Tax

The role of a legal advisor in Dubai

The role of a legal advisor in Dubai: Ensuring compliance and fostering business success

Legal advisor, Tax, UAE / By

In the competitive and intricate business environment of Dubai, the function of a legal advisor becomes pivotal in ensuring both compliance with the rigorous regulatory landscape and in facilitating corporate success. The importance of legal expertise cannot be understated in a region that blends international business practices with local customs and laws. Here’s a closer […]

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Why self-employed persons cannot benefit from the Beckham Law

Spain, Tax / By

1. Introduction The Spanish impatriate special tax regime, also known as the Beckham Law, is Spain’s best tax incentive for expats. It has played a pivotal role in attracting thousands of dynamic people into the country since its introduction in 2004, which in turn has helped to improve and internationalise its economy. A natural person

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Spain introduces a great tax incentive for expats under the Mbappé Law

Spain, Tax / By

1. Introduction On 28 November 2024, the Madrid regional Parliament enacted Law No. 4/2024, which creates a new significant tax incentive for those natural persons who relocate from outside of Spain to Madrid. Since this tax incentive was first announced when Real Madrid Football Club hired the renowned player Kylian Mbappé, people commonly refer to

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Why obtaining a tax residency certificate is not sufficient to secure your tax residency

Spain, Tax / By

I. Summary It is a common misconception to assume that when an individual relocates to a new country, obtaining a tax residency certificate issued by the new country of tax residence automatically grants tax non-resident status in any other country, including in the previous country of tax residence. This is far from true. In this

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Why the UAE is an excellent country to set up a personal holding company

Tax, UAE / By

I. Introduction The United Arab Emirates (“UAE”) has traditionally ranked among the top countries where high net worth and ultra-high net worth individuals relocate. However, since the 2020 pandemic and the rise of remote work, there has also been an influx of entrepreneurs, freelancers and other business minded people. It is common for prosperous individuals

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Foreign investors and nominee arrangements in Saudi Arabia

Saudi Arabia, Tax / By / ,

I. Introduction Foreign investors seeking to expand their activities and business into the Kingdom of Saudi Arabia (“KSA”) tend to focus on studying the market and the investment opportunities. However, the regulatory requirements are considered a major aspect when investing in the KSA and should be considered as well. A company willing to enter the

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Five key points when being subject to a cross-border tax procedure

Tax, UAE / By

I. Introduction The world is becoming more globalised than ever. There has never been such level of international trade and investment. With international transactions in full upswing, cross-border tax procedures and cooperation between tax authorities are on the rise. In this article we list five key points that companies should consider if they are subject

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An overview of the amendments to Zakat in Saudi Arabia

Saudi Arabia, Tax / By

An overview of the amendments to the Zakat Collection Regulations for the year 1445 AH The legislative developments regarding the provisions for collecting zakat follow an accelerated pace, in a consistent manner with the changes in the other laws in the Kingdom of Saudi Arabia, such as the companies and investment laws, accounting standards, tax

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Spanish tax on large fortunes and impatriates under the Beckham Law

Spain, Tax / By

Introduction NAX Law secured and important tax ruling from the Spanish General Directorate of Taxation (“GDT”), regarding the interaction between the Spanish tax on large fortunes (“TLF”) and the impatriates regime, also known as Beckham Law. In this article we uncover the details. The impatriates regime Spain introduced the impatriates regime in 2003, at the

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