Wills and foundations are two options for legacy planning that are gaining popularity in the United Arab Emirates. Both allow for the effective management and protection of assets as well as succession planning for future generations. Understanding the basics of wills and foundations, the differences...
Following Abu Dhabi's comprehensive regulatory framework that was issued in December last, Dubai is adopting the first law that regulates the trading of virtual assets. The Dubai Virtual Assets Regulation Law is set to establish a highly developed legal framework to secure investors and build global...
The COVID-19 outbreak has brought changes to every sphere of our lives. Obviously, the finance sector would not be an exception. Moreover, with the ever dropping prices of oil (currently below 30 bp), certain impacts are expected to be felt throughout the world economy. However,...
DMCC partnered with Dubai FDI to host a forum today under the theme Advancing the Dubai-China Relationship Through Trade, as part of the fifth edition of Dubai Investment Week 2019. DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and...
New initiatives aim to make Dubai a global art destination. Artists, authors and innovators will soon be able to apply for the UAE's first long-term cultural visa. The announcement was made by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, after a meeting with the...
The UAE is one of the most popular destinations for expats in the world, and securing permanent residency here is not only attractive but simple as well. Whether it’s lavish Dubai, cosmopolitan Abu Dhabi, culture-crazy Sharjah or any other of the UAE’s seven emirates that strikes...
The Knight Frank World Wealth Report 2018 reports the world’s super-wealthy spend over USD 2.4bn on second citizenship each year, with most demand coming from China, the Middle East, and Russia. Immigration amongst high-net-worth individuals is ‘strong and growing’, the report notes. Indeed, some of the...
The UAE has been one of the most popular destinations for expats and business people for many years – and that reputation is still growing. This can be partially attributed to the UAE government's many favourable business & visa initiatives launched earlier this year, but...
The UAE has been one of the most popular destinations for expats and businesspeople for a while – and that reputation is only growing, thanks to several recent government initiatives. Andrew Staples, Chief Business Reporter for Gulf News, recently wrote a special report on these changes,...
Ask entrepreneurs in the UAE what they most need to upscale their business and the majority are likely to say ‘finance’. Sourcing finance in the early stages of growth is fundamental in taking a company to the next level. It helps business owners to avoid...
