for businesses and investors looking to establish and expand in a dynamic, future-ready market. With Vision 2030 at its...
The Federal Tax Authority (FTA) has issued a crucial reminder for natural persons engaged in business or commercial activities in the UAE. If your aggregate business turnover exceeded AED 1 million during the last financial year, it is mandatory to register for Corporate Tax no later than March 31, 2025.Failure to comply with this requirement...
The Federal Tax Authority (FTA) has recently published a public clarification document offering guidance on the Value Added Tax (VAT) implications of cryptocurrency mining activities employing the proof-of-work mechanism within the UAE. This clarification is of significant importance to businesses operating in the cryptocurrency sector. Key Takeaways The FTA’s clarification distinguishes between two scenarios: mining...
Detailed Information For more information, visit Taxation and Taxes in the UAE or consult with a tax expert.
The Abu Dhabi Global Market (ADGM), the UAE capital’s premier international financial center, has unveiled a new fee schedule for commercial licenses, effective 1st January 2025. This update introduces significant reductions, particularly benefiting non-financial and retail businesses, with some fees slashed by 50% or more, along with other incentives. Fee Reductions by Category Non-Financial Category ...
Abu Dhabi is leading the change in shaping the global economy, and Masdar City—with its Live, Work, Play, Learn philosophy— is evolving as a global model for sustainable urban development. In this article, George Mathew and Benoy Jacob explore why Masdar City is the ideal place to set up a futuristic business, how government-driven initiatives...
This Article is part of our article on the Expansion of Al Reem Island of ADGM. This Article focuses more on the regulatory frameworks and legal arenas during and post the transition from Abu Dhabi Mainland to Al Reem Island. The major shift that the business will face during or post the transition is the...
In alignment with global tax reforms spearheaded by the Organisation for Economic Co-operation and Development (OECD), the UAE is set to introduce a 15% Domestic Minimum Top-up Tax (DMTT) on large multinational companies. This will be implemented from 1st January 2025. This move forms part of the UAE’s adoption of the Global Minimum Tax (Pillar...
The concept of dual licensing in the UAE has emerged as a significant development in the United Arab Emirates business landscape, offering companies unprecedented flexibility and market access. This legal framework allows businesses to operate simultaneously in the mainland and free zones, bridging the gap between these distinct jurisdictions. Understanding Dual Licensing in the UAE...
