In 2003, Dubai Ports and Customs Authority issued the Regulation “On Offshore Companies” and authority of Jebel Ali got authorized to register offshore companies in Dubai. The Jebel Ali Offshore Company is regulated by Jebel Ali Free Zone Authority Offshore Companies Regulations of 2003. It's been designed in a manner that can hold freehold property…

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British Virgin Islands (BVI) is well known for its fabulous natural beauty, opulent mountain ridges, jewel-colored waters, and soft sandy beaches. Moreover, it also outshines its peers in the industry of global financial services. Remarkably, this territory is perpetual in its pursuit of refining and advancing its financial services and legal structures, complying with worldwide…

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VAT has already been introduced to the UAE since 1st January 2018 and crossing distinct phases, with time moving ahead. Companies were busy getting their registrations done and now are moving towards their first return filing that would strike shortly. Individuals and businesses who have registered themselves for VAT are required to submit VAT return…

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Introduction of VAT is becoming a bigger focus for companies in UAE as they try to adapt for it. Preparing for VAT is advisable due to many reasons like operational effectiveness, adhering to compliances, financial penalties associated due to non-compliance, managing of cash-flow, risk to goodwill etc. VAT will be applicable to almost all goods…

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