201610.24
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UAE: President establishes Federal Tax Authority

by CBD in CBD Insights

Abu Dhabi: President His Highness Shaikh Khalifa Bin Zayed Al Nahyan issued a decree on Monday to set up a new authority to collect data, information and statistics related to federal taxes. The Federal Tax Authority (FTA) will be responsible for setting up and maintaining records on taxpayers and on taxes paid. It will also…

201610.17
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Sponsoring your Employees in the UAE

by Helen Barrett in CBD Insights

With the exception of wives, unmarried adult daughters and minor children (who may be sponsored by their husbands or fathers), all expatriates must be sponsored by their employer (‘Company’) to live and work in the UAE.  Without a residency visa an individual may not rent property, apply for utilities connections, obtain a driving licence, register…

201610.16
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Onshore Vs Offshore

by Carl Dowling in CBD Insights

“Should I register my business in a free trade zone or in the mainland?” is the age old question I am asked by people setting up a business in the UAE. To much surprise, if you ever ask someone the same thing, you shouldn’t get an answer, you should get more questions in reply.  If…

201610.12
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UAE retail sector margins under pressure – AT Kearney

by CBD in CBD Insights

The UAE retail sector is facing a tough time as margins are under pressure driven by lower oil prices, decline in Russian and Chinese tourists and fall in consumer disposable incomes, according to retail consultancy, AT Kearney. Shamail Siddiqi, principal at retail consultancy, AT Kearney, told the Middle East Retail Forum that the pace of…