Saudi Arabia has introduced a new white land tax system in Riyadh/Image: File Saudi Arabia has introduced a new white land tax system in Riyadh, setting out four geographic zones with varying fee rates to promote balanced urban growth and curb real estate speculation. The initiative is part of a broader strategy to regulate the […]
If successful, Dubai’s deal with Masdar City could lead to similar property ownership models in other UAE free zones/ Image: File TL;DR Masdar City companies can now own freehold property in Dubai under a new DLD agreement. A digital system will handle registrations, with clear legal and administrative guidelines. This move aligns with Dubai’s Real […]
Dubai’s One Freezone Passport offers 100% foreign ownership, tax exemptions, and fast business setup across all free zones/ Image: Pexels TL;DR Dubai launched the One Freezone Passport allowing companies to operate across all free zones with a single licence. Louis Vuitton is the first company to expand using this initiative, operating in both JAFZA and […]
