More Canadians than ever are choosing to relocate to the UAE, drawn by its tax-free income, luxurious lifestyle, and booming business environment. Whether you're moving for work, investment, or a fresh start, this guide covers everything you need to know about making the transition from Canada to the UAE. We've broken down each section to […]
The UAE has cancelled the Economic Substance Reporting (ESR) requirement for fiscal years starting on or after January 1, 2023. This significant change simplifies compliance for businesses while aligning with the UAE's Corporate Tax Law. Here's a breakdown of the updates and their implications. Key Updates to ESR Requirements Why Was ESR Cancelled? What Does […]
Ramadan is a sacred and spiritually significant month observed by millions of Muslims worldwide. During this time, those fasting refrain from food, drink, and other physical needs from dawn until sunset, focusing on prayer, reflection, and community. While it’s a deeply meaningful period, balancing work and fasting can sometimes present challenges. As an employer or […]
Abu Dhabi has unveiled an extraordinary new initiative—the ‘Golden Quay’—designed to attract superyacht owners and key players in the yachting industry to the UAE. As part of this program, eligible individuals can now apply for a coveted 10-year UAE Golden Visa, offering unparalleled opportunities for investment, lifestyle, and business. Key Highlights of the ‘Golden Quay’ […]
The United Kingdom’s recent 2024 labour government budget introduced significant tax reforms aimed at addressing fiscal challenges. These changes bring increased financial burdens for businesses, investors, and high-net-worth individuals. Meanwhile, the United Arab Emirates (UAE) continues to attract global attention with its tax-friendly policies. We suspect many UK business owners and individuals are looking for […]
The UAE has become a top choice for foreign investors seeking a tax-efficient environment for their financial activities. With its tax residency certificate program, the UAE offers significant advantages to entrepreneurs and investors alike. The UAE’s favorable tax policies, stability, and strategic geographic location make it a compelling base for high-net-worth individuals and international businesses. […]
As we have previously mentioned, Free zones offer unique benefits and incentives tailored to specific industries, attracting businesses from around the world to set up operations within the UAE. Today, UAE free zones are evolving rapidly to meet industry-specific needs, helping both local and international businesses thrive. This article explores the latest trends, challenges, and […]
Are you considering moving from the UK to Dubai with your family? With its year-round sunshine, modern infrastructure, and high standard of living, Dubai has become a top destination for expats, especially those from the UK. Whether it’s for career opportunities, better education, or an enhanced quality of life, Dubai offers a unique blend of […]
Dubai has become a highly attractive destination for UK businesses seeking to expand internationally. With its tax-free zones, strategic geographic location, and thriving economy, the city offers an ideal environment for business growth. Relocating your business to Dubai not only provides financial benefits but also opens up new markets in the Middle East, Asia, and […]
Dubai's dynamic business environment continues to evolve, making it an attractive destination for foreign investors, particularly from the UK. Recent reforms and strategic initiatives are reshaping the investment landscape, providing new opportunities for businesses looking to establish or expand in the region. This article explores the key economic reforms, sector-specific opportunities, and why now is […]
A dynamic economy, strategic location, and investor-friendly policies... does this sound like the ideal destination for you to relocate or expand your business to? The UAE is an attractive destination for entrepreneurs, particularly those targeting the Gulf Cooperation Council (GCC) market. Dubai, in particular, offers a wealth of resources, convenient access to international travel, and […]
The UAE has been proactive in its commitment to maintaining a transparent and fair tax environment. As part of this commitment, the Economic Substance Regulations (ESR) were introduced to ensure that entities engaging in relevant activities maintain substantial operations within the UAE. This article delves into the latest ESR rules, outlining compliance requirements and how […]
Choosing between in-house and outsourced PRO services can significantly impact your business's efficiency, cost management, and compliance. Especially when thinking about smaller startups and businesses, it often doesn't make sense to dedicate budget, time and resources into finding an in-house PRO expert for your business, there are likely far more critical staffing requirements that need […]
Dubai's vibrant job market attracts professionals from around the globe. The Dubai Jobseeker Visa is designed to help individuals explore employment opportunities in this dynamic city. This article provides a comprehensive guide to the Dubai Jobseeker Visa, outlining its benefits, application process, and how Prism 7 Corporate Services can assist you. What is a Job […]
