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Martin has written 32 posts for MCI CLT GROUP

Striking Change in UAE’s Work Visa Policies

(Dubai, 11/01/2018) The UAE announced this week that, starting 04/02/2018, expat work visa applicants must obtain a Certificate of Good Conduct (and Behavior) from the (home) country/ies where they have legally resided over the last five years. This Certificate has to be duly attested, legalized and super-legalized in the origin country and the UAE. This […]

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 […]

BBC – How China Fooled the World (?)

(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 yourself. The only rough comment we would like to give from our side, avoiding any form of agitation: Most states of the world increase their debt massively for regular […]

Presenting the #1 Financial Haven for Dictators and Criminals

(Dubai, 26/02/2014) Pop quiz: When really nasty criminals and dictators want to hide their illicit gains, which country do they go to? We'll make this easy for you, multiple choice: A) Switzerland B) British Virgin Islands C) Hong Kong With all the drama, history and stigma surrounding Switzerland, most people would choose (A). Yet over […]

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 […]

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 […]

NBAD and ENBD roll out to China

(Hong Kong, 2012-10-11) Two of the UAE's largest banks are leading an expansion drive into China as trade between the two countries continues its rapid growth. The National Bank of Abu Dhabi (NBAD) and Emirates NBD have both launched their first representative offices in China. NBAD, which has the largest international presence among all UAE […]

Dubai: A leading Global Financial Centre?

(08/08/2012, Dubai) The global financial crisis which has become almost pandemic in the last few years has led to a lack of confidence in not only the banking and economic systems which currently operate, but in the financial centres and governments that provide these services and regulate them. The City ofLondon, for example, has come […]

ACI Buyers team up in Legal Bid to revive Celebrity Towers

German investors are hoping to kickstart three celebrity-branded real estate projects in Dubai after pursuing legal action against the developer for what they claim is fraud. The group, which claims to represent more than 3,000 buyers, wants to band together with UAE residents who invested in real estate schemes backed by Alternative Capital Invest (ACI), […]

40 Years UAE

This year's UAE National Day, celebrated at 02/12/2011, will be a special one: It will be the 40th anniversary of the unification of the first 6 and then later 7 former sheikhdomes into the federation United Arab Emirates.   Of course, lots of festivities are planned for this occasion. And – we never saw so […]


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