According to the UAE’s finance ministry, the United Arab Emirates will initiate a corporate tax starting in mid-2023, marking a significant policy shift as the country seeks to diversify its revenue streams. According to an official statement, the Gulf financial center will corporate tax in UAE business profits over 375,000 AED ($102,000) at a rate...
The United Arab Emirates recently abolished the requirement for companies in UAE to have Emirati shareholders, allowing 100% ownership for foreign investors in UAE. This is an attempt from the government to attract more foreign investments into the country amidst the coronavirus pandemic. The UAE will allow full foreign ownership of business starting from December...
