The 2019 Easiest & Most Complex Countries to do Business
(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 Index with some surprising findings. TMF analyzed a total of 76 jurisdictions with a transparent explained methodology, focusing on three essential areas which influence the complexity, when operating a business: […]
Dear Mr. Alabbar . . .
(Dubai, 25/09/2018) Dear Mr. Alabbar, this is for sure the wrong time to blow in the (wrong) nationalism trumpet. While the UAE government is intensively developing a huge bunch of reforms to attract not only more people, but especially also Foreign Direct Investments (FDI) to develop the country which made also YOU big, you want […]
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 […]
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 […]
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 […]
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 […]
UAE Banks to adopt IBAN Numbering
IBAN system will begin November 19 but Central Bank will allow 3-month grace periodDubai: The UAE Central Bank is introducing the International Bank Account Numbers (IBAN) system for all bank customers in the UAE from November 19, according to a communication sent out to banks recently. "Banks have been communicated about the implementation of IBAN […]
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 […]
Focus Middle East
UAE – From a Pirate Coast to a Zero Tax Haven Since 1971, the worldwide perfectly developed brand „Dubai“ is embedded in a federation of seven United Arab Emirates (UAE), which is often forgotten in the perception. In this respect, this country profile refers not to the (single) Dubai alone, but throughout the UAE. […]
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