Latest news with #QIF
Business Upturn
2 days ago
- Business
- Business Upturn
Capvidia brings MBD for Suppliers with browser-based 3D human-viewable models linked to QIF/STEP
Business Wire India Capvidia, a global leader in Model-Based Definition (MBD) and Model-Based Enterprise (MBE) software, announced a major milestone for MBDVidia: 3D human-viewable HTML models synchronized with QIF and STEP AP242. The result is OEM MBD that suppliers can use anywhere with no CAD required. This press release features multimedia. View the full release here: Capvidia brings MBD for Suppliers with browser-based 3D human-viewable models linked to QIF/STEP How it works: MBDVidia publishes standards-based QIF/STEP from native CAD (Creo, CATIA, SOLIDWORKS, Autodesk, etc.) and now generates a linked HTML viewable (and PDF). Any browser can open the interactive 3D model and PMI, giving procurement, manufacturing, quality, and the shop floor a shared, authoritative view in a user-friendly way. Why it matters for Suppliers: No CAD seats: Open interactive 3D + PMI in any modern browser. Faster RFQs: See features, GD&T, and tolerances in 3D to quote accurately. Fewer errors: Viewable is linked to QIF/STEP and native CAD—preserves intent. Bill of Characteristics click-through: Jump from each characteristic to the exact PMI on the model. Shop-floor friendly: Zoom, section, filter PMI; run on tablets or kiosks. Quality ready: Linked QIF speeds FAI/PPAP and audit-ready traceability. Clear changes: Model-to-characteristic traceability improves ECO handling. Start 2D → scale 3D: Use HTML as a low-friction on-ramp from PDFs. 'Capvidia is about simplifying collaboration between OEMs and suppliers,' said Tomasz Luniewski, CEO of Capvidia. 'By pairing standards-based QIF/STEP with an interactive browser view, we make MBD universally accessible so quoting, programming, and quality teams can move faster with fewer mistakes.' Learn more: MBDVidia at Get MBD ready: Request a demo at About Capvidia Capvidia is the global authority on MBD/MBE. We make the 3D model the single source of truth, auto-generating PMI and characteristics to eliminate manual ballooning and automate workflows from design through quality. Built on open standards (QIF, STEP AP242) and native CAD, our software delivers true interoperability across CAD, CAM, CMM, and PLM—without loss of intent. The result is a complete, auditable, traceable digital thread linking every requirement to real-world results across OEMs and suppliers. Trusted by leading aerospace, defense, medical-device, and industrial manufacturers, Capvidia helps teams move faster, prove conformance, and collaborate with confidence. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash
Business Wire
2 days ago
- Business
- Business Wire
Capvidia brings MBD for Suppliers with browser-based 3D human-viewable models linked to QIF/STEP
CHICAGO--(BUSINESS WIRE)-- Capvidia, a global leader in Model-Based Definition (MBD) and Model-Based Enterprise (MBE) software, announced a major milestone for MBDVidia: 3D human-viewable HTML models synchronized with QIF and STEP AP242. The result is OEM MBD that suppliers can use anywhere with no CAD required. How it works: MBDVidia publishes standards-based QIF/STEP from native CAD (Creo, CATIA, SOLIDWORKS, Autodesk, etc.) and now generates a linked HTML viewable (and PDF). Any browser can open the interactive 3D model and PMI, giving procurement, manufacturing, quality, and the shop floor a shared, authoritative view in a user-friendly way. Why it matters for Suppliers: No CAD seats: Open interactive 3D + PMI in any modern browser. Faster RFQs: See features, GD&T, and tolerances in 3D to quote accurately. Fewer errors: Viewable is linked to QIF/STEP and native CAD—preserves intent. Bill of Characteristics click-through: Jump from each characteristic to the exact PMI on the model. Shop-floor friendly: Zoom, section, filter PMI; run on tablets or kiosks. Quality ready: Linked QIF speeds FAI/PPAP and audit-ready traceability. Clear changes: Model-to-characteristic traceability improves ECO handling. Start 2D → scale 3D: Use HTML as a low-friction on-ramp from PDFs. 'Capvidia is about simplifying collaboration between OEMs and suppliers,' said Tomasz Luniewski, CEO of Capvidia. 'By pairing standards-based QIF/STEP with an interactive browser view, we make MBD universally accessible so quoting, programming, and quality teams can move faster with fewer mistakes.' Learn more: MBDVidia at Get MBD ready: Request a demo at About Capvidia Capvidia is the global authority on MBD/MBE. We make the 3D model the single source of truth, auto-generating PMI and characteristics to eliminate manual ballooning and automate workflows from design through quality. Built on open standards (QIF, STEP AP242) and native CAD, our software delivers true interoperability across CAD, CAM, CMM, and PLM—without loss of intent. The result is a complete, auditable, traceable digital thread linking every requirement to real-world results across OEMs and suppliers. Trusted by leading aerospace, defense, medical-device, and industrial manufacturers, Capvidia helps teams move faster, prove conformance, and collaborate with confidence.
