In 2021, the market revenue for second-hand luxury goods or pre-loved fashion was estimated to be just below 5 billion U.S. dollars worldwide but by 2027, it is projected to almost triple in size reaching a value of 14.7 billion U.S. dollars. Where once upon a time, buying second-hand goods was frowned upon, today they […]
Introduction of VAT On January 1, 2018, the introduction of VAT brought in a new era of economic change in the taxation system in the UAE. Since then, the companies operating in the GCC (Gulf Cooperation Council) have been subject to VAT provisions. With the establishment of VAT, the Federal Tax Authority (FTA) has generated […]
Introduction: UBO Resolution To create a safer and more financially sound environment for businesses, a new cabinet resolution, also known as the UBO Resolution, came into place on August 28, 2020, regulating the reporting and registration of the Ultimate Beneficial Owners (UBOs). The new resolution has been created following the Anti-Money Laundering and Anti-Terrorist Financial […]
Why implement ESR? On April 30, 2019, the UAE authorities enacted the Economic Substance Regulations (ESR) as a strong commitment to comply with the EU requirements of being removed from the EU’s list of “non-cooperative” tax jurisdictions. The government’s initiative to take this action highlights the nation’s strong efforts to protect companies against unsafe taxation […]
A Global Business Hub Dubai’s strategic location midway between the East and the West provides opportunities for international trade to flourish and for people to move easily across countries. Tax Incentives The UAE’s government offers attractive tax incentives to companies doing business in the country. There are currently no foreign exchange controls, trade barriers, and […]
Welcome to the EZONE Experience Reimagine your business journey with us. Welcome to the EZONE experience, where every client is given our utmost attention, and every work is done with great precision. Starting a Business in Dubai Starting a business in Dubai or anywhere in the UAE can be a tedious process. It takes a […]
Oftentimes, the allure of having one’s own business can be so tempting, that would-be entrepreneurs tend to overlook the unheralded yet vital aspects of setting it up – and this leaves them open to unsolicited advice, derailing what is supposed to be a streamlined process to realize their goals. As such, it becomes commonplace to […]
Dubai EXPO 2020 It’s bigger than Disneyland Resort in California and reaches far beyond the Forbidden City in Beijing, China. It’s even larger than the Principality of Monaco, which is a sovereign state on its own. The 1,083 acres, 483 hectares, 4.38 kilometers mega-sized grand development – is how massive Dubai EXPO 2020 is. The […]
STILL EMPOWERING Women empower women. To empower a woman is to let her be herself. It is to enable her to do things on her own while giving her the support that will enable her to go beyond her limits. It is inspiring her to venture into entrepreneurship or the workforce for her to be […]
Ramadan 2022 & Emirati Experience While 2020 was a very challenging year for many nations, the UAE was able to overcome the COVID-19 outbreak by creating an Emirati Experience that showcases the teamwork of the government and residents. The main aspect of the Emirati Experience was to utilize medical knowledge with digital technology. Through their […]
