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They will have to pay 20% tax.

Saudi Ready To Give Expat Freelancers A Chance If They Pay A Tax

The Saudi Arabian government is likely to give expatriates an opportunity to opt for self-employment.It is considering a proposal which would allow foreigners to register as self-employed by paying an estimated tax... (contd.)
"All money is a matter of belief."

Want To Be Rich? Change Your ‘Money Story’

Adam Smith, known as the father of modern economics, once said, "All money is a matter of belief."Author Steve Siebold interviewed hundreds of millionaires and discovered: "Getting rich begins with the way... (contd.)
But tax income fell 4.9% in 2015.

Not The VAT: Arab Governments Raked In $810 Billion In Taxes From 2011 To 2015

The Arab world generated revenues worth around $810 billion through different taxes from 2011 to 2015, according to Arab Monetary Fund (AMF).According to the AMF, tax revenues decreased by 4.9% in 2015... (contd.)
UAE to charge 5% VAT on businesses

UAE To Impose 5% VAT On Private Businesses Making More Than Dhs375,000 Annually

UAE government’s Federal National Council (FNC) has approved a draft law that requires business owners and landlords to pay a 5% value-added tax (VAT) starting January 2018.According to the new law, private... (contd.)
This will reduce risks for banks and enhance lending, says expert.

What If The UAE Government Guaranteed SME Loans?

The UAE government should offer guarantees on loans to small and medium-sized enterprises (SMEs) to reduce the risk for banks, according to as senior banker.In order to encourage lenders to work with... (contd.)
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The startup will use funds to build team.

Dubai-based Virtual Reality Startup Raises Funds To Step Up Its Game

Dubai-based virtual reality startup 360VUZ has raised an undisclosed amount in a venture capital funding round led by Dubai Silicon Oasis Authority, a statement said.Several angel investors, including media personnel and businesspeople,... (contd.)
Small businesses survive because the owners are in their businesses 24/7 and so are good at knowing what their customers want and giving it to them.

3 Financial Ratios That All Successful Small Business Owners Need To Track

What are the top three financial ratios that small business owners could benefit from tracking? originally appeared on Quora - the place to gain and share knowledge, empowering people to learn from... (contd.)
Red tape is typing UAE SMEs' hands behind their backs

Could UAE’s Anti-Money Laundering Laws Be Hurting SMEs?

Anti-money laundering regulations implemented by UAE banks have been making it difficult for small and medium-sized businesses (SMEs) to get access to debt, according to KPMG.SMEs have been struggling to get financing... (contd.)

UAE’s CarSwitch.com Raises A Cool $1.3 million

CarSwitch.com, one of the UAE’s marketplaces for certified used cars, has secured $1.3 million investment from Glowfish Capital, an early stage incubator, it said in a statement."The investment demonstrates that the emirate... (contd.)
They're now looking to expand across MENA, Europe and the US

This Turkish Modest Fashion Site Just Got Funded

Turkey-based modest fashion site Modanisa has raised un undisclosed amount in its fourth round of funding. The round was led by Dubai-based venture capital firm Wamda Capital. STC Ventures, which led a $5.5... (contd.)
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