UAE

Country:                               Dubai Region:                                 UAE - Middle East (EMEA) Currency:                              Dirham (AED) (DH) Languages:                           Arabic, English Time Zone:                            UTC +4 Phone Code:                          +9714 Communications:                  Good  Formation Cost:                    8000 - 14000...

CORPORATE & FIDUCIARY JURISDICTION 2020

By Alex Baker of Griffin Trust AG, Liechtenstein and Andrew Baker of Griffin Corporate Services Ltd, Abu Dhabi           This short article introduces the Abu Dhabi Global Market (“ADGM”) and highlights a perceived advantage offered by an ADGM foundation compared to an ADGM trust in relation to asset protection.   Introduction to the Abu Dhabi Global Market The ADGM is one of the principal free zone jurisdictions in the United Arab Emirates (“UAE”). It offers an attractive range of vehicles that can be used by individuals for asset protection and/or succession planning purposes and by businesses involved...

CORPORATE & FIDUCIARY EXPERT INSIGHTS 2021

By GC NewsDesk   Washington: The United Arab Emirates (UAE) authorities on Sunday announced the decision to expand its Golden Visa system that grants 10-year residency for certain categories of professionals, including doctorate degree holders, doctors, computer programmers, and biotechnology engineers.   UAE Vice President and Dubai Emir Sheikh Mohammed bin Rashid al-Maktoum made this announcement, stating that specialists in the field of artificial intelligence, big data, and epidemiology, as well as best-performing students from certain high schools and universities, will also be eligible for “golden” visas.     As per a report by Sputnik, the UAE government allowed for the...

IMMIGRATION BY INVESTMENT NEWS 2020

Most of us entrepreneurs, business owners, managers or wealthy individuals with interests in multiple locations and with an extensive travel plan find it hard to clearly identify a single location as “home” and probably have been, at one point or another, confronted with the terms Residency and Citizenship. Familiar words, yet not so clear, as they are most of the time confusing and wrongly used interchangeably.  In this article, we will discuss the concepts and distinguish the terms. We will set out the advantages of a UAE Residency – a favourable tax jurisdiction - and provide real, client examples illustrating...

IMMIGRATION BY INVESTMENT EXPERT INSIGHTS 2020

Country:                                United Arab Emirates (UAE) Region:                                   Middle East (EMEA) Currency:                              Dirham (AED) (DH) Languages:                Arabic, English Time Zone:                 UTC +4 Phone Code:              +971 Communications:      Good About Ras Al Khaimah Ras Al Khaimah is one of seven emirates that form the UAE. The city of Ras Al Khaimah itself is located in the picturesque northern Emirate of Ras Al Khaimah, just an hour’s drive from Dubai. The Emirate is also known as the ‘Rising Emirate’, having gained a reputation for its recent economic growth and emerging business opportunities. The Emirate is known for its...

2020

Inheriting the historical symbol of the ancient Silk Road and following the principle of peace and development, China’s Belt and Road Initiative intends to actively establish economic partnerships with countries along the designated “Belt and Road” regions. It also intendsto jointly build a community of shared interests, shared futures and responsibility, featuring mutual political trust, economic integration and cultural inclusiveness. Encompassing over 60% of the global population, it will not only create new opportunities for the sustainable development of China’s economy, but also, more importantly, will change the political, economic and military landscape of the world. Over the past few...

CORPORATE & FIDUCIARY EXPERT INSIGHTS 2019

Having worked for over 20 years in the United Arab Emirates, I have always been fascinated by the clarity in direction demonstrated by the country’s leaders and their persistent efforts to execute their strategy in a swift and methodical manner. During this time, the UAE – like the rest of the world – has gone through economic cycles of growth and contraction. But throughout it all, the country’s clarity in what it stands for and what it aspires to be has prevailed. The resolute focus maintained by the country’s leadership has helped the country to securely move forward by constantly...

CORPORATE & FIDUCIARY EXPERT INSIGHTS 2019

Adib Al-Afifi: “AIM Startup 2019 is a great opportunity for investment entities and investors from around the world.” February 19, 2019, Dubai, UAE The National Program for Small and Medium Sized Enterprises and Projects of the Ministry of Economy, held a press conference for the launch of AIM Starup 2019 with the theme “Harnessing Global Digitization to Empower Startups and SMEs” which will be held on 8-10 April 2019 at the Dubai World Trade Centre. The speakers shed light on the plans and initiatives of the National Program for SMEs and Projects for 2019, which will seek to attract more...

FOREIGN DIRECT INVESTMENT SPONSORED CONTENT 2019

With US $70 billion non-oil trade with UAE by 2020 China looking to expand its investment through participation in Annual Investment Meeting        The United Arab Emirates has managed to achieve a qualitative leap in its economy during the recent years due to the adoption of forward-looking strategy and in anticipation of strategic plans for the future. This move has strengthened UAE’s position on the map of world economy. UAE enjoys privileged relations with various countries of the world, particularly the Republic of China. Volume of non-oil trade between UAE and China is expected to reach $70 billion by 2020. The bilateral relations between China and UAE...

FOREIGN DIRECT INVESTMENT SPONSORED CONTENT 2019