Oman, like other GCC nations, has traditionally offered a tax-free environment for individuals. However, in recent years, the country has undertaken a series of major fiscal reforms aimed at addressing budget deficits, reducing reliance on oil revenues, and meeting international transparency standards. One of the most anticipated—and debated—next steps is [...]
The UAE has long been known as a tax-friendly jurisdiction, especially appealing to entrepreneurs and multinational companies for its zero personal income tax and highly liberalized business environment. However, with the introduction of Corporate Tax (CT) on 1 June 2023, a new chapter in the UAE’s fiscal policy began—one aimed [...]
The regulatory landscape in the United Arab Emirates (UAE) continues to evolve to align with international best practices in Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF). Designated Non-Financial Businesses and Professions (DNFBPs) play a critical role in this ecosystem. As such, understanding and meeting compliance requirements is not just a [...]
The Potential Impact of Personal Income Tax in the GCC: What Individuals and Businesses Should Expect The Gulf Cooperation Council (GCC) countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates—have long been known for their tax-free or low-tax environments, especially for individuals. This has attracted millions of expatriates, [...]
Will the UAE Introduce Personal Income Tax? What You Need to Know in 2025 The UAE has long built its economic reputation on being tax-free for individuals, attracting millions of expatriates, entrepreneurs, and investors from around the world. However, as the government continues aligning with global fiscal frameworks and diversifying [...]
The Strategic Case for Using Free Zones to Grow Your Business in the UAE — Legally and Efficiently The United Arab Emirates (UAE) has emerged as a global business hub due to its investor-friendly ecosystem, strategic location, and world-class infrastructure. A core component of this success lies in its Free [...]