In order to promote itself as a leading global center for software and artificial intelligence, the UAE government is intending to offer 100,000 golden visas to programming and artificial intelligence talents and innovators.
The introduction of a new law regarding the tax on corporate and commercial earnings marks a new economic milestone in the UAE's period of financial sector developments. According to Federal Decree No. 47 of 2022, the new law is set to take effect on or after June 1, 2023.
Dubai has always been an attractive destination for businesses and entrepreneurs, thanks to its strategic location, world-class infrastructure, and investor-friendly policies. But now, the UAE-based financial sector has reaffirmed its commitment to sustainability goals ahead of COP28, presenting even more opportunities for businesses in Dubai.
Data use and analysis have always been frequent and significant, but with tremendous technological advancement, the volume of information has expanded, necessitating larger and more precise analysis; to generate results that help improve the user experience, create the advertising system, and others.
Through the golden visa in the Emirates, which grants some categories of foreigners long-term residence if certain conditions are met, the United Arab Emirates seeks to facilitate residency and investment operations for foreigners with the goal of highlighting the country's pioneering and unique role as a global strategic economic center.
The UAE has numerous competitive advantages that help to create promising opportunities and meet the aspirations of investors in various fields, particularly industry, as the way is for innovation, manufacturing, and export in light of encouraging facilities that are unparalleled in any country.
Artificial intelligence is expanding quickly and significantly day by day. Many investors and business owners around the world started looking for the best ways to support them using these technologies in various fields of industry, trade, marketing, and others in order to serve our human needs, facilitate many things for us, and save time and effort.
The UAE’s Golden Visa is a long-term residence visa to enable foreigners to live, work and study in the UAE without a national sponsor and with 100 percent ownership of their business and enjoying exclusive benefits. It was released in 2019 to give its owner the opportunity to reside in the country without a national sponsor, and the duration of the holders of these cards ranges between 5 to 10 years.
Look no further than the United Arab Emirates, if you are seeking to establish a company right now. As a well-known trading hub of the Middle East and North Africa (MENA) region, many entrepreneurs come to Dubai, due to the ease of procedures that distinguish the country from other surrounding countries, in addition to its strategic location and economic climate.
Over the past years, the UAE has been famous for its unique and diverse tourist destinations, however, it has also become the first destination for investors because it offers much more to the global business community. The country creates an open and dynamic economic climate through low tax rates, low import taxes, and strategic location.
The geographical location, tax-free status, and endless opportunities have made Dubai a haven for investors. The city provides a level playing field for everyone. Be it someone who owns a big business somewhere else and wants an expansion in the UAE or just setting up their first startup.
Virtual workplaces are the way to go for businesses to grow and bring down their overheads. Read our article to learn about how to create new opportunities for your company by choosing a virtual office facility over traditional office spaces.
