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14 March 2024
The Future of Business in Saudi Arabia
Saudi Arabia’s Vision 2030 serves as a cornerstone for the future of business in Saudi Arabia, aiming to diversify the economy beyond oil and to foster a vibrant, sustainable environment for both local and international businesses. With strategic reforms like introducing new visa policies for tourists and creating a more inclusive business landscape, Saudi Arabia is reinventing itself as a dynamic hub for investment opportunities, technology advancement, and economic growth. This ambitious blueprint not only opens up avenues for starting a business in Saudi Arabia but also signals a shift towards a more diversified and innovation-driven economy. Our exploration delves
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1 March 2024
Spain Golden visa by real estate investment
Under the current Spain Golden Visa program, the criteria are: The applicant must be at least eighteen years old. The applicant shall not have citizenship of any European Union country; The applicant shall have clear criminal record in Spain or in previous countries of residencewithin the last five years; The applicant shall not have visa refusals for Schengen, the United Kingdom, or the UnitedStates; The applicant shall not have any issues with other immigration programs in Spain; The applicant shall have a medical insurance from a company certified to operate in Spain; The applicant shall proceed with the payment of
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20 February 2024
Greece Golden visa by real estate investment
Under the current Greek Golden Visa program, the criteria are: The applicant must be at least eighteen years old. The applicant must have clear criminal record in any country where has ever reside [aswell as for all family members who are older than 14] The applicant must have a health insurance from a company operating in Greece. The applicant shall invest a minimum of €250,000 for real estate purchases (€500,000for 36 of the nation’s most popular locations). Issuance of a Power of Attorney for the real estate investment and the residency* *The applicant shall sign a Power of Attorney for
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7 February 2024
The Evolving UAE Tax Landscape
The Evolving UAE Tax Landscape In the realm of global economic hubs, the United Arab Emirates (UAE) has long stood out as a tax-friendly jurisdiction, fostering an environment conducive to business growth and prosperity. This long-celebrated tax-friendly environment, is undergoing a profound transformation. The UAE tax system is poised for a paradigm shift, marked by a series of updates and reforms that underscore the nation’s commitment to international standards and heightened transparency. The focal point of this analysis is the introduction of corporate tax, a strategic move aligning the UAE with international norms of tax transparency. Meticulously examining its applicability,
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8 January 2024
Navigating Financial Success in 2024: A Comprehensive Guide to Setting Goals and Planning
As we step into the new year of 2024, it’s essential for organizations and individuals alike to proactively plan and set financial goals. The economic landscape is constantly evolving, and having a solid financial plan is crucial for success and stability. This comprehensive guide will equip you with the knowledge and strategies needed to navigate the financial challenges and opportunities that lie ahead. 1: Assessing the Current Financial Situation Before setting financial goals for the new year, it’s crucial to assess your current financial situation. This involves evaluating your income, expenses, assets, and liabilities. By understanding where you currently stand,
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18 December 2023
Updated Social Insurance Contributions in Cyprus – Effective January 1, 2024
As we step into the new year, it’s crucial to stay informed about changes that may impact our financial landscape relating to the updated social insurance contribution rates in Cyprus, effective January 1, 2024. Contribution Rates: Self-employed individuals: 16.6% Employer’s contribution: 8.8% Employee’s contribution: 8.8% Employer’s contribution to Redundancy Fund: 1.2% Employer’s contribution to Social Cohesion Fund: 2% Employer’s contribution to Human Resource Development Authority Fund: 0.5% The maximum limit of emoluments is set at €5,239 per month or €62,868 per year. These adjustments are vital for both employers and employees to ensure compliance and proper financial planning.
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13 September 2022
HIGHWORTH BUSINESS CONFERENCE INVITATION 2OTH SEPTEMBER 2022
HIGHWORTH BUSINESS CONFERENCE INVITATION 2OTH SEPTEMBER 2022 We are happy to share with you that HIGHWORTH after establishing its Representative offices in Beirut, and creating stronger bonds with the Lebanon Market, organises a Business conference on the 20th of September 2022 at our office’s Building Conference Area, Beirut. The upcoming Business Conference aims to enhance the connections between Cyprus and Lebanon and offer additional opportunities to Lebanese corporate and private individuals for further expanding overseas and diversifying risk. Subject to the limited availability, we would kindly ask you to send an email request of attendance, including your name and professional background.
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22 June 2022
UAE FREE ZONE COMPANIES
The United Arab Emirates comprises of a Federation of seven emirates namely, Dubai, Abu Dhabi, Sharjah, Fujairah, Ras Al-Khaimah, Umm Al-Quwain, and Ajman which have their own rules and regulations There are over 40+ Freezones in the country, each one offering a variety of advantages, from 50-Years tax exemptions to dual licensing options. The Freezone is an International concept, which was launched in the UAE for foreign investors who wish to secure and obtain 100% ownership of their businesses, whilst claiming benefits such as zero taxation, granting 100% repatriation of profit, and obtaining UAE Residency visas. UAE Company Benefits: 100%
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