Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
The UAE¿s relatively open borders, economy, and society have won praise from advocates of expanded freedoms in the Middle East while producing financial excesses, social ills such as prostitution and human trafficking, and relatively lax controls on sensitive technologies acquired from the West. Contents of this report: (1) Governance, Human Rights, and Reform: Status of Political Reform; Human Rights-Related Issues; (2) Cooperation Against Terrorism and Proliferation; (3) Foreign Policy and Defense Cooperation With the U.S.: Regional Issues; Security Cooperation with the U.S.: Relations With Iran; Cooperation on Iraq; Cooperation on Afghanistan and Pakistan; U.S. and Other Arms Sales; UAE Provision of Foreign Aid; (4) Economic Issues.
An in-depth analysis of the specific aspects of justice, equality and tax law "Justice, Equality and Tax Law" is a topic that is both old and new at the same time. Even if the society changes, the demands that tax needs to be just and equal seem to be immutable. What changes, of course, is the perception of the content of those demands. International taxation post-BEPS has been fraught with new challenges that warranted urgent responses. These challenges were mainly provoked by the unprecedented rise of the digital economy which truly marked a change in the way business is conducted, how value is created, and how goods and services are produced and consumed. Digitalization, in turn, had repercussions on all aspects of taxation - direct taxation, indirect taxation, and even tax procedures. For instance, the quest for more justice and equality in profit taxes was the reason why, in October 2021, a historical deal based on a two-pillar solution to address the tax challenges arising from the digitalization of the economy was negotiated within the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting and agreed upon by 137 member countries. It was also the motive behind the shift from a typical vendor collection model to an intermediary collection model supported by centralized registration points in indirect taxes, notably the VAT/GST. Abundant data from the European Union or the OECD signalized an ever-increasing gap between expected VAT revenues and VAT actually collected, making it obvious that the classical system of VAT/GST collection was unable to respond to challenges posed by the digital economy. Therefore, new solutions based on the participation of digital platforms as intermediaries had been introduced. Finally, new technologies, such as blockchain, paved new avenues in enhancing tax compliance. In this context, this volume entitled "Justice, Equality, and Tax Law" contains not only a selection of the best master ́s theses of the full-time LL.M. programme in 2021/2022 but also represents an in-depth analysis of various aspects of this evergreen topic.
Opening a business in the UAE requires not only a good understanding of its economy but also insight into the unique opportunities and challenges the region presents. The UAE’s strategic location, business-friendly policies, and diverse economy make it an ideal destination for entrepreneurs from around the world. This chapter will provide a comprehensive overview of the UAE’s business landscape, its key sectors, the role of free zones and mainland business setups, and the cultural nuances you need to consider. Table of Contents Introduction Why the UAE? An Overview of the UAE Economy and Business Landscape Success Stories of Foreign Entrepreneurs in the UAE Chapter 1: Understanding the UAE Business Environment Key Sectors and Opportunities in the UAE The Role of Free Zones, Mainland, and Offshore Business Setup Cultural and Business Etiquette in the UAE Chapter 2: Choosing the Right Business Structure Different Types of Business Entities Free Zone Companies vs. Mainland Companies Pros and Cons of Each Option Legal Obligations and Requirements Chapter 3: Understanding UAE Business Laws and Regulations Federal Laws Governing Businesses in the UAE New Laws for Foreign Ownership (100% Ownership Rules) Key Licensing Requirements and Business Permits Industry-Specific Regulations Chapter 4: Free Zones in the UAE: Everything You Need to Know What is a Free Zone? Top Free Zones in the UAE (JAFZA, DIFC, DMCC, and others) Benefits of Setting Up in a Free Zone How to Apply and the Step-by-Step Process Chapter 5: Registering Your Business Essential Steps for Registering a Company in the UAE Documentation and Legal Procedures Working with Local Authorities (DED, Free Zone Authorities, etc.) Timeframes and Costs Involved Chapter 6: Understanding the UAE Tax Environment Corporate Tax Overview VAT in the UAE: Compliance and Filing Procedures Personal Income Tax and Other Levies Tax Benefits for Businesses in Free Zones Chapter 7: Sponsorship and Local Partner Requirements Understanding the Local Sponsorship Model Selecting the Right Local Sponsor Structuring a Partnership Agreement Responsibilities and Rights of Sponsors and Foreign Partners Chapter 8: Business Financing and Banking in the UAE Opening a Bank Account: Requirements and Procedures Securing Business Loans and Credit Facilities Key Financial Institutions in the UAE Government Grants and Support for Startups Chapter 9: Hiring Employees and Labor Laws Understanding UAE Labor Law Employment Contracts, Visas, and Residency Permits Hiring Locals vs. Expatriates Employee Benefits and Obligations (Wages, Medical Insurance, End of Service) Chapter 10: Marketing and Growing Your Business Marketing to the UAE Consumer: Key Trends and Insights Digital Marketing Strategies for the UAE Market Networking and Building Business Relationships Leveraging Trade Shows and Events (like Expo 2020 Dubai) Chapter 11: Challenges and How to Overcome Them Common Pitfalls for Foreign Entrepreneurs Navigating Bureaucracy and Administrative Delays Strategies to Mitigate Risks (Legal, Financial, Cultural) Adapting to Market Changes and Competition Chapter 12: Case Studies and Success Stories Interviews with Successful Entrepreneurs in the UAE Real-life Examples of Businesses Thriving in the UAE Market Lessons Learned and Key Takeaways Chapter 13: Future Opportunities in the UAE Emerging Markets and Sectors (Green Energy, Technology, AI) The Role of the UAE in the Global Economy Preparing Your Business for Long-term Success Conclusion: The Road Ahead Recap of Key Steps to Starting Your Business Final Advice for Aspiring Entrepreneurs The Future of Business in the UAE
This 2017 Article IV Consultation highlights that the economic performance of the United Arab Emirates was subdued during most of 2016. Together with weaker oil prices and slower oil output growth, the postponement of some public infrastructure projects and a slowdown in global trade caused growth to moderate to 3 percent from 3.8 percent in 2015. Economic activity is expected to strengthen gradually in the coming years with firming oil prices and other global indicators, and an easing pace of fiscal consolidation. Non-oil growth is projected to rise to 3.3 percent in 2017 from 2.7 percent in 2016, reflecting increased domestic public investment and a pickup in global trade.
The Legal Desk Reference is a comprehensive source of legal information which includes approximately 9,000 definitions of legal words and phrases and an extensive legal bibliography. It offers Quick Cite to selected statutes and cases, abbreviations, charts, tables, maps and much more!