National Post
10-06-2025
- Business
- National Post
Capvidia Expands Model-Based Definition (MBD) Interoperability with QIF-Enabled NX Software
Article content HOUSTON — Capvidia, a pioneer in Model-Based Definition (MBD) and digital interoperability, announces full integration support for the latest Siemens' NX™ software release. This significant advancement enhances the enablement of Model-Based Characteristics (MBC) via the QIF standard, reinforcing the digital thread from design to quality and manufacturing across OEMs and their global supply chains. Article content With this release, Siemens' NX software becomes the first major CAD platform to natively support intelligent PMI ballooning and Model-Based Characteristics using QIF. Article content With this release, Siemens' NX software becomes the first major CAD platform to natively support intelligent PMI ballooning and Model-Based Characteristics using QIF. As the only CAD-neutral standard designed for end-to-end digital metrology and quality workflows, this integration represents a groundbreaking development in the industry. Article content Capvidia's flagship solution, MBDVidia, fully supports this advancement with bidirectional interoperability. Model data exported from NX via QIF can be validated, enriched, and returned, facilitating true closed-loop feedback between design, quality, and manufacturing. Article content 'Capvidia has been instrumental in shaping QIF adoption across industries. With MBDVidia, we provide the trusted backbone for verifying and exchanging model-based data between CAD, CMM, and PLM systems,' said Tomasz Luniewski, CEO of Capvidia. 'The integration between NX and MBDVidia is the first step of fully realizing the end-to-end automation and traceability from design to manufacturing.' Article content Key Benefits of the NX–MBDVidia Integration: Article content Downstream Automation: MBDVidia automates inspection planning, First Article Inspection (FAI) reports, and metrology workflows using NX-generated QIF data—reducing manual rework and setup time. Upstream Intelligence: MBDVidia sends validated and enriched QIF data back into NX to improve product quality and enable design-for-inspection. Cross-CAD Interoperability: MBDVidia supports native MBD across Siemens' NX, PTC Creo, SOLIDWORKS, and Autodesk Inventor—ensuring full compatibility across design, quality, and manufacturing systems. Article content By aligning with QIF and supporting model-based characteristics, Siemens' and Capvidia jointly enable manufacturers to reduce errors, eliminate redundant effort, and accelerate their transition to the Model-Based Enterprise (MBE). Article content To learn more about how Capvidia is enabling model-based collaboration at scale, visit To learn more about NX, visit About Capvidia Capvidia is a global leader in Model-Based Definition (MBD) and Model-Based Enterprise (MBE) solutions, specializing in CAD translation, validation, and digital product definition. With a strong focus on interoperability and standards compliance, Capvidia empowers engineering and manufacturing organizations to improve data accuracy, streamline workflows, and drive digital transformation. Trusted by leading OEMs and suppliers worldwide, Capvidia continues to push the boundaries of MBD innovation. Article content Article content Article content Article content Article content Article content
Business Wire
10-06-2025
- Business
- Business Wire
Capvidia Expands Model-Based Definition (MBD) Interoperability with QIF-Enabled NX Software
HOUSTON--(BUSINESS WIRE)--Capvidia, a pioneer in Model-Based Definition (MBD) and digital interoperability, announces full integration support for the latest Siemens' NX™ software release. This significant advancement enhances the enablement of Model-Based Characteristics (MBC) via the QIF standard, reinforcing the digital thread from design to quality and manufacturing across OEMs and their global supply chains. With this release, Siemens' NX software becomes the first major CAD platform to natively support intelligent PMI ballooning and Model-Based Characteristics using QIF. Share With this release, Siemens' NX software becomes the first major CAD platform to natively support intelligent PMI ballooning and Model-Based Characteristics using QIF. As the only CAD-neutral standard designed for end-to-end digital metrology and quality workflows, this integration represents a groundbreaking development in the industry. Capvidia's flagship solution, MBDVidia, fully supports this advancement with bidirectional interoperability. Model data exported from NX via QIF can be validated, enriched, and returned, facilitating true closed-loop feedback between design, quality, and manufacturing. 'Capvidia has been instrumental in shaping QIF adoption across industries. With MBDVidia, we provide the trusted backbone for verifying and exchanging model-based data between CAD, CMM, and PLM systems,' said Tomasz Luniewski, CEO of Capvidia. 'The integration between NX and MBDVidia is the first step of fully realizing the end-to-end automation and traceability from design to manufacturing.' Key Benefits of the NX–MBDVidia Integration: Downstream Automation: MBDVidia automates inspection planning, First Article Inspection (FAI) reports, and metrology workflows using NX-generated QIF data—reducing manual rework and setup time. Upstream Intelligence: MBDVidia sends validated and enriched QIF data back into NX to improve product quality and enable design-for-inspection. Cross-CAD Interoperability: MBDVidia supports native MBD across Siemens' NX, PTC Creo, SOLIDWORKS, and Autodesk Inventor—ensuring full compatibility across design, quality, and manufacturing systems. By aligning with QIF and supporting model-based characteristics, Siemens' and Capvidia jointly enable manufacturers to reduce errors, eliminate redundant effort, and accelerate their transition to the Model-Based Enterprise (MBE). To learn more about how Capvidia is enabling model-based collaboration at scale, visit To learn more about NX, visit About Capvidia Capvidia is a global leader in Model-Based Definition (MBD) and Model-Based Enterprise (MBE) solutions, specializing in CAD translation, validation, and digital product definition. With a strong focus on interoperability and standards compliance, Capvidia empowers engineering and manufacturing organizations to improve data accuracy, streamline workflows, and drive digital transformation. Trusted by leading OEMs and suppliers worldwide, Capvidia continues to push the boundaries of MBD innovation.
