Raising Start-Up Funding in the Middle East and North Africa (MENA)
Entrepreneurs in MENA, just like their counterparts in many places around the world, often face a funding gap between the seed capital they raise from friends and family at an early stage, and what banks,…
Luna the Worlds 2nd Largest Yacht Arrested in Dubai in Divorce Court Battle
A London based Russian billionaire, Mr. Farkhad Akhmedov was ordered to pay £453m to his former wife Ms. Tatiana Akhmedova, following a London divorce court battle. Mr.Akhmedov, the Oil & Gas tycoon was ordered to…
7 Things You Need To Know Before You Go Freelance In The UAE
Many expats in the UAE are hesitant about going freelance despite the attractions of being your own boss. Here, we answer the key questions about freelancing. Is freelancing permitted in the UAE? Freelancing is permitted…
The Crypto Takeover: ICOs, Tokens and the Funding in 2018
Initial Coin Offering (ICO) is a hot topic now, sensationalised headlines about startups raising as much as US$200 million in one go created a lot of frenzy amongst curious investors and regulators worldwide. At the peak,…
European Union removes UAE from tax haven blacklist
UAE was confident of swift removal from the tax haven list in 2018. The UAE, along with seven other countries, has been removed from the European Union's list of Uncooperative Tax Havens as the country…
UPDATE: VAT Seminar – VAT in the UAE and the Implications for the Shipping Sector
We are pleased to have presented Jasmin Fichte as a main speaker of the VAT seminar titled “VAT in the UAE- Implications for the Shipping sector” on December 6th 2017. The seminar was introduced by…
UPDATE: The New VAT Executive Regulations
The long-awaited Draft Cabinet Decision on the Executive Regulation of Federal Decree Law no. 8 of 2017 on VAT (the “Regulations”) have recently been issued by the Federal Tax Authority. The Regulations have provided guidance…
The Welcomed Law for Administration of Estates for Non-Muslims in Dubai
The law for administration of non-Muslim estates in Dubai has recently been announced and applies in both the Dubai courts and DIFC courts. This welcomed approach provides further clarity for non-Muslim expatriates who wish to…
Doing Business in the United Arab Emirates
I. Key facts What are the key facts on doing business in the UAE? When considering doing business in a foreign jurisdiction, an investor must consider a wide range of commercial, political and capital security…