Newsletter – Fabruary, 2016

A new type of company with the abbreviation RAK ICC is planned for the first half of 2016. It’s an IBC (International Business Company) intended for the international business...

The UAE population is gradually nearing the 10 million mark. In just 10 years the population has grown from the mere 4 million people to almost 10 million...

An offshore company with its own corporate account is the most effective tool, which enables creation of a highly profitable and reliable structure for the development and protection of the existing business. Specialized companies that offer acquisition of a ready-made offshore companies with a registered bank account can be found in the modern offshore industry...

The UAE is in the top 15 countries globally of the most millionaires’ households and the leading country in the whole of GCC in terms of the private wealth growth aiming to reach a staggering USD 1 trillion by 2019, which is a 10.7% growth rate, according to the 2015 analysis BCG Global Wealth Report...

The UAE federal budget partially funded by the oil revenue has suffered a substantial loss in the past 12 months.  The plunge of oil prices has urged UAE to review its finances and mull over new ways of increasing revenue...