read our

Good to Know

Creation of the Dubai Integrated Economic Zones Authority

Good to Know 2 October 2021 Marsel Shadmanov

As a part of the program for enhancing the environment for businesses and investors, a new framework has been introduced in Dubai in 2021. In this article, we would like to cover the new Law No. (16) of 2021 (New Law), issued by Dubai's Prime Minister, Sheikh Mohammed bin Rashid.

Ministry of Finance: Update on UAE Economic Substance Regulations

Good to Know 22 September 2020 Krisandra Robles

Following the update on the directives for implementation of ESR dated 11 September 2019, the Ministry of Finance (MoF) has released an Amendment to the UAE Economic Substance Regulations on 10th and 19th of August 2020, respectively:

Cabinet Resolution No. 57 of 2020 (“Resolution”); and
Ministerial Decision No. 100 of 2020 (“Ministerial Decision”).

Update: Background Introduction of Economic Substance Regulations in the UAE

Good to Know 10 May 2020 Pankaj Kanjani

The European Union (“EU”) in 2017 had included the United Arab Emirates (UAE) in the list of non-cooperative jurisdictions. The blacklisting was on concerns about shifting of profits mainly for the reasons of either No or only Nominal (NOON) Tax, lack of transparency and exchange of information, and lack of substance requirements.

Update: EU Removes UAE from Tax Haven Blacklist

Good to Know 12 October 2019 Marsel Shadmanov

On 10 October 2019, the Council agreed to remove the United Arab Emirates (UAE) and the Marshall Islands from the EU's list of non-cooperative jurisdictions for tax purposes. It also found Albania, Costa Rica, Mauritius, Serbia, and Switzerland to be compliant with all commitments on tax cooperation.

How to Open a Bank Account in Dubai, UAE in 2019

Good to Know 3 August 2019 Marsel Shadmanov

Why in more than 50% of cases, banks refuse companies to open a bank account in Dubai and the UAE? How to pass the checks of the UAE banks? Find out more about opening a bank account in one of the UAE Emirates requires in 2019.