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Ajman DED clears over 1,000 economic activities 3 hours ago Business Bureau, Gulf Today The Department of Economic Development in Ajman (Ajman DED) has opened 100% ownership of economic activities in the commercial and industrial sectors to foreign investors. In this regard, the department has approved over 1,000 economic activities for foreign investment, except those with a strategic impact, which were agreed upon during the meetings of the Strategic Impact Economic Activities Committee under the Ministry of Economy. Details of such activities will be announced at a later date. This step aligns with the UAE’s strategic vision of promoting a competitive modern and global investment environment, and the recent amendments to the Commercial Companies Law and in implementation of the decision of the Ajman Executive Council in this regard. ....
We discuss the benefits and tax implications behind intercompany royalty payments in China as a profit repatriation strategy for multinational companies. ....
Economic Integration Committee adopts flexible action plan ABU DHABI, 1 hours, 59 minutes ago The Economic Integration Committee has approved an action plan to provide the real beneficiary data of more than 400,000 companies registered in the UAE.
This is to ensure compliance with international standards as stipulated in the ministerial resolution, whereby the companies are obligated to create a register of the real beneficiary and list the required data in the competent authorities’ licensing systems.
The move supports the national efforts in the field of combating money laundering and the financing of illegal organisations, thereby enhancing the UAE’s position in the relevant global indicators. ....