General

This article compares two mechanisms for managing wealth in the UAE: Trusts and Foundations. UAE Trust Trusts can be compared to a deposit box for a person's assets. Trusts can be integral to wealthy families' asset protection, wealth management, and succession planning strategies. They can also provide...

According to the authorities, all the six GCC countries will be introduced with the simultaneous value-added taxes (VAT) applicable from January 2018 in different business sectors. The application of VAT has been under consideration for a long time however, it is supposed to be applicable...

The newly-elected US president, has been vocal about his concerns of the soaring strength of the US dollar and has warned that a strong greenback could be disadvantageous for American companies that do business abroad. Analysts predict that since the President is extremely pro-business and would...

Starting with Abu Dhabi residents will have to pay a municipality fee starting January this year. The fee will amount to 3 percent of the annual rent and is being collected starting this month by ADWEA. The charge will be applicable to tenancy contracts in the...

Albert Einstein once said that the hardest thing in the world to understand is taxation. For UAE residences, this may have been hard to relate to, but not for long. We wrote an article some time back about Will Taxes in the UAE be Implemented and here's...