UAE Ministry of Finance issues cabinet decision on corporate tax rules for real estate investment
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Dubai notably ranked 11th in investment management, 15th in trading and 28th in financial technology.
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87 FinTech firms joined the Centre’s technology and innovation ecosystem, boosting the number of licensed FinTech firms by 74% from H1 2019.
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Over 90% of the top regional CEOs of global companies are based out of the UAE. The UAE also has a good diplomatic relationship with China, the US, and Europe. The country is home to over 4,000 Chinese companies.
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The new ranking recognises DIFC’s strengths within all five major areas of the Index including Business Environment, Human Capital, Infrastructure, Financial Sector Development and Reputation
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Dubai has been lauded as the perfect financial services hub to serve the 1 billion individuals that need financial services advice within the Middle East, Africa and South Asia (Measa), according to a new report.
Dubai is “strategically positioned” to facilitate development of both digitally enabled financial solutions and traditional advice services to more than 1 billion individuals across Middle East, Africa and South Asia, according to the new report published by Oliver Wyman, in partnership with the Dubai International Financial Centre.
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Selected supplies in sectors such as transportation, real estate, financial services will be completely exempt from VAT
The Federal Tax Authority (FTA) has announced the supplies that will be subject to Value Added Tax (VAT) as of January 1, 2018, revealing selected sectors that will be assigned zero-rated tax, such as education, healthcare, oil and gas, transportation and real estate.
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