Grow your business with an ICV certification in UAE
It is challenging to enter the field of the UAE’s ICV program, given only a very few companies in the UAE are ICV certifying bodies, ZCAA is one of them.
How Digital Wallets Are Revolutionizing Payments in the UAE? Key Trends You Need to Know
Rise of Digital Wallets in the UAE A survey conducted by Checkout.com and YouGov in May 2022 revealed exciting insights into the growing adoption of digital wallets among UAE residents. Key Findings on Digital Wallet Adoption Digital Wallet Usage Surges Over 50% of UAE residents now use digital wallets. This reflects the increasing popularity of online payments in the region, and indicates a significant shift in consumer behavior. Security Takes Center Stage Security remains a top concern for online shoppers. In fact, nearly 40% of residents trust digital wallets as much as banks. Furthermore, 48% believe digital wallets could drive
UAE To Implement Corporate Income Tax In 2023 – Stepping Into The Mainstream
Many businesses in the UAE have historically enjoyed zero income tax on their profits. This, however, is set to change, with the Ministry of Finance (MOF) announcing on 31 January 2022 that federal corporate income tax (CIT) will be introduced in the UAE. The CIT regime is expected to apply for fiscal years starting on or after 1 June 2023.