The new rules, announced by UAE Government on 8 January 2007, raised the bank guarantee on registering the broker for the main branch from AED300,000 to AED1 million and AED150,000 to AED500,000 for each branch.
UAE Cabinet announced several amendments to the residency laws, offering residency visas of up to 10 years for key professional workers, including doctors and engineers, and their families.
Ministry of Finance confirms no VAT in ‘Designated Zones’ 14.01.2018 Specified areas in UAE will be treated as outside the UAE for VAT purposes. UAE Ministry of Finance sets minimum turnover requirement for VAT registration 28.03.2017