Content Types: ArticleRegions & Countries: United Arab EmiratesServices: Legal
Further to our alert of 25 June 2019 on the economic substance regulations, which came into effect on 30 April 2019 pursuant to the Cabinet of Ministers Resolution No. 31 of 2019 (“Regulations”), and in light of the approaching enactment of the Ministry of Finance guidelines to the Regulations, it is important for businesses operating in the UAE to: consider the impact of the Regulations on their operations; and ensure compliance with the...
Content Types: NewsletterRegions & Countries: IraqTunisiaIndustries: All
Higher oil output should boost growth, but structural vulnerabilities, particularly high unemployment and a growing population, are being left unattended by the absence of any major legislative action.
Growth this year is expected to be driven by a recovery in exports and a revival in tourism. Funding from the London initiative should also help finance the current account and maintain reserves at an adequate level.
Content Types: ArticleRegions & Countries: United Arab EmiratesServices: Employment & Immigration
Following conflicting media reports about the UAE government’s long-term residence program, the General Directorate of Residency and Foreign Affairs has clarified in a press conference that the Golden Residency is actually a reference to the 10-year residence permit introduced in February 2019.