Newsletter – July, 2016

When speaking about banks and the financial system of the UAE, it is necessary to note a few features of this system. First of all, historically the banking system was being shaped based on the UK financial system...

International business companies or RAK ICC companies of the UAE are the companies which have some certain special regulations in terms of permitted types of activities and territory where such companies can do business. These companies can do business anywhere in the world except of the UAE...

Next year in Dubai the first local permanent art show with the participation of international aerialists and dancers will be launched. The world-wide known Belgian - Italian artistic director Franco Dragone created La Perle, a water themed show that will be located at Habtoor City...

The most exclusive hotel in the world presents its new terrace expanding over the sea. There are the following new facilities: 828m2 infinity pool with salt water, a 612m2 pool with fresh water and 32 cabanas with air condition...

There are 3 fundamentally different types of companies in the United Arab Emirates: offshore companies, onshore companies operating in the Free Trade Zones and the companies on the main territory of the UAE. Each of these types of the legal entities is governed by its own regulations with respect to all permitted and prohibited words and terms used in company names, as well as the indication of a legal form at the end of the company names...