On Wednesday 9th March, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has approved a new law to regulate virtual assets in Dubai. The Dubai Virtual Asset Regulation Law is a legal framework to protect investors and promote responsible business growth within the virtual asset industry, whilst providing governance … Read More
UAE will introduce federal corporate tax in 2023
The UAE Ministry of Finance has just announced the introduction of a federal corporate tax from the financial year starting on or after June 1st 2023. A standard statutory tax rate of 9 percent will apply to profit generated by businesses in UAE. Foreign taxes paid will be credited against any payable UAE corporate tax meaning there will be no … Read More
UAE announces 5-year multiple entry visa
The UAE Federal Authority for Identity and Citizenship (ICA) has just announced they are ready to accept applications for a new 5-year multiple entry tourist visa. This new visa enables tourists to enter UAE multiple times on self-sponsorship and remain in the country for up to 90 days on each visit, which can be extended for another 90 days. We … Read More
Minimum investment for Property Visa reduced to 750,000 AED
The minimum investment to apply for a Property Visa in Dubai has been reduced to 750,000 AED, according to information available on the Dubai Land Department’s website. Previously, it was 1 million AED. This option is available through DLD’s Taskeen Programme, and permits an individual who owns a property valued at 750,000 AED or more at the time of purchase … Read More