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RIAA Barker Gillette contributes to IFC Solar Developer’s Guidebook

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RIAA Baker Gillette launches in the Middle East

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Rules for shareholders’ protection fund approved

Islamabad

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CGT on securities increased for non-filers

Karachi

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Non-resident companies: FBR issues separate procedures/conditions

The Federal Board of Revenue (FBR) has made it mandatory for non-resident companies (having no Permanent Establishment in Pakistan) to be registered to provide tax registration or incorporation document from relevant regulatory authorities of the foreign country.

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E-2 visa update

Law Firm wins approval of non-immigrant E-2 status for Korean business investor

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Insight

Tax Challenges Faced by Pakistani Governments

Increasing tax revenues has proven to be a significant challenge for recent Pakistani governments. The stagnation of the tax to GDP ratio to around 10 percent has widely been attributed to a host of inter-connected factors including weak enforcement, fragmented revenue administrations, low compliance by taxpayers, generous and distortionary exemptions and concessions to entire sectors of the economy and narrow tax bases.

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Islamic Finance in the DIFC

Overview: Dubai Financial Services Authority - Islamic Finance

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DIFC Representative Office – Regulated by the DFSA

Overview: Dubai International Financial Centre - Representative Office

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DIFC Authorised Firm – Regulated by the Dubai Financial Services Authority

Overview: Dubai International Financial Centre - Authorised Firm

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Doing Business in the Dubai International Financial Centre (DIFC)

The DIFC is the free zone in Dubai dedicated to financial services and professional services.

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Doing Business in Dubai

SETUP OPTIONS IN DUBAI – LIMITED LIABILITY COMPANY The LLC is the most popular onshore structure throughout the UAE. 51% of the share capital must be held by a UAE national or a company wholly owned by UAE nationals. Although not officially sanctioned by law, common practice for foreigners setting up LLCs is to enter […]

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