New Year Greeting and Partnership Announcement
The Strohal and Kisser families wish everyone a prosperous and happy 2021!
General
SLG Newsletter: December 2020
Dear Friends and Clients, The UAE show special incentives at the end of the year. So the golden visa possibilities are extended, Abu Dhabi allows a variety of freelance licenses without the necessity of a local service agent, the tax residence certificate for individuals as well as for companies can be applied online and also …
The New Economic Substance Regulations
Under the Economic Substance Regulations (“ESR“) most UAE businesses need to prove to the UAE authorities that they are doing business in the UAE (= have an “economic substance”). The ESR were implemented to avoid harmful tax practices within the UAE. As the ESR have substantially changed in August 2020, all UAE businesses should now …
SLG Newsletter: October-November 2020
Dear Friends and Clients, It is not to be overlooked: The Gulf region is undergoing a significant liberalisation process. The UAE, Saudi Arabia and now Oman are showing considerable relief in terms of direct foreign investment and in adapting Arab traditions to modern life interests. We have been deliberately waiting for this November newsletter, knowing …
Update: UAE Cabinet Resolution requires to maintain “Ownership” register
The UAE have made another step in their intense efforts to implement, and comply with, international transparency standards. Cabinet Resolution No. 58 of 2020 on the Regulation of the Procedures of the Real Beneficiary (“Resolution“) entered into effect on 28 August 2020. The Resolution regulates the disclosure and registration requirements regarding all stakeholders in UAE …
Update: UAE Cabinet Resolution requires to maintain “Ownership” register Read More »