by Sheetal Soni | Nov 5, 2023 | Media & Article
Thrilled to share a game-changing decision by the UAE Cabinet that could have a significant impact on commodity trading businesses, particularly those in non-designated free zone entities, including DMCC entities. As of November 3, 2023, the UAE Ministry has...
by Sheetal Soni | Oct 26, 2023 | Media & Article
The UAE’s corporate tax landscape is undergoing a significant transformation through the introduction of tax groups, governed by the Corporate Tax Act and Ministerial Decision No. 125 of 2023. This “business friendly” provision enables related group companies to...
by Sheetal Soni | Sep 25, 2023 | Media & Article
Generally all free zone entities will be taxed at nine per cent over and above profits of Dh375,000. However, if the free zone person is a qualifying free zone person earning qualifying income and is satisfying the conditions of De Minimis then the free zone person...
by Sheetal Soni | Sep 18, 2023 | Media & Article
Investment funds (IFs) are commonly organised as limited partnerships (as opposed to corporate entities) to ensure tax neutrality for their investors. This puts investors in the fund in a similar tax position as if they had invested directly in the underlying assets...
by Sheetal Soni | Feb 3, 2023 | Media & Article
A group of six professional entrepreneurs across the UAE and India, who have invested in more than 75 start-ups and helped businesses raise $500 million worth of capital, have joined hands to launch a fintech platform called Funding Possibilities, that will connect...
