Dear Friends and Clients, This summer newsletter summarizes the essential information of the last 3 months. There is not much happening in Arabia in the summer heat – at least as far as business is concerned. So we did not want to bore you and therefore are publishing this newsletter for a 3-month- period. This …
Dear Friends and Clients, There is great news for us expats! We can now get: 10-year visas, 100% foreign-owned onshore companies, and improved investments conditions. The outlook for 2018 is excellent. We are living in the right part of the world. But as I can see many clients are cautious about the future. Political risks in neighboring countries, economic …
Dear Friends and Clients, The party is now over –time to begin more serious work. For the 4th time, we held our office event last Thursday. Thank you all for attending and mainly thanks to the speakers, Richard Bandera, the Austrian Commercial Counsellor and Gordian Gaeta for their visionary outlook on the economy in the …
Dear Friends and Clients, The year started well – at least for most of our clients and our chambers. We have hardly ever had as much work as in these past few months. Many Europeans have set up branches and subsidiaries in the MidEast and FarEast, and many have relocated into these regions. That is …
The UAE has enshrined a legally guaranteed severance pay (End of Service Gratuity) in its labour law. This right to severance pay is governed by the Labour Law (UAE Federal Law No. 8 of 1980) and must be paid by the employer to the employee upon termination of employment. The amount of the End of …
End of Service Gratuity a Statutory Compensation Claim Read More »
Dear Friends and Clients, May I first of all wish you a happy and prosperous New Year with all your wishes to come true. Expectations and attachments are the cause for suffering – so do not expect too much. Let it happen and improve the situation wherever you can. May I draw your attention to …
Dear Friends and Clients, We’re almost done. Only some more hours to go. No reason to become sentimental. If it was a good year it’s passed as well as if it was a bad one. Don’t live in the past, cause you can’t change it. Don’t live in the future cause you don’t know it. …
When you come to the UAE for work, you have thought about many things: Will my family join me? Can my children go to school there? Will I take my furniture with me? Or, can the insurances I have continue? These are just some of the considerations that you make or already made when you …
Dear Friends and Clients, As the year comes to it’s end the UAE rulers/government have some presents for us investors: The almost unthinkable could become reality: The 51:49 rule seems to be in discussion and maybe – for some activities –eliminated. Of course, this rule has been weakened by several options, like onshore branches of …
Dear Friends and Clients, Is it true that the main reason for the obstacles to open a bank account in the UAE is due to the influence of the USA? Does the UAE Central bank receive “instructions” from our great (former: big) brother? Maybe that is the reason: “US debt exceeds 20 trillion for first time in history …