The UAE has reduced the validity of residency visas for free zones from three years to up to two years.
Individual free zones have been updating their clients via circulars about the new rule that's effective from October 3.
It said all residence visas that are currently under process will reflect the new validity.
Meanwhile, residence visas that have already been issued will remain valid for the three-year time frame until renewal.
New tax programme for government employees
Dubai Finance (DOF) and PwC Academy, the talent and skills development arm of PwC Middle East, have announced a strategic partnership to introduce a new Tax Professional Certificate aimed at tax professionals working within Dubai’s government entities.
Russia is using bitcoin in foreign trade, finance minister says
Russian companies have begun using bitcoin and other digital currencies in international payments following legislative changes that allowed such use in order to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday.
ADFD adds AED147M to Maldives airport project
The Abu Dhabi Fund for Development (ADFD) has announced an additional loan of AED 147 million ($40 million) to complete the financing of the Velana International Airport development project in the Maldives.
Iran lifts ban on WhatsApp and Google Play
Iranian authorities have lifted a ban on Meta's instant messaging platform WhatsApp and Google Play as a first step to scale back internet restrictions, Iranian state media reported on Tuesday.
Kuwait approves 15% Tax on multinational entities
Kuwait's Council of Ministers has approved a new tax measure that will impose a 15% tax on multinational entities, effective January 1 of next year.
