Ik Business Consultant

May 1, 2025

The Rise of Lab-Grown Diamonds in the UAE: A New Era in Jewelry

The UAE has always been known for luxury, especially in the jewelry market. But now, a new trend is shaking things up — lab-grown diamonds. These diamonds look just like natural ones but are made in labs. They’re ethical, affordable, and eco-friendly — and they’re becoming very popular in places like Dubai and Abu Dhabi. …

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Navigating the UAE’s Domestic Minimum Top-Up Tax (DMTT): What Multinationals Need to Know

The United Arab Emirates (UAE) has taken a significant step toward global tax compliance by introducing the Domestic Minimum Top-Up Tax (DMTT). Effective for fiscal years beginning on or after 1 June 2024, the DMTT ensures that multinational enterprise groups (MNEs) operating in the UAE pay a minimum effective tax rate of 15%—aligning with the …

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