New UAE Visa Rules: Creating Opportunities for Investors and Entrepreneurs
In the first half of 2022, Dubai issued almost 25% more business licenses than it did in the first half of 2021, bringing the total number of licenses issued to 45,653. The new UAE visa laws have been a big...
New initiatives to help revitalise trading on MSX – Oman
Muscat: The Muscat Stock Exchange (MSX) recently unveiled a series of innovative steps that would help stabilize the exchange and revitalize trading. The initiative’s significance lies in its capacity to easily provide liquidity for securities, maintain a balance between supply...
Difference Between Import and Export
The main difference between import and export is that import is when a company in one country buys goods from another country so that it can sell them in its own market. On the other hand, exporting means that a...
Oman’s oil exports reach 128.07 million barrels by May
Muscat: The National Centre for Statistics and Information (NCSI) released preliminary figures showing that the Sultanate of Oman exported a total of 128,070,300 barrels by the end of May 2023, with an average oil barrel price of $81. You will...
What are the Exempt Income Categories Under UAE Corporate Tax Regime?
Overview According to the Public Consultation Document released by the Ministry of Finance (MOF) on April 28, 2022, the UAE Corporate Tax (CT) regime plans to stop double taxation by not taxing some types of income. Most of the UAE...
His Majesty The Sultan issues Royal Decree establishing Khazaen Economic City – Muscat, Oman
Muscat, Oman – His Majesty Sultan Haitham bin Tarik has issued a Royal Decree establishing Khazaen Economic City and promulgating its Bylaw (articles of association). You will be interested on: Duqm Free Zone Company Formation Registration Incorporation The city will...
UAE Golden Visa Salary Requirement: Thresholds and Eligibility
Are you looking for a long-term residency in the United Arab Emirates? Golden Visa is waiting for you! Golden Visa is a simple residency permit that allows its holder to live in the UAE region for 5-10 years. The...
UAE Issues New Decree Law on Family Businesses and Offices
The UAE Government published Decree Law No. 37 on Family Businesses in the official gazette on October 10, 2022. The New Law will take effect on January 10, 2023, which is three months after it is published. People are glad...