Latest Posts

UAE signs FATCA Agreement with USA

August 5, 2015 1:08 pm

The United Arab Emirates (UAE) signed the United States of America (USA) Foreign Account Tax Compliance Act (FATCA). This means that the UAE has agreed to share information regarding the finances of USA citizens based in the UAE. The FACTA was initially passed by the USA congress in 2010. The purpose the FACTA was introduced […]

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Temporary Taxation

August 5, 2015 1:07 pm

Based on the Inland Revenue law, every company is required to calculate its taxable income for this year by the end of June. Furthermore, companies are called to make two equal payments on the projected amount of tax on 31 July and 31 December. In cases where the company submits the IR6 declarations and does […]

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Three-Thirds of Dubai’s Real Estate Buyers are Foreigners

August 5, 2015 12:58 pm

Dubai earns billions from the sale of top-notch real estate properties annually. The question is who are the rich property buyers and where does their money originate from? Based on Christie’s International Real Estate research, Dubai has attracted much more High-Net-Worth Individuals (HNWIs) who have purchased property in comparison to other popular destinations like the […]

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Cyprus Companies Law Cap.113 underwent additional amendments

June 30, 2015 1:08 pm

During June, the Cyprus Parliament approved and passed the new upgraded Cyprus Companies Law. Key features of the legislation were renewed and upgraded to improve certain procedures. The legislation modifications outlined below will come to effect as soon as the new Companies Law is publicized in the Cyprus Gazette. The alterations made to the Companies […]

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