FT has learned about the UAE's intention to extend expats' tax status

The United Arab Emirates (UAE) will extend the tax status of expats who fled the country from the war in the Middle East. The Financial Times (FT) newspaper wrote about this on March 18.

"Recent events have already damaged Dubai's attractiveness as a city in terms of safety and security. It is extremely important for the economy and the image of the city to retain these expats," Elsa Littlewood, partner in tax law at BDO, quotes the FT.

The newspaper writes that foreign residents can extend their stay abroad, during which the preferential tax status is not lost. It is noted that this measure may be of great importance for Dubai, as this city attracts entrepreneurs with a zero income tax rate.

Dubai shock: deliveries of cars from the UAE to Russia stopped

How will the conflict in the Middle East affect the Russian car market

Russian Consul General in Dubai Maxim Vladimirov said on March 17 that Russians who are forced to stay in the United Arab Emirates (UAE) due to the conflict in the Middle East are mostly sympathetic to the problems with hotel accommodation, but some openly express their dissatisfaction.

On March 4, Russian President Vladimir Putin ordered the removal of Russian citizens from the Middle East due to the worsening situation in the region. The head of the Ministry of Economic Development, Maxim Reshetnikov, reported that since February 28, the airspace of 10 states has been closed, and more than 250 flights connected with Russia have been canceled. At the time of the outbreak of the conflict, there were 23.5 thousand organized tourists from the Russian Federation in the region, more than 90% of them in the UAE.

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