What is the Transfer Pricing Mechanism? Transfer Pricing policies are concerned with determining the price for transactions made between related parties. Who is subject to Transfer Pricing Regulations? Transfer pricing rules are applicable to UAE businesses that have transactions with Related Parties and Connected Persons, regardless of whether such Related Parties or Connected Persons are...
The UAE’s labour law landscape is characterized by a general federal framework applicable throughout the Emirates, alongside distinct legal systems in the Dubai International Financial Centre (DIFC) and the Abu Dhabi Global Market (ADGM). Each system has its own unique regulations and procedures. Here’s a deep dive into the employment regulations in each of these...
The United Arab Emirates (UAE) stands tall as one of the world’s fastest-growing economies, beckoning entrepreneurs and businesses with the promise of a thriving business haven. Nestled in this oasis of growth is the perfect opportunity to set sail with offshore companies. The UAE’s government has cultivated a business-friendly environment that entices foreign investors and...
Confused about UAE’s Corporate Tax for your small business? Don’t worry! This guide explains the Small Business Relief program offering tax exemption and simplified compliance What Constitutes a Small Business A taxable person with revenue from the relevant tax period and the previous tax period not exceeding AED 3 million (revenue threshold) is eligible...
Introduction The Abu Dhabi Global Market (ADGM), a renowned international financial center, has been gaining prominence as a business hub in the heart of the United Arab Emirates (UAE). With its business-friendly regulations and conducive environment for both local and foreign enterprises, ADGM has attracted a diverse range of businesses, leading to an increasing need...
The DIFC Employment Law is comprehensive and provides a clear framework for the employer-employee relationship to ensure that both parties are treated fairly. Disambiguation: This article discusses DIFC employment laws. For ADGM labour laws, please refer to ADGM Employment Laws. For UAE Federal labour laws, please refer to UAE Federal Employment Laws. Leading Financial Center in the...
ADGM labour laws are very stringent about employee welfare and protection of wages. Not paying wages can lead to court intervention and hefty penalties. Each stage of non-compliance would amount to different stages of penalty. Every employer is obliged to make payments to their employees in accordance with the employment contract executed between the employer...
Understanding the different business structures in the UAE such as LLCs, Partnerships, PJSCs, Branch Offices, and more will help you make the right decisions. From the dazzling skyscrapers of Dubai to the stunning beaches of Abu Dhabi, the United Arab Emirates (UAE) has become a beacon for foreign investors seeking new horizons. The secret behind...
UAE Corporate Tax FAQs: What are the deductible expenses, who can claim the deduction, how to claim the deduction, which expenses are non-deductible, what is a QPBE? Which expenses can be deducted for deriving the Taxable Income for the purpose of UAE Corporate Tax? Generally, all business-related expenses can be deducted during the relevant tax...
As per the UAE Corporate Tax Law, all businesses registered under Corporate Tax must submit their annual tax return within nine months from the end of its financial year. Consequently, for companies and individuals with a financial year ending on December 31, 2024, the deadline to file their Corporate Tax return is September 30, 2025. ...
