Shifting a company's operations into foreign soil for business expansion is usually a complicated, time-taking and costly affair and due to these very reasons, only a few companies venture upon corporate migration without solid economic reasons such as favourable labour and market conditions spurring business growth.
To promote bilateral trade and investment between the two countries, the UAE and Israel entered into a Double Taxation Avoidance Agreement (DTAA) on Monday 31st May 2021.
Foundation, a less familiar concept than trust is defined as a hybrid of trust and a company resembling a company in which it is a body corporate without any shareholder.
Cabinet Decision No. 49 of 2021 has announced amendments of certain provisions of the old cabinet decision No. 40 of 2017 regulating the Administrative Penalties for Violation of Tax Laws in the UAE.
Dubai is one of the most open economies in the world with a strategic location between Asia, Africa, and Europe. Even at a time when the pandemic gripped the world in 2020, Dubai witnessed USD 3.26 billion FDI during the first half of 2020 and ranked fourth globally with several new business setups in Dubai.