UAE Rolls Out Key Corporate Tax Incentives as 15% Domestic Minimum Top-up Tax Takes Effect
The UAE Ministry of Finance has issued Cabinet Decision No. 142 of 2024, providing further details on the UAE Domestic Minimum Top-up Tax (DMTT). This follows the ministry’s announcement on December 9, 2024, and aligns with the OECD’s GloBE Model Rules. The UAE DMTT came into effect on January 1, 2025, for multinational enterprises (MNEs) with annual global revenues of €750 million […]
The business of airports – how do they make money and where does it go?
Airports are far more than just transit hubs where people drink coffee while waiting for a flight. They are thriving businesses in themselves, and with the global aviation industry contributing trillions of dollars to the world economy, they are pivotal in connecting cities, facilitating trade, and generating employment. But where does this revenue come from, […]
How to start a mobile car washing business
The UAE’s large and diverse economy is jam packed with all manner of businesses – from fledgling startups to international conglomerates. While the bigger industries like tech and tourism take the headlines, there are hundreds more sub sectors beneath the surface contributing to this vibrant business environment. For those with the drive and determination to […]
How the UAE corporate tax affects accounting practices
With the UAE’s corporate tax now in place, companies are adjusting to a new financial reality, one which brings with it notable changes to accounting, financial planning, and compliance procedures. Approved on June 1, 2023, the tax affects profits exceeding AED 375,000; for UAE companies, this implies more than only budgeting for tax payments. Reviewing […]
How to start a coaching business in Dubai
Dubai’s coaching industry is growing fast. The number of coaching professionals in the Middle East has risen by 36% in the past five years, and the UAE market is set to reach $461 million by 2030, according to the International Coaching Federation (ICF). Businesses are investing in leadership and performance coaching, while professionals and entrepreneurs […]
How to start a project management company in Dubai
Dubai is a city that has always stood out with regard to business growth and architectural quality. From enormous infrastructure projects to record-breaking buildings, the city is renowned for its capacity to meet and exceed its targets. Fundamental to this accomplishment is professional project management. Starting a project management company in Dubai therefore presents a […]
Content Creators, Here’s How the UAE Golden Visa Can Open Doors for You
The UAE’s Golden Visa now opens a world of possibilities for content creators, influencers, and digital storytellers. With up to 10 years of residency without the need for an official sponsor, this program gives you the freedom to grow your brand, expand your network, and secure your creative future. But how can content creators take […]
How DIFC is redefining family wealth management
As global wealth grows, so does the complexity of managing it. HNWIs and ultra-high-net-worth families increasingly seek bespoke solutions to preserve and grow their wealth while ensuring smooth intergenerational transfer. Enter the family office – a vehicle synonymous with tailored wealth management and holistic legacy planning. In the Middle East, the UAE has emerged as […]
Fujairah 2025: a bright future ahead
With a promising future ahead of it, the emirate of Fujairah has seen excellent growth, expanding its economy by about one third since 2021, and currently showing year-on-year growth of around 8%. Its historical mining industry has benefitted from the recent and ongoing construction boom in Dubai, Abu Dhabi and Ras Al Khaimah, and its […]
10 profitable business ideas in Dubai
Dubai is home to one of the most thriving business environments on the planet. Diverse industries, from e-commerce and healthcare to tourism and tech, attract some of the world’s most ambitious business owners and entrepreneurs to the region. While current success stories indicate the kinds of businesses that do well out here, there are always […]