Jakob Kisser

UAE approves crowdfunding activity for public and private sectors

The UAE Cabinet has approved crowdfunding activity for both the public and private sectors to assist small and medium-sized enterprises access funds to grow their business and finance new innovative business ideas. In 2020, the Central Bank of UAE launched a new Regulation on “Loan Based Crowdfunding” which sought to establish an appropriate framework for …

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Ras Al Khaimah-based real estate development and investment company Al Hamra to invest AED 1 Billion on development campaigns

Al Hamra has outlined an ambitious five-year (2023-2027) roadmap for driving sustained growth through strategic developments, in accordance with the vision of Ras Al Khaimah’s leadership to develop the Emirate into one of the world’s leading investments, business, residential, and tourism destinations. Recently, Al Hamra sold its 27,000 sqm Al Hamra Mall to Aldar Properties …

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Dubai issues Virtual Asset Regulation Law

Dubai adopted its first Virtual Asset Regulation Law. The provisions of this law are applicable throughout the Emirate, including special development zones and free zones, except for the Dubai International Financial Centre. The new law seeks to protect investors and establish a framework of international standards for virtual asset (VA) industry governance to promote responsible …

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Webinar Update: Double Taxation Agreement Austria-UAE & Tax Residency

All those who could not attend our webinar on 24 August on “Expected amendments to the Double Taxation Agreement Austria – UAE” can now download the presentation and/or watch the recorded webinar on YouTube. For the previous newsletter see link. Our next webinar will be held on 7 September:“What makes me a tax-resident?”How can you …

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OPONTIA SECURES FIRST E-COMMERCE ACQUISITION IN DUBAI WITH STROHAL LEGAL

Opontia successfully secured its first of many M&A deals in the e-commerce sector by purchasing 100% of the shares in Novimed, an e-commerce medical company in Dubai. Opontia is a fast growing e-commerce company which acquires and scales high-performing e-commerce businesses across The Middle East, Eastern Europe, Turkey & Africa. Opontia has just closed a seed …

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