Dubai: The UAE has officially issued a federal decree-law on corporate tax at a nine percent rate for taxable business profits exceeding AED375,000 (approx. 100,000 €). Businesses will become subject to UAE tax from the beginning of their first financial year that starts on or after 1 June 2023. However, existing free zone entities will […]
Dubai: The UAE cabinet, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the executive regulations of the Federal Decree-Law on Entry and Residence of Foreigners aimed at strengthening the UAE position as an ideal destination to live, work, and […]
We are aware that quite some clients have to reorganize their business. Whether relocation existing teams (at least the foreigners) or rebuilding dedicated development teams in a new jurisdiction. We have been in the same, unexpected situation, and suspended our operations in Kiev for an uncertain period. A relocation of your teams is a smooth […]
A black day for Europe and a drama for Ukraine. Russia made exactly the side long anticipated step, invading Ukraine. We are with all Ukrainian people and strongly condemn such actions. Generally, it’s our first rule not to discuss politics or religion with clients, but in such exceptional and unreal circumstances, we cannot stay quiet. […]
The tax authorities in Belarus announced various changes to the SST tax regime (Simplyfied System of Taxation without VAT) in 2021, which came into force in January 2022. The new tax rates are 6% for qualifying work and 16% for non-qualifying work. All types of software development fall under the first category, whereas general services […]
Despite all mediation efforts by the West, political tensions in Ukraine continue to rise. It is to be expected that a military conflict may ensue. But what does this mean for on-site nearshoring teams? Well, nothing good. In such a case, it can be assumed that all communication will be interfered for a certain period. […]
We firmly believe that well-trained employees are one of the key factors for any successful company. Most decision-makers will probably agree with this statement. Due to the shortage of skilled workers, engineers and IT experts are rare and recruiting is a challenging, time-consuming, and costly task. Whether you are looking for developers, network engineers or […]
Due to the ongoing tensions between the EU and Belarus and the associated sanctions, we are regularly asked by customers and interested parties whether it makes sense to stay in Belarus or to look for alternatives. Basically, there are no local restrictions and impairments so far that would necessitate a hasty termination of nearshoring activities […]
It is widely known, the Swiss Economy, mainly the IT sector, banking and insurance as well as industrial sector urgently need specialists in the fields of engineering and IT. Not only larger enterprises feel the shortage of skilled workers; small and medium-sized enterprises (SMEs) in particular are exposed to this latent shortage of skilled workers […]
The German IT industry, and in particular small and medium-sized enterprises (SMEs), see themselves exposed to a latent shortage of skilled workers due to several factors (BMWi, 2012; Destatis, 2019). Problems arise, among other things, from inadequate training but also from legal uncertainty for self-employed IT experts who migrate from Germany as a result (GULP […]
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