Good Morning
Last month we advised on the advent of corporation tax in the UAE and we’ll bring you more on that in the coming months as its implementation and impact starts to become more clear. However, we start 2023 with the glad tidings of a surprise tax reversal: the 30% municipality tax on alcoholic drinks in Dubai was dropped on January 1st. So much for Dry January…
Whilst this action is aimed more at the consumer – ostensibly to boost tourism – than businesses, I did a count of new UAE legislation in the last 12 months and tallied seven new significant laws that have been announced. This illustrates why it’s important for new companies to the region to seek out professional support in order to be fully apprised of recent developments (including the new mandatory unemployment insurance scheme for employees that was announced at the start of the month too).
With the new year underway, we’re in the midst of our busiest time of the year with Arab Health and Gulfood trade shows happening in the coming month – see the below articles for further information on these perennially strong sectors for UK exporters to the Middle East.
Regards
Joe
Middle East Healthcare: Trends & Opportunities
The UAE is among the first countries in the world to adopt a comprehensive health system. Learn more on the latest trends & opportunities emerging across the sector & region.
Navigating Arab Health and Trade Shows in the UAE
International companies attending Arab Health can look forward to a number of opportunities. Find out what these opportunities are & how to make the best use of them.
UAE Insurance: Mandatory unemployment scheme
The UAE government is introducing two new insurance schemes for employees in an effort to provide greater protection. Find out what the requirements entail.
Food & Beverage in the GCC
Consumers are becoming more aware of the environmental and health benefits of plant-based diets. Learn more on the other F&B trends that are engulfing the region.
Update on UAE & regional trade shows & exhibitions
Check out the upcoming scheduled trade shows & exhibitions taking place in the UAE & GCC in 2023.