Here’s a roadmap of essential legal documents and their purposes (on a non-exhaustive basis) you need to stay compliant and protect your business at each growth stage. Legal Compliance for SMEs in the Middle East The Right Agreements at Every Stage of Business In a fast-paced, opportunity-rich business environment like the Middle East, entrepreneurs and […]
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 […]
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 […]
