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Previously, NRIs were citizens who reside outside of India for the majority of the year, and therefore do not pay income tax in the country. However, this is no longer the case. Now, NRIs will still be liable to Indian income tax, even if they reside outside the country for most of the year –… Continue reading Understanding the New NRI 2023 Status Rules
The UAE is famed for its highly competitive tax environment. While this favourable setup remains, recent changes have slightly altered who is eligible to benefit from it. In September 2022, the Prime Minister of the UAE, His Excellency Mohammed bin Rashid Al-Maktoum, issued a Cabinet Resolution which redefined the country’s tax residence criteria. In this… Continue reading UAE Tax Residency Update – 2023
In an ever-globalised world where the movement of goods, services, and people is becoming increasingly fluid, the importance of storage companies cannot be understated. This is particularly true in a cosmopolitan city such as Dubai, an international hub known for its flourishing trade, bustling economy, and diverse populace. Storage companies play a pivotal role in… Continue reading How to Start a Storage Company in Dubai [2024 Guide]
In an increasingly complex and globalised financial landscape, audit firms play an essential role. They provide independent assurance that an organisation’s financial statements are free from material misstatement, thereby promoting transparency and integrity. Audit firms are pivotal in strengthening public confidence in financial reporting, enabling informed decisions, and fostering sustainable economic growth. The services of… Continue reading How to Start an Audit Firm in Dubai [2024 Guide]
The UAE is renowned as a great place to set up a business, with its low tax rates, young and multicultural workforce and fantastic support services. One of the more popular places in the UAE to set up a business is RAKEZ, which has been designed to appeal to a multitude of entrepreneurs. Business setup… Continue reading Rakez Company Setup Costs and Requirements
Perfume is about more than smelling good: it is an expression of personal identity. For those seeking to combine business know-how with creative flair, starting a perfume business in Dubai offers a real opportunity for success. In this article, we will discuss the advantages, processes and costs of setting up a perfume business in Dubai. We… Continue reading Start a Perfume Business in Dubai, UAE: Step-by-step
Dubai has become a popular destination for holidaymakers in the past decade, and a home for many others attracted by the quality of life on offer and the sheer ease of doing business. With the rise in remote working – where entrepreneurs or employees can work anywhere outside the traditional workplace, as long as they… Continue reading Remote Work Visa Dubai: All you need to know
Free zones are another strong pull for entrepreneurs. These zones offer a fast route for businesses to set up, as well as numerous other benefits that can assist a company in becoming successful. This article provides a guide to starting a company in a Dubai free zone, including: What is a Dubai free zone? Benefits… Continue reading Dubai Free Zone Business Guide
For many living in Dubai, starting a business is a life goal. The chance to work for yourself, with no boss telling you what to do, and making your own money is alluring. There are many opportunities for would-be entrepreneurs in Dubai in a multitude of sectors. The economy has diversified hugely in recent years,… Continue reading Businesses You Can Start in Dubai with No Investment
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