Corporate Governance
As the UAE solidifies its position as a global hub for crypto businesses, acquiring a crypto license is now a mandatory step for any advisor offering services in cryptocurrency trading, blockchain growth strategies, or digital asset security.
Recent developments in several European countries and the United States have introduced exit taxes that can pose significant challenges for companies looking to relocate abroad.
Originally, the filing deadline was set for September 30, 2024. Now, companies have until December 31, 2024, providing much-needed relief for businesses that were scrambling to meet the original deadline.
Dubai has recently introduced stringent VARA Crypto Marketing Guidelines for companies promoting digital assets. These guidelines emphasize transparency, ethical marketing practices, and full disclosure of risks associated with crypto trading.
The future of global business hubs is about to be redefined with the upcoming launch of the “Free Zone of the Future” by the World Free Zones Organisation (WFZO).
By removing the financial burden of hotel licensing fees, Saudi Arabia hopes to attract greater investment in its hospitality industry, enhancing its capacity to accommodate an influx of international and domestic tourists.