Free Zone

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) […]

August 2014 – Shelf Companies for Sale

(Dubai, 08/08/2014) MCI offers actually several Shelf Companies, aged between 2yrs, 10mths and 6yrs, 1mth – as per August 2014. DESCRIPTION PRICE FOLLOW YRS Offshore LTD (RAKIA, UAE), 6Y/01M 9,500 USD 3,350 USD Offshore LTD (RAKIA, UAE), 5Y/09M 7,500 USD 3,350 USD Offshore LTD (RAKIA, UAE), 3Y/09M 6,750 USD 3,350 USD Free Zone LLC (RAKIA, […]

Shanghai FTZ Revised Its Negative List: From 190 Entries down to 139!

(Hong Kong, 2014-07-27) This month, the first revision of Shanghai Free Trade Zone’s (FTZ) Negative List took place. Shanghai Free Trade Zone (FTZ) was launched in September 2013 with a very successful start and a unique instrument called “Negative List” which has been adopted as innovative approach for foreign investments (FI) in the FTZ. The […]

DMCC sees 60% Growth in H1

(08/08/2012, Dubai) The Dubai Multi Commodities Centre Authority, the licensing authority for the Jumeirah Lakes Towers Free Zone, has seen a 60 percent growth in new companies in the first half of 2012 compared to the same period last year. In the first six months of the year, DMCC registered 975 new companies, bringing the […]

RAKIA Free Zone – Investor Sustainability an Alien Term?

(06/08/2012, Dubai) It's already since longer time a medium sized imposition, to deal with RAK Investment Authority – at least when it comes to licenses in the Free Trade Zone. Again and again, absolute standard processes are being counteracted, regulations and processes being changed overnight – or any Mufti had again some flatulence and he […]

UAE raises cash limit for travellers to AED 100,000

(01/09/2011) Travellers entering or leaving the UAE can now carry up to AED 100,000 in undeclared cash under a new ruling that came into effect today. The regulation, announced in June, marked the first time the UAE had placed a limit on the amount of money that could be brought into the country, in a […]

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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