The UAE’s corporate tax regime will be among the most competitive worldwide, featuring a standard statutory tax rate of 9 percent and a tax rate of 0 percent for taxable profits up to AED375,000. The Ministry of Finance announced that the UAE will introduce a federal corporate tax on business profits that will be effective …
As part of the most extensive legislative amendments in the history of the United Arab Emirates, the Ministry of Economy (MoE) shared updates on Industrial Property and Patents. As of 2021, the following sectors accounted for the majority of patent applications: machinery and construction (23 percent), chemical engineering (24 percent), pharmaceuticals and biotechnology (24 …
It would seem that franchise and distribution agreements are nothing more than abstract commercial arrangements between parties. There is a significant underestimation of the prevalence and importance of franchise and distribution agreements in the UAE. A casual stroll through any busy street or shopping center in the country will reveal the impact of a wide …
Franchise Agreements vs. Distribution Agreements – A comparison. Read More »
The advancement of digital technology has been proven to improve organizational performance and enhance business value by enabling companies to meet their customer’s expectations. Public and private sectors have made substantial progress in building a digital infrastructure that facilitates innovation and creates new economic opportunities in line with national visions and ICT objectives. In addition …
The Middle East is poised to become a hub for innovation. Read More »
The UAE will introduce a new labor law on February 2, 2022, which will ensure that both private and public sector work practices and benefits are largely aligned. The law will “limit differences between the two sectors in such a way as to advance the establishment of a more integrated, efficient, sustainable, and attractive work …
UAE’s new labor laws align public and private sector benefits. Read More »
The UAE government is introducing a new four-and-a-half-day working week on January 1, 2022. It affects federal government entities and is coupled with new working hours, with Monday to Thursday workdays now beginning at 7.30 am and ending at 3.30 pm, and Friday working from 7.30 am to 12.00 pm. In addition, Friday sermons and …
UAE Government announces a four-and-a-half-day working week from January. Read More »
The government of the UAE has approved a comprehensive reform of the country’s legal system, which aims to strengthen economic, investment, and commercial opportunities, maximize social stability security, and ensure the rights of both individuals and institutions. It is intended that the new laws and legislative amendments keep pace with the development achievements of the …
UAE announces comprehensive economic, investment, and regulatory reforms. Read More »
Gulf Capital has released a white paper entitled, “Bridging West and East Asia: The Investment Case for Ascending Asia” that highlights the importance of the future growth of Asian economies as well as the development of intra-regional trade and investment flows between West Asia, including the GCC, and East Asia. In a study conducted by …
Gulf Capital White Paper projects a threefold increase in MENA’s GDP by 2050. Read More »
As Expo 2020 Dubai is forecast to add a value of more than $30 billion, it will have a significant impact on the economy of Dubai, the UAE, and the broader Middle East, North Africa (MENA) region well into the future. With the celebration of the 50th anniversary of the UAE’s formation as a federation, …
The impact of Expo 2020 on the UAE’s SME landscape. Read More »
Opportunity is a word that signifies hope and promise. This word implies endless possibilities and the possibility of something greater and better. In the wake of one of the most challenging periods in human history, it is a word the world clings to – both on a macro and micro level. The United States’ first …
Opportunity: Expo 2020 Dubai is committed to fostering an inclusive future. Read More »
