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Foreign Banks in Dubai to Pay 20% Annual Tax Under New Law
Foreign banks operating in Dubai will now be required to pay a 20% annual tax, according to a new law. The legislation applies to all foreign banks in the emirate, including special development zones and…
Gibraltar Moves Back to the ‘Whitelist’ of Internationally Compliant Jurisdictions
Gibraltar has achieved a significant milestone in the realm of international financial compliance. The Financial Action Task Force (FATF), a global authority on anti-money laundering (AML) and counter-terrorism financing (CTF), has officially moved Gibraltar from…
South Africa Announces Plans for Digital Nomad Visa in 2024
South Africa is set to join the ranks of countries offering a digital nomad visa, with plans to launch the program in 2024. President Cyril Ramaphosa recently unveiled details for two new visa categories aimed…
How Do Governments Make Money Without Taxes?
Beyond taxes, discover the innovative strategies governments use to fuel their economies and secure financial autonomy.
FATF Removes UAE from Grey List of Jurisdictions
The UAE’s recent removal from the Financial Action Task Force’s (FATF) ‘grey list’ marks a significant milestone in its efforts to combat financial crimes. Let’s delve into what this means and how it came to…
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