The National
07-04-2025
- Business
- The National
UAE issues corporate tax rules for foreign investors and entities
The UAE has announced rules that will make a non-resident or juridical entity liable to pay corporate tax in the country, as it seeks to remain competitive globally and ease the compliance burden for foreign investors. The Ministry of Finance issued Cabinet Resolution No 35 of 2025 determining the relationship of a non-resident person in the UAE for the purposes of Federal Decree-Law No 47 of 2022, regarding corporate and business tax. The new resolution defines the cases in which a non-resident legal person, who is an investor in a qualifying investment (QIF) fund or a real estate investment trust (Reit), has a link in the UAE and is, therefore, subject to tax. 'The resolution lays out the rules for when non-resident natural or juridical persons are taxable in the UAE,' said David Daly, a partner at the Gulf Tax Accounting Group in the UAE and a columnist for The National. 'The UAE is belatedly handing a three-edged sword to foreign investors. One side is the certainty of this Cabinet decision and general recognition of the requirement to raise tax revenue. The second is balancing that requirement against remaining internationally competitive in what today is an incredibly fluid global marketplace. 'The final side is the floating anchor. From what date does this law apply? If it's June 2023, when corporation tax launched, then the ship has sailed as decisions have long been made. If it's the date the law was issued, then good. There is time to review and reconsider. The bad? How many more of these decisions are coming? And covering what?' The UAE introduced the federal corporate tax with a standard statutory rate of 9 per cent starting from the financial year beginning on or after June 1, 2023. It brought the income of companies exceeding Dh375,000 ($102,100) within the taxable bracket. Taxable profits below that level will be subject to a tax of 0 per cent. The Ministry of Finance also confirmed in 2023 that business owners in the country would be subject to corporate tax only if their turnover in a calendar year exceeds Dh1 million, ensuring that only business or business-related activity income is taxed. The new decision clarifies when a non-resident juridical investor in a QIF or Reit is considered to have a link in the UAE, thus becoming subject to taxation under Federal Decree-Law No 47 of 2022 on the Taxation of Corporations and Businesses. This follows the earlier issuance of Cabinet Decision No 34 of 2025, which focused on QIFs and qualifying limited partnerships. Under the new decision, a link for a non-resident juridical investor in a QIF will arise under two circumstances. If the QIF distributes 80 per cent or more of its income within nine months from the end of its financial year, the link is established on the date of the dividend distribution. Alternatively, the link arises on the date the ownership interest is acquired if the QIF fails to distribute at least 80 per cent of its income within the same period. Additionally, a link will be created if the QIF fails to meet the diversity of ownership conditions during the tax period in which the failure occurs. For Reits, a similar rule applies. A link is established either on the date of the dividend distribution, if 80 per cent or more of income is distributed within nine months from the end of the financial year, or on the date of ownership acquisition if the Reit does not distribute at least 80 per cent of its income within the specified timeframe. Except in the above cases, a non-resident legal person investing in a QIF and/or Reit will no longer have a taxable presence in the UAE, the law stated. Dhruv Tanna, associate vice president at DIFC-based investment and wealth management firm PhillipCapital, said the decision provided 'much-needed clarity' to non-resident investors in QIFs and Reits regarding their potential tax exposure in the UAE under the corporate tax regime. 'By defining the circumstances in which a nexus is created, this decision distinguishes between passive, diversified investments and structures that either concentrate on UAE real estate or lack sufficient distribution or ownership diversity,' he said. 'Specifically, triggering events – such as failure to distribute 80 per cent of income within nine months or breaching diversity thresholds – serve as practical indicators of when a non-resident investor's involvement becomes sufficiently substantial to warrant tax treatment akin to a domestic presence.' Mr Tanna said this approach aligned with international principles of economic substance and demonstrates the UAE's efforts to maintain competitiveness while meeting global tax transparency standards. It also provides assurance that compliant investment vehicles, particularly those used for genuine portfolio diversification, will not be unintentionally caught in the corporate tax net, he explained. 'Furthermore, the decision reduces ambiguity around tax liability timelines by clearly anchoring nexus creation to either the dividend distribution date or the acquisition date, depending on compliance status,' Mr Tanna added. "This is particularly relevant for cross-border tax planning, fund structuring and Reit disclosures. 'Overall, Cabinet Decision No 35 reinforces the UAE's commitment to balancing fiscal responsibility with its reputation as an attractive, low-barrier investment hub – especially for institutional investors seeking certainty and regulatory sophistication.'
