MS

Listen from the visionary entrepreneur Maryam AlMansoori, General Manager of Rebound Plastic as she highlights the pivotal role of Team MS in fostering the growth of Rebound in the Abu Dhabi Global Market (ADGM), the world’s premier International Financial Centre. From invaluable advice to round-the-clock support, MS was glad to be a part of the revolutionary journey of Rebound in the region. #Client_Success_Stories #Testimonial #Episode1 #Rebound #MS #ADGM #AbuDhabi #UAE

Witness the Falcon soar once again as Abu Dhabi takes a momentous leap in the UAE's economic diversification! With a remarkable 3.3% growth in the first half of 2024, driven by an impressive 4.7% surge in the non-oil sector, Abu Dhabi has solidified its position as a powerhouse of economic growth. Thus, the value of non-oil sector has increased, making it the highest contributor to the emirate's economy since 2015. Ahmed Jasim Al Zaabi, chairman of Abu Dhabi Department of Economic Development (ADDED) said, “Guided by the leadership’s far-sighted vision and backed by strong fundamentals, Abu Dhabi’s soaring “Falcon Economy” has taken great strides to accelerate growth and transition to a smart, diversified, inclusive and sustainable economy. Our attributes as ‘Capital of Capital’ are attracting global financial powerhouses to Abu Dhabi, supporting the financial activities to grow by 9.7 per cent, and supercharging non-oil sectors, which have contributed 54.1 per cent to total GDP in Q1 2024.” Abu Dhabi's sustained economic growth can be attributed to strategic initiatives aimed at diversification, industrial development, and attracting foreign investments. The emirate is levelling up its game by setting new benchmarks in global economic leadership, driven by strong GDP performance and remarkable achievements in the non-oil sector. So, the economy is not just growing – it’s thriving with a strategic vision. #GDP #FalconEconomy #ADDED #AbuDhabi #UAE #EconomicGrowth #Quarter

Team MS extends our heartfelt congratulations to our esteemed leadership of the UAE. The recent cabinet reshuffle marks a historic moment as the country welcomes a new Defence Minister after 53 years. Congratulations to His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, on his appointment as Deputy Prime Minister and Minister of Defence of the UAE. His exceptional leadership and forward-thinking vision will propel the nation's continued growth and success, solidifying the UAE reputation for excellence and inspiration globally. We also extend our wishes to, His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, on assuming the role of Deputy Prime Minister of the UAE. His appointment strengthens the nation's leadership with his profound experience and dedication. May the country flourish under the guidance of these visionary leaders, bringing prosperity and progress to all its people. #congratulations #abudhabi #dubai #uae

The Abu Dhabi Global Market (ADGM) has come up with a pathbreaking announcement of significant revision in the commercial license fees, aiding the Al Reem Island businesses undergoing transition to ADGM. The non-financial and retail businesses can enjoy a 50% or more reduction from 1st January 2025. The initial USD 10,000 fees are cut down to USD 5,000 and the annual license renewal amount is dropped to USD 5,000 from the current USD 8,000. The new fee structure will come into effect immediately following the conclusion of the current transition period for the existing businesses on Al Reem Island which ends on December 31, 2024. #ADGM #commerciallicense #alreemisland #nonfinancial #retail #abudhabi #uae

The Dubai International Financial Centre (DIFC) has amended its Prescribed Company (PC) regulations to enhance appeal to global investors to structure their wealth and assets while ensuring alignment with DIFC and GCC requirements. The DIFC Prescribed Company is now accessible to a broader range of applicants following substantial revisions to the eligibility criteria for "Qualifying Applicant" and "Qualifying Purpose." This updated PC regime also aims to harmonize the requirements for substantive economic activity with the provision of flexible corporate structures for legitimate purposes. Explore what’s new in DIFC Prescribed Companies Regulation and the key changes. #DIFC #PC #PrescribedCompany #DFSA #HoldingCompany #NewUpdates #Dubai #UAE

