Dubai … The UAE’s Ministry of Finance (MOF) has issued a new decision that explains which businesses are not required to register for Corporate Tax on the Taxation of Corporations and Businesses. The decision is issued in accordance with the Corporate Tax Law which requires taxable persons to register for Corporate Tax with the Federal Tax Authority, except in certain circumstances. Certain exempt include government entities, government-controlled entities, extractive businesses and non-extractive natural resource businesses that meet the necessary conditions under the Corporate Tax Law and are not required to register for Corporate Tax purposes. A non-resident person will also…
Author: Naeem Akhter
Dubai Momina Pirzada, a well-known businesswoman of Dubai, has been appointed as a business consultant of Sheikh Majid Rashid Al Mualla Office. She has vast business experience in the UAE. She is the Assistant Chief Executive Officer of Ach Communications, the owner of Mina Jewelers and a partner in Rolex Dealership LA USA. After being appointed as a business consultant, HH Sheikh Majid Rashid Al Mualla awarded him a shield. On this occasion, in a special interview with Pardais News, Momina Pirzada thanked His Highness Sheikh Majid Rashid Al Muala for being appointed business advisor and said that she will…
Dubai … At Pakistan Association Dubai (PAD), the essence of Ramadan is in full spring as we carry out welfare activities during the Holy Month. Keeping up with our tradition PAD Welfare committee is running several initiatives to serve the deserving members of the community. Mr Faisal Sunka, head of PAD Welfare committee, remarked that “though our welfare efforts continue throughout the year, they are at their peak in the month of Ramadan”. We are pleased to share that so far; we have distributed 1000+ food cards to deserving families. We have also been providing iftar at the local Pakistani…
RAS AL KHAIMAH Ras Al Khaimah Economic Zone (RAKEZ) welcomed 1,839 new companies in the first quarter of 2023, representing 122% growth compared to the same period in 2022, indicating a strong start to the year for the economic zone. RAKEZ Group CEO Ramy Jallad commented on this achievement: “We are thrilled to welcome 1,839 new companies to our ecosystem in the first quarter. The sheer number of new businesses choosing us as their base showcases our futuristic approaches, innovative business solutions, and unwavering commitment to aiding enterprises of diverse scales and types. Our ability to maintain a competitive edge…
Dubai … Renowned Pakistani designer Zainab Chottani’s creation exhibited in Dubai a large number of people visit and admired it. Zainib Chottani’s outlet is in Karachi. A few years ago, she established her outlet in Lahore. Apart from Pakistan, her designs are also popular in India and other countries of the Middle East. Talking to the media, Zainab Chotani said that she has come to Dubai for an exhibition after many years, before that she has been participating in exhibitions held in Dubai, but this is the first time she is organizing a solo exhibition. Considering the response now she…
“Tolerance is the basis of building and linking societies, in addition to disseminating values of peace and coexistence. Furthermore, the UAE society is righteous, tolerant and keen on humanitarian traditions and values.” “The leadership, government and the people of the UAE are inspired by Sheikh Zayed’s legacy, thoughts, and firm approach to make the UAE an oasis of tolerance, pluralism and diversity, where people can live in an environment of acceptance, respect, and harmony.” Funan Arts group along with the Mahfuz Canvas from Bangladesh created a remarkable milestone in its artistic journey by organizing “Bijoy,” the artistic celebration of the…
Abu Dhabi UAE authorities have updated the entry permit fees for those who are applying for the country’s 10-year Golden Visa. The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) has revised the cost of the six-month entry permit to Dh1,250, according to a report published in Arabic daily Al Khaleej. The Dh1,250 charge includes a Dh1,000 issuance fee; Dh100 application fee; Dh100 for smart services; Dh28 for electronic services; and Dh22 for ICP says, the authority said. When applying for the entry permit, Golden Visa applicants must submit a number of documents, including passport, a coloured personal…
Dubai … The Legends League Cricket has announced that the much-awaited and talked about franchise-based tournament will take place in September 2023, and the registrations for players are now open. The red carpet will be laid out for the who’s who of the sport as they descend across multiple venues in India to entertain their fans, by rolling back the clock. After a milestone LLC Masters in Doha with a massive reach of 1.48 billion globally, it will be interesting to see the multiple team franchise-based tournament to take the center stage. The inaugural edition of the tournament saw participation…
DUBAI Wherever Muslims live in the world, Ramadan programs are organized for excellence, in this context. Mr. Rizwan Sajan, the founder and group chairman of Danube Group, gathered Muslims from different countries across the country on one platform. People from Pakistan, India, Bangladesh, Egypt, Jordan, Saudi Arabia, United Arab Emirates, USA, Canada and many other countries participated in Suhur at his residence in Dubai. Mr. Rizwan Sajan, presided over the function and thanked all the guests. While he addressing to audiences said that UAE is a peaceful country where people of more than 200 nationalities from all over the world…
Abu Dhabi … The Central Bank of the UAE (CBUAE) has issued a new banknote of Dhs1000 denomination, made of polymer for circulation in the market. The new banknote will be available at banks and exchange houses starting from April 10, according to the state news agency, WAM. It is marked by different shades of brown – a throwback to the Dhs 1,000 banknote currently in circulation, making it easy for the public to identify. The fluorescent blue, which represents the UAE nation brand in the centre, and drawings and inscriptions were created using advanced intaglio printing techniques. Features of…