Government Support

In December 2022, the United Arab Emirates made a Federal Decree-Law regarding corporate taxation with a rate of 9 percent applicable for taxable business profits that exceed AED 375,000. The legislation will become effective from the financial year beginning June 1, 2023. To support small enterprises, the UAE has waived taxation on earnings up to […]

What are the new laws that are coming to the UAE in 2024?  The government in the UAE is all set to bring in some new laws in 2023 that would change family law, improve employment rights, modify the existing tax laws of the country, and enhance the participation of the UAE within the private […]

Saudi Arabia has made foreign investment a key pillar of its economic strategy, particularly through its Vision 2030 initiative. This ambitious plan aims to diversify the Kingdom’s economy away from oil dependence by creating a more sustainable, knowledge-based economy. To achieve this, the Saudi government has implemented a series of reforms to make the investment […]