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Gearing up for the Next Normal

Gearing up for the Next Normal

Raju Menon, Chairman and Managing Partner - Kreston Menon

The Next Normal Every business was looking optimistic for a great 2020 at the beginning of the year, but now are facing a completely different scenario. The COVID-19 pandemic has severely affected businesses across every industry and geographical region. The norms of...
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ABRAHAM ACCORD: The Game Changer in Middle East

ABRAHAM ACCORD: The Game Changer in Middle East

kreston

BACKGROUND The world woke up to the unexpected and astounding news of the peace treaty between the UAE and Israel, making UAE just the third Arab state, after Egypt and Jordan to establish formal ties with Israel. UAE scrapped an economic boycott against Israel which...
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Day 1 to Day 1000 VAT Journey in UAE

Day 1 to Day 1000 VAT Journey in UAE

kreston

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...
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Economic Substance Regulation (ESR) in the UAE

Economic Substance Regulation (ESR) in the UAE

kreston

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...
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UAE Federal Law on Foreign Direct Investment – The Game Changer

kreston

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,...
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An Opportunity for Existing Limited Liability Companies (LLCs) to Transform & Amend its Legal Status into a Private Joint Stock Company (PSC)

kreston

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...
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