Invest in Dubai platform launched Last week Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the ‘Invest in Dubai’ platform which claims to enable investors to obtain trade licenses and launch a business in only a few minutes. The list of local and federal entities that contributed to the … Read More
UAE announces citizenship will be available to eligible foreigners
In a major policy change announced on Saturday, the UAE Government approved amendments to its citizenship law, opening it up to groups of select foreigners. UAE will become the first Gulf nation to formalise a process aimed at embracing “exceptional people” and their families as part of Emirati society, and ensuring the social stability of these people in the country. … Read More
Diplomatic ties with Qatar restored after the signing of the “Al-Ula Declaration”
After three and a half years of physical and political isolation, Qatar is to be welcomed back into the GCC fold after the UAE, Saudi Arabia, Bahrain and Egypt have agreed to restore diplomatic relations with the sovereign state. On 5th January 2021, the Al Ula Declaration was signed with Qatar during the 41st Gulf Cooperation Council Summit at Al-Ula … Read More
Economic substance reporting deadline extended to 31st January 2021
The Ministry of Finance (MoF) has extended the deadline for all UAE based companies to file their Economic Substance Regulation (ESR) Notifications and (if necessary) ESR Reports to 31st January 2021. All companies in the UAE that engage in a “relevant activity” must submit an annual ESR notification and , if applicable, an ESR Report to both the regulatory authority … Read More