Newsletter - July, 2017

There is a number of rules that must be strictly followed to when working with the offshore companies as well as with other legal entities. Let us see the most common mistakes that may occur when working with such companies and the ways of preventing such well in advance...

The United Arab Emirates is an attractive jurisdiction that is often used by foreign investors who want to take the advantages of the numerous double tax treaties — special agreements aimed at avoiding double taxation. Such bilateral agreements are signed between the UAE and many other countries...

Due to budget deficits, many countries continue to increase their tax rates as well as to apply stricter regulations to control the private and corporate income to impose taxes on such income. Thus international business and private persons, who are in the possession to consider relocation, are looking for the country which has the world best tax rates...

On September 19, 2016, a new mode for creating Intermediate Special Purpose Vehicle has been permitted by the Dubai International Financial Centre. New versions of the DIFC Companies Guidelines, which are currently under consideration, are expected to regulate and clarify the Intermediate SPV mode in Dubai...

Will floating islands soon become floating free trade zones? Impressive, futuristic floating man-made islands in the UAE have been around for a while. The state has ambitious plans concerning their expansion and very soon we are to see many more water homes, villas, luxurious hotels and restaurants on the water with superb views...