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UK

The UK is Dropping Tax-Free Status – Will Shipowners Set Sail for the UAE?

From April 2025, the United Kingdom will eliminate its long-standing non-domiciled tax regime. The new rules will introduce a residence-based system, taxing global income and gains after a four-year transition period. For many international shipowners,…

July 25, 2025July 25, 2025 Manik Verma

New High Court judgment reconfirms enforcement actions in UAE to be honored in UK, despite assets being transferred to escape creditors

In 2022, the UAE Ministry of Justice confirmed there is reciprocity between the UAE and Great Britain and Northern Ireland with regards to enforcement in judicial matters. This happened after the landmark Lenkor [1]…

July 7, 2023September 6, 2023 Dr. Laura Voda

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UK

The UK is Dropping Tax-Free Status – Will Shipowners Set Sail for the UAE?

New High Court judgment reconfirms enforcement actions in UAE to be honored in UK, despite assets being transferred to escape creditors

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