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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...

Understand the concept of the UAE Foundation A foundation is an autonomous legal entity that is separate from its founder. The foundation consists of council members and the founder. The foundation's founder allocates assets to the foundation, which are treated as separate from those belonging solely...

Read this article to learn about the VAT (Value Added Tax) filing process for a business established in Dubai. What is Value Added Tax (VAT) Value Added Tax (VAT) is a consumption tax charged on a wide range of goods and services. More than 160 countries use...

The UAE (United Arab Emirates) will launch a federal corporate tax on business profits from June 1, 2023. The UAE Federal Tax Authority will be accountable for the new corporate tax regime's supervision, collection, and enforcement. Here are the applicable corporate tax brackets under the new...

With nearly 20,000 registered companies and a workforce of 60,000 employees representing 180 countries, Dubai Multi Commodities Centre (DMCC) is one of the most successful free zones in Dubai and the world. Located in a 200-hectare business and residential community of over 100,000 people living...