Dubai

Standard Chartered UAE – We Love to Entertain you

(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 federation. In the beginning of this month, the mass mails went to delivery. Our recommendation to Corporate and Private Customers at that time was to close their accounts before […]

Europeans abroad beware! Inheritance Laws will be EU-regulated from 2015.

(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 background is concerned. The main changes with validity for successions from 17/08/2015 – an overview. On 17/08/2012 already, the new European Inheritance Regulation (Regulation EU No. 650/2012) entered into force across the […]

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 […]

New Compliance Regime in DMCC – Unreasonably

(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 Zone Authority hands out a “DMCC Inspection Form” to its clients. Since its establishment in 2002, the former Duplex Free Zone DMCC (Dubai Multi Commodities Centre) […]

Property Betterment

Property Betterment for Landlords in Dubai   Property Owners & Landlords in Dubai are facing various problems in this emerging, virulent and transient market with Frequently changing Rules & Legislation on Emirate/Federal Level Incongruent Tenant Protection efforts of the Government Incompetent (if not even silly) Agents & Advisors – with poor, even no Law Knowledge […]

RISE by Emirates NBD – Truth and Reality

(Dubai, 13/04/2014) With effect 01/05/2014, Emirates NBD massively increases the required Minimum Balances for its Business Banking Clients. Emirates NBD, one of UAE's leading local banks frequently creates massive attention with its Marketing Campaigns, like: RISE – The Power of Small to shape the Future ("Celebrating the Spirit of Entrepeneurship") TRUTH . . . and […]

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 […]

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 […]

National Day 2012 – Congratulations, UAE!

(Dubai, 01/12/2012) Tomorrow marks the 41st anniversary of the foundation of the Federation of the United Arab Emirates. Together with many others, we are happy about all the success, achieved in such a short time in this country – and hope for an ongoing well, steady and especially sustainable development.

Remittance Volume from UAE to China surges

(30/08/2012, Dubai) Money sent home by Chinese companies from the Middle East surged seven-fold in the first six months of the year, underscoring the deepening relationship between the UAE and the world's second-largest economy. The data came from Industrial and Commercial Bank of China (ICBC) Middle East, as its profits doubled in the region. The […]

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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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