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The UAE federal tax system is administered by the Federal Tax Authority (FTA), which was founded ahead of the 2018 implementation of a federal value added tax (VAT). The current standard VAT rate in the country is 5%. [2] [3] In January 2022, the UAE Ministry of Finance announced the implementation of a federal corporate tax starting June 2023. [4]
The Securities and Commodities Authority (SCA) is a federal financial regulatory agency in the United Arab Emirates.It was established based on Federal Decree No. (4) of 2000 by then-president of the UAE, Sheikh Zayed bin Sultan Al Nahyan and it's amendments issued in Federal Law 25 of 2006, amending the former law.
This is a list of official business registers around the world. [1] [2]There are many types of official business registers, usually maintained for various purposes by a state authority, such as a government agency, or a court of law.
Their legal status varies from being a part of government to stock companies with a state as a regular stockholder. There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms can be used interchangeably.
The Emirates Identity Card (Emirates ID or EID) is a mandatory identification card issued to citizens and residents of the United Arab Emirates (UAE). It is an essential document for accessing government services, legal processes, and other key functions within the country.
Abu Dhabi Securities Exchange (ADX) (Arabic: سوق أبو ظبي للأوراق المالية) is a stock exchange in Abu Dhabi, United Arab Emirates (UAE). Established in November 2000, ADX has grown significantly over the years, evolving into a dynamic platform for trading and investment, with a reputation for stability, transparency, and innovation.
The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. [5] The UAE economy is heavily reliant on revenues from petroleum and natural gas, especially in Abu Dhabi. In 2009, more than 85% of the UAE's economy was based ...
Location of the United Arab Emirates. The United Arab Emirates is a country at the southeast end of the Arabian Peninsula on the Persian Gulf.. The economy is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of US$570 billion (DH 2.1 trillion) in 2014.