Passenger Travel Regulations for Cash and Valuables

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…

Simplified View: Application of arm’s length standard
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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…

How to Lease a property in the UAE

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…