There are several types of corporate structures available in the UAE, including free zones, onshore companies, and offshore companies. Offshore incorporation can be a great way to gain a foothold in the Middle East and take advantage of all the opportunities it has to offer. The UAE has a well-developed legal system and a competitive tax system …
Exploring the Benefits of Offshore Incorporation in the UAE Weiterlesen »
Overview The United Arab Emirates is a federation of seven emirates and is one of the world’s most stable and prosperous economies. It has achieved significant economic growth over the past decade, making it a hub for international trade, finance, and investment. In 2023, the UAE is expected to remain one of the strongest economies …
UAE Economic Outlook for 2023: Strong and Steady Weiterlesen »
Opening a business bank account is one of the most important tasks in starting a business in the UAE. In the Emirates, you can open a bank account for mainland, free zone, or offshore companies. For corporates as well as individuals and private sector businesses, having a UAE bank account offers numerous benefits. With a …
Since 2009, the United Arab Emirate’s Wages Protection System (Ministerial Decree No. 788 of 2009) has been an important part of the country’s labor system. A Wages Protection System (WPS) refers to electronic pay transfers that allow employees to receive their wages electronically through authorized banks, bureaux de change, and financial institutions. The United Arab …
An overview of the UAE’s Wages Protection System Weiterlesen »
The United Arab Emirates is a major economic player in the Middle East, boasting one of the most dynamic and booming economies in the region. As a result, investor confidence is expected to remain high in the coming years. In 2023, investors will likely be looking to the UAE for great opportunities with the potential …
Growing Investor Optimism in the United Arab Emirates Weiterlesen »
Purchasing property in the United Arab Emirates is a great way to invest in the country’s real estate market, whether you’re looking to buy, rent, or develop a property. With a number of opportunities available in both the residential and commercial sectors, there is something to suit every need and budget. The UAE has a …
Investing in Real Estate in the UAE: What you need to know before making a move Weiterlesen »
New Year…New Team Member! It’s a pleasure to welcome 2023 and introduce you to our new Legal Counsel, Rita Kaufmann. Rita has a background in corporate and commercial law with expertise in international arbitration and trade law. She has been a member of the counsel team and has acted as tribunal secretary in proceedings under …
On 9 December 2022, Federal Decree-Law No. 47 of 2022 was issued on the Taxation of Corporations and Businesses (the “Corporate Tax Law”). While we expect that other taxes and higher rates will follow in the future, at least for the time being, the UAE will maintain the greater part of its tax-free regime, including …
Non-Muslim foreigners living in the UAE are strongly encouraged to register their wills to protect their family and assets. Wills or testaments represent a person’s final wishes on how they want their assets to be distributed upon their death. A will also appoints an executor or executrix who is responsible for managing the probate estate …
Will registration for non-Muslim expats in the UAE Weiterlesen »
Dear Friends and Clients, In the 17 years of our activity in the UAE we are experiencing the highest volume of economic emigration from Europe. Up to 5 entrepreneurs a day contact us for advice on existing options to leave Europe and start a new business in the Middle East. These entrepreneurs come from a …