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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 […]

Singapore

Business in Singapore   Singapore has attracted various organizations – ranging from the Fortune 500 companies, small and medium enterprises, educational institutions to news bureaus – to form their place in Singapore’s business landscape. Singapore is well known around the world as a multicultural, multi religious and multi-racial harmonious island food paradise. Starting as a […]

Domestic Company

Domestic Company – Freestyle at the Gulf   Basis for companies which shall be established and operated in the UAE domestic (or "mainland"), is Federal Law No. 8 of 1984, "Commercial Companies Law" (CCL), as well – at least for most foreigners negligible – as rules for partnerships in the UAE Civil Code. Opinions differ […]

Free Zone Company

Free Zones – Drivers of the Hub   The institution of Free Trade Zone still exists since over 2,000 years, developed from the idea of Free Ports as Duty-Free or Special Economic Zones. In the ports of Carthage and Tyro, the Phoenicians granted traders tax benefits on goods they could not sell and had to […]

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\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...

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