The UAE has welcomed 90 new companies into its NextGen Foreign Direct Investment (FDI) program, reinforcing its reputation as a key destination for multinational technology partnerships. This initiative, launched by the Ministry of Economy, aims to attract innovative businesses and foster economic growth in the region. The Ministry of Economy highlighted that this influx of...
Dubai International Chamber has announced that 62.7% of the multinational companies (MNCs) it attracted in 2024 are from Asia. This statistic highlights the growing importance of the Asian market in Dubai’s business landscape. The data was revealed as part of the Dubai International Chamber’s efforts to enhance the emirate’s position as a global business hub....
The UAE has unveiled a set of tax incentives for multinational companies (MNCs) operating within the country. These measures, effective from January 1, 2025, are designed to encourage investment activities and strengthen the UAE’s position as a global business hub. MNC entities in the UAE will be subject to a corporate tax rate of 15%,...