Do you know about Salik: Dubai’s Electronic Toll Road System

Do you know about Salik: Dubai’s Electronic Toll Road System

Dubai, a city synonymous with innovation and cutting-edge infrastructure, has implemented an efficient and seamless electronic toll road system known as Salik. This system leverages RFID technology to automate toll payments, ensuring a smoother and more efficient driving experience. In this blog post, we will delve into the intricacies of the Salik system, how it…

How to Find the Best Properties for Rent or Purchase in Dubai, UAE
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How to Find the Best Properties for Rent or Purchase in Dubai, UAE

Dubai, known for its luxurious lifestyle, world-class infrastructure, and booming real estate market, offers a plethora of options for those looking to rent or buy properties. Whether you’re seeking a high-rise apartment with stunning views, a spacious villa, or a cozy townhouse, the real estate market in Dubai has something for everyone. To navigate this…

travel regulations, currency declaration, customs, cash limits, valuables, airport security, international travel, border crossing, money laundering prevention, financial transparency

Passenger Travel Regulations for Cash and Valuables

Cash Declaration: Passengers traveling out of or entering the UAE with more than AED 60,000 in cash or an amount equivalent to this in other currencies, financial instruments, precious metals, or valuable stones must declare it to the Federal Authority for Identity, Citizenship, Customs & Ports Security (ICP). Declaration Methods: Exemptions for Minors: For passengers…

Taxable Income Attribution, Arm’s Length Standard, Corporate Tax Law, Transactions within Tax Group, Fair Pricing, Services without Charge, External Costs Allocation, Tax Group Income Limit, Standalone Income/Expenses, No Gain or Loss Basis, Qualifying Group Relief, Asset and Liability Transfers
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Simplified View: Application of arm’s length standard

When figuring out how much tax each member of a tax group owes, we use the arm’s length standard from Article 34 of the Corporate Tax Law. This means transactions within the group must be priced fairly. For example, if one member sells something to another for more or less than it’s worth, we adjust…

UAE Business Journey: An Entry-Level Manual

UAE Business Journey: An Entry-Level Manual

Concept & Market Exploration: 2. Licensing & Registration: 3. Visas & Permits: 4. Logistics & Establishment: 5. Resources & Assistance: Remember: This succinct guide serves as a launching pad. Delve deeper into specifics relevant to your business type and location. With meticulous planning and execution, your UAE business endeavor can prosper! Bonus Tip: Attend business…

UAE Property Management

How to Lease a property in the UAE

Steps and information to lease a property in UAE made easy for you, lets learn more: Search for a property You can search for available accommodation using local newspapers and magazines, or through registered real estate brokers (agents) or through private property websites. You can also find properties rented directly from the owner. Related links Rent rates…

UAE Fact Sheet

UAE Fact Sheet

The UAE is a constitutional federation of seven emirates. Abu Dhabi city is the capital of the UAE. Arabic is the official language of the UAE. Islam is the official religion in the UAE. The UAE is 4 hours ahead of GMT. The Arab Emirati Dirham (AED) is pegged to the US dollar (USD). 1 USD = AED 3.6725. The…