News Archive 2017 | Page 11 of 12

In practice, situations often arise where a company owner, for various reasons, fails to renew a legal entity in the UAE on time. As a result, the company first becomes inactive and, after the period established by the regulator expires, may be struck off the register...

At present, attitudes toward offshore investing remain ambiguous. Public perception has been significantly influenced by the publication of the so-called “Panama Papers” and subsequent investigations...

The UAE is an attractive country for foreign investors and expatriates – more than 85-90% of the country’s population consists of foreign nationals. UAE legislation allows foreigners to participate in the real estate market; however, this right is not granted nationwide but only in designated areas...

The United Arab Emirates has been consistently implementing an economic diversification strategy aimed at reducing dependence on the oil and gas sector and building a sustainable, multi-sector growth model. Within a relatively short historical period, the country has transformed from a hydrocarbons exporter into one of the key international hubs for business, trade, logistics, and investment in the Middle East and North Africa region...

Dubai will obtain a new symbol of confidence and positivity. It will become the world’s tallest building called “The Tower”...