Ernst & Young’s workshop in Dubai: Integrated Thinking and Integrated Reporting (ESG) for Integrated Investor Questioning

I attended Ernst & Young’s workshop at the Roda Al Bustan Hotel, Al Garhoud in Dubai last week on Integrated Reporting, an Executive Briefing. It was extremely informative and worthwhile. The primary goal for me was to increase my understanding of Integrated Thinking and Integrated Reporting (ESG) for long term value creation by companies for … More Ernst & Young’s workshop in Dubai: Integrated Thinking and Integrated Reporting (ESG) for Integrated Investor Questioning

List of Business Councils published by Dubai Chamber of Commerce and Industry

Below a comprehensive list of Business Councils, provided by Dubai Chamber of Commerce and Industry. Dubai Chamber of Commerce and Industry (www.dubaichamber.com/who-we-are/about-dubai-chamber) was established in 1965. It’s a non-profit public organization whose mission is to represent, support and protect the interests of the business community in Dubai. It does so by creating a favorable environment; … More List of Business Councils published by Dubai Chamber of Commerce and Industry

Dubai FDI: a great source of information and support for foreign businesses looking to invest in Dubai

This week I attended Dubai Investment Week, under the Patronage His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and in the presence of the Deputy Ruler of Dubai, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum. The mood was very upbeat ! Foreign direct investment (FDI) flows … More Dubai FDI: a great source of information and support for foreign businesses looking to invest in Dubai

Dubai – best place to set up an import / export business

Yesterday I met with one of the Partner at Knight Frank in Dubai and asked him what he thought would be the best place to set up for an import / export business. Attached a map which highlights the key industrial areas throughout Dubai and provides indicative values of the associated areas, alongside information on … More Dubai – best place to set up an import / export business

The Introduction of VAT in the UAE

The value-added tax (VAT), which came into effect from January 1, 2018, in UAE, is a consumption based tax which will be applicable at each stage of the ‘supply chain’. That means, any UAE business making a taxable supply of goods and services will have to pay VAT on that supply. The UAE VAT is based on the same concept as followed by the other countries which use this tax system, however, the standard rate of VAT is fixed at 5% for all taxable supplies in UAE.
As per the VAT rules and regulations, some basic services (and goods) like food, public transport, and some healthcare services are exempt from the VAT, while some other services will be taxed at zero percent. You can find out more about VAT-exempt and non-exempt supplies on http://www.thevatuae.com. The VAT shall be levied at each stage of the supply chain, but there is a concept of input credit through which businesses can claim their taxes back from the government, and the ultimate VAT cost is borne by the end consumers. … More The Introduction of VAT in the UAE

Regime for Marketing Foreign Funds in the UAE

Morgan Lewis published a very helpful article exploring the rules governing marketing in the UAE of interests in foreign (non-UAE) funds, and in particular the various exemptions from the general requirement that such foreign funds be registered with the Securities and Commodities Authority of the UAE and marketed in the UAE by locally licensed placement agents. Conclusions of the article: … More Regime for Marketing Foreign Funds in the UAE

10 ten questions asked by my clients who want to set up in the UAE, by Alexandre Teodoresco

Excellent piece explaining in plain English how to set up a conpany in the UAE. See: https://www.linkedin.com/pulse/10-ten-questions-asked-my-clients-who-want-set-up-uae-teodoresco?trk=v-feed&lipi=urn%3Ali%3Apage%3Ad_flagship3_feed%3B0c0Wd2h8SI7%2F7soUEcIJXQ%3D%3D After years of experience helping foreign companies set up in the UAE, I can say pretty confidently that you know which questions are most likely to come out from your clients. It does not mean that a client … More 10 ten questions asked by my clients who want to set up in the UAE, by Alexandre Teodoresco