The UAE has initiated the extradition process of a British citizen to Denmark who is suspected of defrauding Danish tax authorities of over $1 billion, according to a UAE official. Sanjay Shah, the suspect, allegedly submitted applications to the Danish Treasury for dividend tax refunds worth more than 9 billion Danish crowns ($1.32 billion) on behalf of investors and companies…
The UAE Ministry of Finance has issued Ministerial Decision No. 73 of 2023 on Small Business Relief to support start-ups and small or micro businesses by reducing their corporate tax burden and compliance costs. This decision is in accordance with Article 21 of the Corporate Tax Law, which treats the taxable person as not having derived any taxable income in…
Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the newly appointed Crown Prince of Abu Dhabi, is known for his passion for sports and his leadership in national projects that will shape the future of the UAE. As the Chairman of the Abu Dhabi Executive Office and a Member of the Abu Dhabi Executive Council, Sheikh Khaled has spearheaded several…
The recent leadership appointments announced by the UAE President, Sheikh Mohamed bin Zayed Al Nahyan, have been praised by leaders across the Emirates, including His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and other members of the Supreme Council and Rulers of the Emirates. Sheikh Mansour bin Zayed Al Nahyan has been appointed…
The UAE has introduced a new application process for families seeking to obtain a multiple-entry tourist visa. The Federal Authority for Identity, Citizenship, Customs & Port Security (ICP) has streamlined the application process so that families can apply as a group, rather than submitting separate applications for each family member. This new process has been designed to make it easier…
The UAE is set to introduce a new freelance work permit that will allow people of all skill levels to take up freelance jobs in the country. Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, stated that the new permit is expected to be rolled out by the third quarter of 2023 and will enable freelancers to work within…
The UAE Ministerial Decision No. 27 of 2023 on the determination of tax residency is a welcome relief for expats living in the UAE. The decision aims to simplify the tax residency rules and avoid double taxation, which can be a major concern for individuals who have financial interests in multiple countries. The law was issued in September 2022 and…
The new government excellence model approved by Sheikh Hamdan aims to reinforce the concepts of institutional agility, effective public-private partnerships, and integrated proactive government services that rely on the latest digital technologies. It seeks to enhance the work environment by introducing new evaluation methods and streamlining service delivery through innovative mechanisms. The three pillars of the model are: The Vision:…
It was a great honor for us to have been invited by Falcon and Associates to make a presentation on Establishment in Dubai to the 8th year cohorts of their program. The event was attended by 29 energetic and enthusiastic post-graduate individuals who have joined the intensive Falcon programme. Our presentation focused on the process of establishing businesses in Dubai…
On the 24th of January, we were invited to an enlightening evening organized by Ms Lotte Wagner of Liv & Lov and Mr Jens Lund, the President of the Danish Business Council. The purpose of the evening was to discuss the protection of assets concerning wills, inheritance, and estate planning. I covered the part in respect of the laws of…
