Insight Category: News
In total, 1990 economies were assessed in the report. Among the four reforms introduced last year, the UAE made starting a business less expensive by reducing the fee for business incorporation; dealing with construction permits was also made easier by using a risk-based approach to reduce the number of inspections; increased minority investor protections were… Continue reading UAE Leads for Ease of Doing Business...
DUBAI – The UAE remains the best country for doing business in the Middle East and North Africa (Mena) region for yet another year, as it introduced 4 new reforms in the last 12 months, the World Bank said in its latest report. The World Bank praised the UAE, saying that the business regulatory reforms… Continue reading UAE Stays Top MENA Economy...
On the 1st of October 2017, the Federal Tax Authority (FTA) implemented an Excise Tax on certain products, including 100% on both tobacco-related products and energy drinks and 50% tax on carbonated drinks. Due to the success of these taxes in reducing the consumption of these products, the FTA, as per Cabinet Decision No (52)… Continue reading UAE Federal Tax Authority Extends the Excise Tax...