The UAE corporate tax law offers significant advantages for businesses operating in free zones, particularly with a 0% corporate tax rate applicable to transactions within these areas. This provision is especially relevant for Qualifying Free Zone Persons (QFZPs), who can benefit from this tax rate when they earn qualifying income from specific activities, even if...
The Dubai International Financial Centre (DIFC) has announced its intention to enact new Variable Capital Company (VCC) Regulations aimed at enhancing investment structuring and asset management options for proprietary investments within the DIFC. This initiative positions the DIFC as a leading financial hub in the Middle East, Africa, and South Asia (MEASA) region. Jacques Visser,...
A recent analysis by the Dubai Chamber of Commerce has shown that Indian-owned businesses topped the list of new company registrations during the first quarter of 2025. This report highlights the growing influence of Indian entrepreneurs within the Dubai business landscape, signaling strong ties between the two economies. The Dubai Chamber, one of three chambers...
Wealthbrix Capital Partners Limited has officially entered the market as an independent wealth management firm based in the Dubai International Financial Centre (DIFC). The firm announced its launch today, backed by an eight-figure investment aimed at enhancing wealth management services in the region. The newly established firm boasts an experienced board that is committed to...
Sharjah Publishing City Free Zone (SPC Free Zone) has proudly achieved the “Great Place to Work” certification for the 2025-2026 period, marking its second consecutive year of receiving this esteemed accolade. This recognition highlights the positive and thriving work culture developed within the free zone’s administrative department, serving as a strong endorsement from its most...
The Financial Services Authority (FSRA) of Abu Dhabi Global Market (ADGM) has announced the immediate implementation of amendments to its regulatory framework for digital assets. This decision follows extensive industry engagement and feedback on Consultation Paper No. 11 of 2024. The key focus of the amendments is on revising the process for accepting Virtual Assets...
The International Free Zone Authority (IFZA) has officially announced a strategic partnership with RAKBANK, aimed at empowering businesses with tailored banking solutions. This collaboration is designed to support the ongoing mission of IFZA to provide seamless business services for companies operating within its free zone. Under this partnership, both organizations will work together to create...
In a big step towards government modernization, H.H. Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, announced a partnership between the UAE Government and the Government of Fujairah to implement the Zero Government Bureaucracy Programme and the Global Star Rating System for services. This initiative aims to create a more efficient, flexible, and...
The UAE and Ghana have signed a significant agreement to create the first economic zone and digital incubator in Accra. This partnership involves the Ports, Customs and Free Zone Corporation (PCFC) and the Ghanaian government, with the goal of transforming Ghana into a “regional technology powerhouse” that attracts investments in West Africa. Credit: Dubai Eye...
SC Ventures, the innovation and venture arm of Standard Chartered, based in Singapore, has partnered with the Dubai International Financial Centre (DIFC) Innovation Hub to establish the National Venture Studio in Dubai. This initiative is designed to foster innovation and support venture creation in the region as the UAE enhances its position as a global...