On November 7th the Executive Regulation for the Federal Decree-Law No. (8) of 2017 on Value Added Tax was approved. This regulation is particularly important as it explains how free zone companies will be subject to the tax.
The imperative for the UK to boost exports and rebalance our significant trade deficit is well known. Government schemes that support export growth are more important now, than at any time in recent history.
India is one of the fastest growing economies, spending billions on Infastructure, and is the world's second most popular market. It has an unrivaled youth demographic with 65% of it's population 35 or under. Half of the countries population of 1.25 billion people is under 25 years of age.
On 4 June 2017 Saudi Arabia, United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar. This led to closures affecting road, air and sea routes between these countries and Qatar. As of 6 June 2017, the land border between Qatar and Saudi Arabia was closed.
The UAE and other GCC countries are on the verge of executing the biggest fiscal programme in the region’s history, with the implementation of Value Added Tax across the bloc on 1st January 2018.
Brazil is simply too big a market to ignore. It is the fifth-largest country in the world, with a population of approximately 190 million. It has one of the world’s most rapidly developing economies and a GDP per head that is greater than either India or China. It has natural resources in abundance, a developed industrial base, high standards in scientific research and substantial human capital.
The Kingdom of Saudi Arabia lies between the Red Sea and the Arabian Gulf and has a land mass about the size of Western Europe. It contains the world's largest continuous sand desert, known as the Empty Quarter, and it is the biggest and most dominant country of the Arabian Peninsula.
The Republic of Ireland (ROI) covers an area of about 70,000 sq kms, with 26 counties occupying five-sixths of the island of Ireland in the North Atlantic Ocean, west of Great Britain in the extreme north-west of the European continent, and on major air and sea routes between North America and northern Europe.
The United Arab Emirates (UAE) is a country located in the Arabian Gulf, bordered by Saudi Arabia and Oman. Because it is located in the centre of the Gulf countries, Indian Sub-Continent, Commonwealth of Independent States (CIS) and Africa, the UAE enjoys a strategic position that allows it to present unlimited opportunities across a wide range of sectors.
The BCFA organises a programme of export initiatives, in particular participation at a range of trade fairs in the design and interiors sector. These events are organised with support from UK Trade and Investment (UKTI) under the Tradeshow Access Programme scheme which provides grants for eligible companies taking part in the co-ordinated British group, or independently through their own stand in another part of the exhibition.