Navigating the educational and professional landscape in the UAE requires an understanding of equivalency certificates. These certificates play a critical role in bridging the gap between international educational qualifications and the UAE's standards, ensuring that your foreign-acquired qualifications are recognized and valued in the UAE. What is an Equivalency Certificate? An equivalency certificate is an […]
In a significant move to streamline the taxation process, the UAE's Federal Tax Authority (FTA) has set out specific deadlines for businesses to register for Corporate Tax, effective from March 1, 2024. They are closing the gap for newly licensed businesses, and it's important to be aware of the deadlines that could affect your business. […]
Are you planning a trip from the United Arab Emirates to the United Kingdom? Whether it's for business, leisure, or academic purposes, understanding the visa requirements and preparation tips is crucial for a smooth journey. At Prism 7 Corporate, we specialize in ensuring our clients experience hassle-free travel. This article provides you with a comprehensive […]
As the crescent moon signals the approaching holy month of Ramadan, expected to begin on March 11th, 2024 (2025 - Friday 28th Feb) the UAE prepares for a period of spiritual reflection, community gathering, and renewed focus on family and charity. This sacred time also presents great opportunities for businesses to connect with consumers on […]
What is Business Activity Classification (BAC)? Put simply, BAC is a standardised system that categorises companies based on their core activities. Think of it as a detailed index, where each company finds its unique niche within a vast network of economic sectors. This meticulous labelling serves several key purposes. Firstly, it enhances transparency and clarity […]
The UAE has recently made significant updates to the Golden Visa requirements, particularly benefiting property investors. These changes are part of the country’s ongoing efforts to attract long-term residents and bolster its real estate market. Here’s everything you need to know about the latest updates and how they may impact your eligibility for the Golden […]
Exploring the various professional opportunities in the UAE can be an exhilarating adventure, when you're looking to take the steps needed to launch your career to the next level, don't let unexpected paperwork battles get in your way, stay one step ahead to give yourself a clear path and open opportunities in our flourishing professional […]
The United Arab Emirates, with its dynamic economy and attractive business environment, has become a magnet for entrepreneurs and investors looking to establish a foothold in the region. Are you one of those entrepreneurs? Looking to launch your latest business scheme. Or even if you are an established investor, with experience in other regions, you […]
The UAE introduced a corporate tax regime on June 1st, 2023, with a standard tax rate of 9%. This tax applies to taxable income generated by UAE-resident entities, regardless of whether they are incorporated in the UAE or not. However this significant shift in the UAE's fiscal landscape has sparked questions about exemptions, free zones, […]
What is ILOE Insurance? The UAE's Involuntary Loss of Employment (ILOE) Insurance Scheme, introduced in 2022, aims to provide financial support to employees who lose their jobs involuntarily, ensuring a safety net during periods of unemployment. This comprehensive insurance scheme is mandatory for all eligible employees working in both the federal and private sectors, offering […]
There is no doubt that the UAE is a great place to setup your new business or expand an existing business into. It offers all the qualities conducive to business success! However one of the first hurdles for many of our clients is a hard decision...freezone or no freezone? As a previously UK-only based business […]
The United Arab Emirates (UAE), a land of captivating contrasts, beckons travelers with its mesmerizing blend of modern marvels and ancient traditions. From the soaring heights of Burj Khalifa to the serene expanse of the Liwa Desert, the UAE offers an unparalleled tapestry of experiences. Embark on a journey through these enchanting destinations and discover […]
Should i get a freelance visa or a golden visa? Will i even be eligible for a golden visa? How should i apply for my freelance visa? These are just a few of the questions you may have when trying to decide what steps to take if you're planning to move to or work in […]
The UAE amongst many other things, is a global business hub, attracting entrepreneurs and investors from around the world. One of the key factors contributing to this status is the establishment of Free Zones across the country, particularly in Dubai. Free zones are a huge asset to businesses and people looking to trade in the […]
The United Arab Emirates (UAE) has emerged as a sought-after destination for individuals and families looking to secure their future through the prestigious Golden Visa program. Offering an array of benefits, these visas grant foreign residents access to the vibrant UAE landscape, business opportunities, and world-class infrastructure. However if you are going blind into your […]
