Newsletter - July, 2018

When talking about the UAE corporate solutions, it may look quite different when compared to other jurisdictions. The possibility to register companies of different types and in different free zones can make the choosing of the right company type in the UAE to be a challenging task...

A systematic and purposeful policy of business support has led to the fact that the economy of the UAE has grown multiple times over the past 50 years, and the small fishing town of Dubai has become a metropolis with a developed infrastructure: hotels, ports and airports, shopping centers, and artificial islands. It should also be noted that due to a significant migrant influx, the country's population has grown from less than 100,000 (1960) to almost 10 million (2018)...

Offshore jurisdiction is a special region in the country, where tax rates are reduced or are even zero, the company registration procedure is simplified, as well as financial reporting, and there is an opportunity to move capital freely, that is, all conditions are created to attract a foreign investor. There are quite a few different offshore jurisdictions in different parts of the world that provide different conditions for doing business...

According to the official statistics from the Dubai Investment Development Agency, there is a significant increase in foreign direct investment in the region's economy in 2018. It is particularly noticeable in the projects that involve the use of modern technologies: Robotics and artificial intelligence...

According to a new study on purchasing power, Dubai has outranked its main competitors – the major financial and economic centers of the Western world in Europe and the United States. Thus, according to the published annual rating on the cost of living in large cities of the World, it ranked 28th among 77 major cities...