• 9th February 2022

    UAE announce Corporate Tax

    The United Arab Emirates announced on Monday, 31st January 2022, that for the first time ever they will be introducing a federal Corporate Tax on business profits. Businesses based in the UAE will now, therefore, be subject to the tax from 1st June 2023. The news represents a significant shift for a country that’s long […]

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  • 14th June 2021

    Dubai issues revised decisions on commercial ownership for foreign investors

    The Dubai Department of Economic Development (Dubai Economy) recently announced new decisions on foreign ownership, which became effective from the 1st of June 2021. The Dubai Economy issued guidelines along with their new decisions which clarify the procedures necessary for full ownership for foreign investors, ensuring compliance with the Federal Decree-Law No. (26) dictated in [...]

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  • 5th February 2021
    Are you eligible for UAE citizenship?

    Are you Eligible for UAE Citizenship?

    The UAE has announced ground-breaking news this year, revealing a new initiative to allow non-UAE nationals to obtain Emirati Citizenship and Passports. Reflecting the focus on its diversity and tolerance, the UAE has adopted law amendments that will allow granting Emirati citizenship to investors, specialised talents, and professionals. Under the directive of the President, His [...]

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  • 16th November 2020
    Nasdaq Dubai

    Dubai announces growth market set to support SMEs

    On the 27th October 2020, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum – Crown Prince of Dubai, announced the launch of a new stock market, dedicated to supporting small and mid-sized companies under the umbrella of Nasdaq Dubai. The Nasdaq Dubai Growth Market (NDGM) was released in conjunction with the Dubai Future District project with the [...]

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  • 9th November 2020
    Why does your business need a Corporate Service Provider

    Why does your business need strategic business management support and corporate services?

    Every credible and successful business will require business management support in some form over their lifetime. Companies are often then faced with a few choices, to ensure they are optimising operations; either hire an in-house team, outsource each service from a third-party provider, or hire an all-encompassing entity, such as a Corporate Service Provider to [...]

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  • 30th October 2020
    Why are double taxation agreements useful for business?

    Why are Double Taxation Agreements useful for Businesses?

    A Double Taxation Agreement is a treaty acknowledged by two countries to protect residents who conduct business operations between two locations against the risk of double taxation where the same income tax is liable in both locations. These agreements allow businesses to operate between these two locations without paying excessive taxes, providing certainty for cross-border [...]

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  • 6th October 2020

    Introducing Animo Associates UAE – The Cosmopolitan City Making Things Happen

    Located in the lucrative Emirate; Dubai, our UAE offices provide Animo with an extended reach to MENAP and other major global business hubs. The cosmopolitan city boasts innovation, from world-class infrastructure to first-class hospitality services, bringing together the highest standards of comfort and convenience whilst still incorporating the traditionality’s of Arabia, proving that there truly [...]

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  • 7th August 2017

    The introduction of VAT in the UAE

    Effective from 1st January 2018 the GCC have now signed Federal Law No. 7 for tax procedures, which sets the foundations for the planned UAE tax system, regulating the administration and collection of taxes and clearly defining the role of the Federal Tax Authority (FTA).

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