ValueUp – Trustees

UAE 12th most competitive nation globally, moves up 7 places in World Economic Forum Ranking

(Dubai, 04/09/2014) This week the World Economic Forum (WEF) published the results of its annual Global Competitiveness Report (GCR) 2014-2015 with impressive rankings for the United Arab Emirates (UAE). In the actual GCR, the UAE advanced a fulminant 7 places in the overall competitiveness of its economy within just one year. UAE became now the […]

FATCA – UAE on proper path to sign as well

(Dubai, 08/09/2013) According to various publications and press releases of the UAE Central Bank, the bi-lateral signing of Foreign Accounts Tax Compliance Act (FATCA) between the U.S. and UAE can be expected before the end of 2013. The Governor of the UAE Central Bank, H.E. Sultan Bin Nasser Al Suwaidi, stressed already in March 2013 […]

DFSA Signs 26 Agreements with EU Regulators

(Dubai, 08/09/2013) In July 2013, the Dubai Financial Services Authority (DFSA) as independent financial services regulator for the Dubai International Financial Centre (DIFC) announced the signing of a total of 26 supervisory co-operation agreements with EU & EEA securities regulators. Continuous collaboration with international regulators has been at the forefront of the Dubai Financial Services […]

FATCA: Malta And US Conclude FATCA Negotiations

(Monaco, 22/07/2013) Malta and the US have concluded negotiations concerning an Intergovernmental Agreement (IGA) in relation to US FATCA regulations (FATCA). FATCA was enacted in 2010 by the US Congress as part of the Hiring Incentives to Restore Employment (HIRE) Act. FATCA requires non-US financial institutions to report to the US Internal Revenue Service (IRS) […]

UAE & Germany: The new DTAA and taxation addition – be increased cautious with UAE subsidiaries

(Dubai, 22/07/2013) Even two years after the new double taxation avoidance agreement (DTAA) between Germany and the United Arab Emirates (UAE) – ratified on May 6, 2011 – came into force with effect from January 1, 2009, frustration and insecurity amongst businessmen and taxpayers are still high with view to the change from an exemption […]

Happy New Year 2013

(Dubai, 31/12/2013) Whatever the future brings us, we definitely wish you all the best for the next year and try to guarantee it, as far as it will be possible for us. The whole team of MCI CLT  

Season’s Greetings

(Dubai, 21/12/2012)   Dear Friends, a fast and thrilling year is on its way to history. We even remember the change to 2012, as if it would have been last week. Time to lean back, reflect and breathe a little bit in these fast times. Which leads automatically to thinking about and having in mind […]

UK Property Taxes Update

(Dubai, 16/12/2012) The UK, and in particular London, has become a safe haven for foreigners in recent years, many of who – especially from Middle East / GCC Countries – have invested in expensive central London real estate. Please find below an update on the taxation of UK properties.   Annual Residential Property Tax, Capital […]

Panama: Adopting the Euro?

(Dubai, 25/10/2012) Panama is mulling the introduction of the Euro as a second alternative legal currency, in addition to the US dollar, to boost the nation's ties with Europe and reduce the economy's exposure to US fiscal policy. The proposal, voiced during a press conference between Panama's President Ricardo Martinelli and German Chancellor Angela Merkel, […]

The new Hong Kong Company Ordinance

Hong Kong fully rewrites its Companies Ordinance (Chapter 32 of the Laws of Hong Kong) with the aim to enhance corporate governance, ensure better regulation, facilitate business and modernize its company law. The new Companies Ordinance is expected to commence operation in 2014. Meanwhile, over ten regulations will have to be made to facilitate implementation […]


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New articles

\r\n (Dubai, 20/10/2014) In August 2014 already, the “so much to UAE committed” foreign bank Standard Chartered announced to exit parts of its SME business in the federat...
\r\n (Dubai & Berlin, 30/09/2014) The increasing “European-ization” of all areas will now also make no longer halt before inheritance. At least, once international ba...
\r\n (Dubai, 04/09/2014) This week the World Economic Forum (WEF) published the results of its annual Global Competitiveness Report (GCR) 2014-2015 with impressive rankings for the U...
\r\n (Dubai, 30/08/2014) Since June/July this year, licensees of Dubai’s DMCC start to rub their eyes when it comes to their annual license renewal. Out of the blue, the Free Z...
\r\n (Dubai, 08/08/2014) MCI offers actually several Shelf Companies, aged between 2yrs, 10mths and 6yrs, 1mth - as per August 2014.\r\n\r\n\r\n\r\n \r\n \r\n \r\n DESCRIPTION\r\n \r\n \r\n ...
\r\n (Hong Kong, 2014-07-27) This month, the first revision of Shanghai Free Trade Zone’s (FTZ) Negative List took place.\r\n\r\n\r\n\r\n Shanghai Free Trade Zone (FTZ) was launched in...
\r\n (Dubai, 14/07/2014) The UAE Ministry of Labour (MOL) has announced that it will stop the usage of the old plastic labour cards & paper contracts starting from July 13, 2014....
\r\n (Hong Kong, 25-06-2014) We found a very interesting BBC documentary about China's debt policy and situation from February 2014, critical as well (of course). But watch yours...
\r\n (Dubai, 13/04/2014) With effect 01/05/2014, Emirates NBD massively increases the required Minimum Balances for its Business Banking Clients.\r\n\r\n\r\n\r\n Emirates NBD, one of UAE'...
\r\n (Dubai, 26/03/2014) Finally, Virtual Currency (VC) Tax Rules - including the most popular, Bitcoin - came to the US on March 25! Several insiders predicted that the government w...