United arab emirates capital

On 31 January 2022, the Ministry of Finance of the United Arab Emirates (UAE), announced the implementation of a path-breaking corporate tax regime in the UAE, effective from the financial year commencing on or after the 1 st of June 2023. The UAE, member of OECD (Organization for Economic Cooperation and Development) is introducing the federal corporate tax system as an effort to align with the international norms on minimum effective tax rate initiated by Pillar II of the OECD Base Erosion and Profit Shifting Project. By lodging the new federal corporate tax regime, the UAE government aims to establish a robust, competitive tax regime while integrating and collaborating with the existing international standards and modern business practices and as result, to solidify its position as a leading jurisdiction for expanding business and investing. The UAE has adopted the lowest corporate income tax rate of 9% within the Gulf Corporation Council,applicable to all businesses and companies conducting commercial activities within the seven emirates. • Applicability of the UAE federal corporate tax • Legal entities such LLCs, PSCs, PJSCs, LLPs incorporated in the UAE and any other legal entities conduction commercial activities in the UAE. • Foreign legal entities with permanent establishment in the UAE, have an UAE income or have nexus in the UAE as specified by ministerial decision. • Natural persons conducting business in the UAE specified by Cabinet decision. Legal entities in...

The United Arab Emirates (UAE) is a country in Western Asia. Abu Dhabi is the capital of UAE, and it is the country's largest and the second most populous city. It is also the capital of the Emirate of Abu Dhabi, which is the largest of the seven emirates that form the UAE. The United Arab Emirates was liberated after the departure of the British from the Persian Gulf in December 1971. A controversial decision mad Abu Dhabi the provisional city of UAE. However, it was not until the early 1990s that Abu Dhabi was officially recognized as capital of the UAE. The city was relatively undeveloped at the time, but rapidly developed after becoming officially recognized as capital. Geography of the Capital of the UAE Abu Dhabi is located in the southeastern part of the Arabian Peninsula, on an island situated about 240 km off the mainland. The triangular-like island is also referred to as Abu Dhabi. The island is connected to the land by three bridges: Sheikh Zayed Bridge, Maqta Bridge, and Mussafah Bridge. Most of the city is situated on the island, although a few of the city's suburbs are located on the mainland. Climate of the Capital of the UAE Abu Dhabi experiences a hot desert climate. Hot temperatures are experienced year round, and the skies are mostly clear. June, July, August, and September are the hottest months of the year. August is typically the hottest month in Abu Dhabi, and January is the coolest. The city’s cold season is usually between November and March. The e...

Abu Dhabi/Luxembourg: The Abu Dhabi Securities Exchange (ADX) and the Luxembourg Stock Exchange (LuxSE) announced today the signing of a Memorandum of Understanding (MoU) between the two parties. The purpose of the MoU is to establish a framework of cooperation between the two institutions to facilitate the dual listing of a broad range of financial instruments, maximise access to European, Middle Eastern and international investors for the parties’ respective issuers, expand pre- and post-listing services, provide access to training programmes to foster awareness around sustainable debt products, and leverage ESG data to enhance issuer and investor engagement both in the Middle East and Europe. Abdulla Salem Alnuaimi, Chief Executive Officer of ADX, said: “Forming partnerships and building relationships with exchanges is a key tenet of ADX’s growth. Through this MoU, we are forging deeper ties with LuxSE and demonstrating our ongoing commitment to collaboration, supporting sustainable finance, sharing global best practice, encouraging bilateral investments, and broadening both exchanges investors’ base of bond and sukuk issuers in ADX. We will continue to leverage its diversified product offering, active equity capital markets and extensive network to enhance liquidity and activity on our growing exchange.” “We are delighted to formalise our cooperation with the Abu Dhabi Securities Exchange through this Memorandum of Understanding. Cross-regional collaboration plays a pi...