United Arab Emirates’ (UAE) most significant tax reform, Value Added Tax (VAT) which was introduced in January 2018, is set to complete 1000 days and it is worthwhile to look back on its incredible journey. As we all had witnessed, there were concerns about the...
Under the Organization for Economic Cooperation and Development – OECD/G20 Inclusive Framework on BEPS, over 135 countries are collaborating to put an end to tax avoidance strategies that exploit gaps and mismatches in tax rules to avoid paying tax. On 30 April...
Covid-19 impacting world economies As the Covid-19 pandemic continues to rip nations, governments are forced to impose strict public health measures, such as social distancing, to physically disrupt the conta- gion. By doing so, the flow of goods and people are halted,...
In the first chapter of this communiqué, Raju Menon, Chairman and Managing Partner of Kreston Menon elaborated on the new update on the UAE Federal Law on Foreign Direct Investment, granting foreign investors an ownership up to 100% in the mainland. The new Federal...
In the previous two articles, my colleagues elaborated on the recent FDI Law update allowing 100% foreign ownership in mainland companies. We are overwhelmed by the great response and we are excited that it has led to meaningful deliberations on how our clients can...
In the previous article, my colleague explained on FDI Law Update on 100% ownership in the Manufacturing Sector. Here I will take on the Services Sector in UAE. Services Sector forms the highest percentage in the GDP of UAE and also contributes the highest percentage...
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