𝐌𝐚𝐬𝐬𝐢𝐯𝐞 𝐔𝐩𝐝𝐚𝐭𝐞! 𝐃𝐮𝐛𝐚𝐢'𝐬 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐣𝐮𝐬𝐭 𝐠𝐨𝐭 𝐚 𝐦𝐚𝐣𝐨𝐫 𝐮𝐩𝐠𝐫𝐚𝐝𝐞! The DIFC has completely revamped its Prescribed Company (PC) regulations, making it a prime choice for global investors! 𝐖𝐡𝐚𝐭’𝐬 𝐧𝐞𝐰? 𝐒𝐰𝐢𝐩𝐞 𝐭𝐨 𝐮𝐧𝐜𝐨𝐯𝐞𝐫 1. Updated eligibility criteria 2. Benefits of setting up now 3. How it aligns with GCC requirements 4. What happens to the existing PC's 5. What is in it for the CSPs in DIFC And more... 𝐃𝐈𝐅𝐂 𝐢𝐬 𝐜𝐚𝐥𝐥𝐢𝐧𝐠, 𝐝𝐨𝐧'𝐭 𝐦𝐢𝐬𝐬 𝐨𝐮𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐠𝐚𝐦𝐞-𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲! #DIFC #PC #PrescribedCompany #DFSA #HoldingCompany #NewUpdates #Dubai #UAE

Thinking of buying fewer, but more expensive things? That's kind of how M&A has been this year! M&A activity in the first half of 2024 has witnessed a decline in deal volume, but transaction values remain robust. The Middle East, buoyed by a surge in oil prices, has emerged as a particularly active region with the United Arab Emirates and Saudi Arabia leading the way in education and manufacturing sectors. Sovereign wealth funds are also playing a significant role, strategically deploying capital in clean energy and forging strategic partnerships. Get ready for the stats and a look ahead at what's on the horizon for dealmaking! #mergersandacquisitions #UAE #saudiarabia #dubai #abudhabi #2024

On the commemoration of the Hijri New Year, let us reflect on Prophet Muhammad's (Peace Be Upon Him) journey from Mecca to Medina—a significant event that marks the beginning of the Islamic lunar calendar. As we enter this new year filled with blessings and forgiveness, it is a time for personal and spiritual renewal. May the Almighty fill your life with abundant joy, prosperity, and blessings. Happy Hijri New Year. #Newyear #HijriNewYear #MS #AbuDhabi #Dubai #UAE

The UAE's business landscape is evolving! The introduction of Corporate Tax (CT) brings new considerations for Holding Companies. This shift doesn't diminish the UAE's appeal for business, but understanding the CT law's impact is vital for navigating the evolving landscape and ensuring continued success. Explore how Holding Companies are impacted by the Corporate Tax, including the key tax criteria they need to understand. #CorporateTax #HoldingCompanies #CT #Holdco #AbuDhabi #Dubai #UAE

𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧 𝐔𝐀𝐄 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬, 𝐁𝐞 𝐦𝐢𝐧𝐝𝐟𝐮𝐥 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐮𝐩𝐜𝐨𝐦𝐢𝐧𝐠 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐓𝐚𝐱 𝐝𝐞𝐚𝐝𝐥𝐢𝐧𝐞 𝐭𝐨 𝐀𝐯𝐨𝐢𝐝 𝐅𝐢𝐧𝐞! The Federal Tax Authority (FTA), as per FTA Decision No. 3 of 2024, has an upcoming deadline for licenses issued in March or April of any year before 2024. They must register for corporate tax by June 30th, 2024. Failure to register by this deadline could lead to hefty penalties of up to 10,000 AED. This penalty aims to encourage timely compliance with tax laws and ensures that all taxable persons and certain exempt entities, such as qualifying public benefit entities and qualifying investment funds, obtain their Tax Registration Number (TRN) on time. 𝐊𝐞𝐲 𝐏𝐨𝐢𝐧𝐭𝐬 𝐭𝐨 𝐍𝐨𝐭𝐞: · 𝐴𝑝𝑝𝑙𝑖𝑒𝑠 𝑡𝑜 𝑎𝑙𝑙 𝑇𝑎𝑥𝑎𝑏𝑙𝑒 𝑃𝑒𝑟𝑠𝑜𝑛𝑠 𝑠𝑢𝑏𝑗𝑒𝑐𝑡 𝑡𝑜 𝐶𝑜𝑟𝑝𝑜𝑟𝑎𝑡𝑒 𝑇𝑎𝑥, 𝑖𝑛𝑐𝑙𝑢𝑑𝑖𝑛𝑔 𝑟𝑒𝑠𝑖𝑑𝑒𝑛𝑡 𝑎𝑛𝑑 𝑛𝑜𝑛-𝑟𝑒𝑠𝑖𝑑𝑒𝑛𝑡 𝑗𝑢𝑟𝑖𝑑𝑖𝑐𝑎𝑙 𝑎𝑛𝑑 𝑛𝑎𝑡𝑢𝑟𝑎𝑙 𝑝𝑒𝑟𝑠𝑜𝑛𝑠. · 𝐵𝑢𝑠𝑖𝑛𝑒𝑠𝑠𝑒𝑠 𝑤𝑖𝑡ℎ 𝑚𝑢𝑙𝑡𝑖𝑝𝑙𝑒 𝑙𝑖𝑐𝑒𝑛𝑠𝑒𝑠 𝑚𝑢𝑠𝑡 𝑟𝑒𝑔𝑖𝑠𝑡𝑒𝑟 𝑏𝑎𝑠𝑒𝑑 𝑜𝑛 𝑡ℎ𝑒 𝑙𝑖𝑐𝑒𝑛𝑠𝑒 𝑤𝑖𝑡ℎ 𝑡ℎ𝑒 𝑒𝑎𝑟𝑙𝑖𝑒𝑠𝑡 𝑖𝑠𝑠𝑢𝑎𝑛𝑐𝑒 𝑑𝑎𝑡𝑒. · 𝐹𝑜𝑟 𝑁𝑒𝑤 𝐿𝑖𝑐𝑒𝑛𝑠𝑒𝑠 (𝐼𝑛𝑐𝑜𝑟𝑝𝑜𝑟𝑎𝑡𝑒𝑑 𝑀𝑎𝑟𝑐ℎ 1𝑠𝑡, 2024, 𝑜𝑛𝑤𝑎𝑟𝑑𝑠), 𝑡ℎ𝑒 𝑟𝑒𝑔𝑖𝑠𝑡𝑟𝑎𝑡𝑖𝑜𝑛 𝑑𝑒𝑎𝑑𝑙𝑖𝑛𝑒 𝑚𝑖𝑔ℎ𝑡 𝑓𝑎𝑙𝑙 𝑏𝑒𝑓𝑜𝑟𝑒 𝐽𝑢𝑛𝑒 30𝑡ℎ, 𝑎𝑠 𝑡ℎ𝑒 𝑑𝑒𝑎𝑑𝑙𝑖𝑛𝑒 𝑓𝑜𝑟 𝑛𝑒𝑤 𝑙𝑖𝑐𝑒𝑛𝑠𝑒𝑒𝑠 𝑖𝑠 3 𝑚𝑜𝑛𝑡ℎ𝑠 𝑓𝑟𝑜𝑚 𝑡ℎ𝑒 𝑑𝑎𝑡𝑒 𝑦𝑜𝑢𝑟 𝑙𝑖𝑐𝑒𝑛𝑠𝑒 𝑤𝑎𝑠 𝑖𝑠𝑠𝑢𝑒𝑑.  𝐒𝐭𝐢𝐜𝐤 𝐭𝐨 𝐭𝐡𝐞 𝐝𝐞𝐚𝐝𝐥𝐢𝐧𝐞, 𝐒𝐭𝐚𝐲 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐭 𝐚𝐧𝐝 𝐀𝐯𝐨𝐢𝐝 𝐩𝐞𝐧𝐚𝐥𝐭𝐢𝐞𝐬! #Corporate_Tax #March #Tax #FTA #AbuDhabi #Dubai #UAE