The freezones have robustly supported the UAE economy by attracting Foreign Direct Investment.
Inayat-ur-Rahman, Business EditorThe residency concept is the key factor to determine whether business profits will be taxable under UAE corporate tax regime (CT regime). The legal person incorporated in the UAE like limited liability companies, private shareholding companies, public joint stock companies, and other entities will be considered a “resident” person for the CT regime. Foreign companies, which are effectively managed and controlled in the UAE, will be subject to the CT regime.
There is vast potential for the UAE and Kazakhstan to expand business ties in key sectors and areas of mutual interest, such as food security, agriculture and digitalisation of economic sectors,
The UAE was ranked among the 20 leading countries in 16 global competitiveness indexes related to foreign trade in 2020, marking a new achievement and consolidating the country’s status as a key centre of international trade.
The number of inspection campaigns organized by the Federal Tax Authority (FTA) witnessed notable growth during 2020 across the UAE markets,
Bilateral trade between the United Arab Emirates and the Royal Kingdom of Thailand is set to soar to higher heights with the establishment of the UAE-Thai Business Council
Sharjah Airport experienced a remarkable growth in the previous year achieving the Authority’s primary objectives of revamping the Emirate’s tourism
Mohammed Juma’a Al Musharrakh , Chief Executive Officer of the Sharjah FDI Office (Invest in Sharjah), highlighted the rich investment options and promising opportunities