Banking Liaison

Welcome to the UAE – You have a Travel Ban!

UAE Free Zones started with legal execution of claims There was a very attractive double taxation agreement (DTA) between Germany and the United Arab Emirates (UAE) up to and including 2008, using the so-called exemption method. In other words, in the UAE generated corporate profits of companies with tax duty in Germany were ultimately tax-free. […]

The End of the Bear? Crypto Currency on the Comeback …

(The Hague, 03.06.2019) Coming out of Q1/Q2 of 2019, the crypto currency space is seemingly reigniting the spark it had lost over the bear cycle that began in January 2018. Arguably, this cycle has come to an end, with Bitcoin – ahead of the pack – surging from $ 5,000 to $ 8,600 (at time […]

5. Annual Asian Offshore Forum in HaNoi

(Hanoi, 06.05.2019) From 14.-16. May 2019 it’s time to increase the footprint in Indochina, especially in VietNam. WHY VIETNAM? VietNam is predicted to be the fastest growing APAC market over the next 10 years (Forbes)VietNam’s UHNWI reached 110 in 2013. This number is predicted to reach 293 by the end of the next decade, which […]

Dominica (Caribbean) goes „Onshore“

(Dubai, 09/04/2019) In March 2019, the Parliament of the Commonwealth of Dominica enacted a series of new laws, forced upon it, as well as upon many other independent nations, by the OECD as a global effort to combat tax evasion and to destroy the financial services sectors of these small independent nations. These new laws are: […]

Deutsche Bank

(The Hague, 04.04.2019) Although from the headline seen „just“ something related to the Danske Bank Scandal, this article is a brilliant summary of Deutsche Bank’s US activities (and scandals of course) during the last decades. Absolutely worth reading. https://www.bloomberg.com/news/articles/2019-04-03/deutsche-bank-s-u-s-unit-kept-danske-s-shady-billions-flowing

Banking & UAE

(Dubai, 23/07/2018) As long as there are very practical bottlenecks for companies, the intended growth of entrepreneurial sectors is a kind of crippled. Blaming mainly „increasingly stringent regulatory standards“ for such delays is in our view misleading. First and foremost, there should be made a qualification offensive in UAE’s retail banking sector. https://www.arabianbusiness.com/startup/401258-majority-of-uae-entrepreneurs-say-banking-is-the-biggest-challenge

RAK Bank, RAK Bank . . .

(Hong Kong, 2018-06-06) RAK Bank, RAK Bank, RAK Bank (although it could be nearly any other UAE Bank)! You and your other competitors are well know – even over borders – for archaic and rude collection practice towards, better said against, debtors. In most cases we saw so far, YOU MADE yourself regular clients to […]

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 […]

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\nUAE Free Zones started with legal execution of claims\n\n\n\n\n\n\n\nThere was a very attractive double taxation agreement (DTA) between Germany and the United Arab Emirates (UAE) up to a...
\n\n\n\n\nThis News Alert information could be useful, maybe essential for your business activities in the United Arab Emirates. Please don’t hesitate to contact us for further inform...
\nEconomic Substance Regulation (Reporting) implemented in UAE – a massive change of the shape of business operating environment\n\n\n\n\n\n\n\n(Dubai, 07/08/2019) The United Arab Emirate...
\n(The Hague, 17.06.2019) TMF Group, MCI CLT’s associated partners in Asian Offshore Association (AOA), published in the beginning of June its 2019 Global Business Complexity Inde...
\n\n\n\n\n(The Hague, 03.06.2019) Coming out of Q1/Q2 of 2019, the crypto currency space is seemingly reigniting the spark it had lost over the bear cycle that began in January 2018. Ar...
\n(Hong Kong, 2018-06-06) RAK Bank, RAK Bank, RAK Bank (although it could be nearly any other UAE Bank)!\n\n\n\nYou and your other competitors are well know - even over borders - for ar...
\n(Dubai, 25/09/2018) Dear Mr. Alabbar, this is for sure the wrong time to blow in the (wrong) nationalism trumpet.\n\n\n\n\n\n\n\nWhile the UAE government is intensively developing a huge ...
\n(Hanoi, 06.05.2019) From 14.-16. May 2019 it\'s time to increase the footprint in Indochina, especially in VietNam.\n\n\n\n\n\n\n\nWHY VIETNAM?\n\n\n\nVietNam is predicted to be the fastest gr...
\n(The Hague, 23.04.2019) The Dutch government has confirmed that a registry of ultimate beneficial owners of companies will enter into force in the Netherlands from 2020.\n\n\n\n\n\n\n\nTh...
\n(Dubai, 09/04/2019) In March 2019, the Parliament of the Commonwealth of Dominica enacted a series of new laws, forced upon it, as well as upon many other independent nations, by ...

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