British Centres for Business
501, 5th Floor
Block B, Business Village,
Port Saeed, Deira,
PO Box 123885
Good Morning & Happy New Year (if it’s not too late for that)
After a brief pause over Christmas & New Year, the business cycle is back in full swing underpinned by bullish forecasts of 3.9% GDP growth in 2018 and oil hovering close to $70.
The global healthcare industry is preparing to descend on Dubai for this year’s Arab Health exhibition at the end of the month which will see more than 4,000 exhibitors and circa 100,000 visitors in town for one of the industry’s biggest annual events. The UK will again have a major presence and we’re looking forward to hosting the Midlands Engine trade mission comprising 34 quality companies.
For businesses already here, the introduction of VAT on January 1st is still the main topic of conversation as we all adjust to the new 5% levy on local goods & services, and the mechanics of accounting, filing & reclaiming become more clear. We continue to publish regular updates on this important subject (see below).
We wish you a successful year ahead and look forward to supporting your export plans in 2018.
The State of UAE Healthcare
Arab Health, one of the largest medical conference and healthcare event in the world, opens its doors on 29th January this year in Dubai. Read more.
The impact of UAE VAT on overseas exporters
Since the introduction of VAT, we have had may queries from British companies in relation to the effect of VAT on businesses exporting into the UAE. Read more.
Can a UAE Business Recover VAT on Business Expenses?
It is common in most countries where VAT has been implemented that the tax paid on the majority of business expenses can be offset or even recovered as input tax. Read more.
Meet the team: Tom Marchbanks
Based in the UK, Tom is now our new Commercial Manager. Tom is a keen cyclist but we promise not to post any pictures of him in lycra. Meet Tom!