News and publications

Dear Friends and Clients, 2018 is over, welcome 2019! It reminds me of the old saying: “The king is dead, long live the king!” Time is an illusion, as the Asian philosophy says. We all create our world with our mind, and time is part of this creation. With this view we not only follow

Dear Friends and Clients, The UAE government has decided to go into the bond market for the first time and to launch public bonds. This may seem surprising at first, because the main source of oil and gas remains in their control. On the other hand, cheap money is also stimulating the economy, and that

As always in the UAE, changes are made quickly, as is the case with the carrying of drugs for tourists and expats. As reported earlier this month, all tourists and expatriates entering the UAE should now have permission to carry prescription drugs such as psychotropic drugs – antidepressants or neuroleptics. We have summarized the most

Every foreigner who wants to work in the UAE knows the procedure: To obtain a work permit, a residence visa is required, which in turn requires, among other things, a health test and the handing in of fingerprints. This year, visa changes for tourists and pensioners will be added as well as certain requirements for

Dear Friends and Clients, Merkel resigns. The euro is weakening. Life in the UAE has become more expensive. We have to reach for the ceiling – and our host country is helping as much as possible. The visas and entry visas have been defused. The Free Zones and Financial Centers in Abu Dhabi and Dubai

Anyone living, working, investing and earning income in the United Arab Emirates (UAE) or in other countries far from home would probably be reluctant to pay in their home state – and thus pay double tax on their income. For this reason, many states have concluded double taxation agreements (DTAs) with each other over the

Dear Friends and Clients, This summer newsletter summarizes the essential information of the last 3 months. There is not much happening in Arabia in the summer heat – at least as far as business is concerned. So we did not want to bore you and therefore are publishing this newsletter for a 3-month- period. This

Dear Friends and Clients, There is great news for us expats! We can now get: 10-year visas, 100% foreign-owned onshore companies, and improved investments conditions. The outlook for 2018 is excellent. We are living in the right part of the world. But as I can see many clients are cautious about the future. Political risks in neighboring countries, economic

In October of last year, we wrote an article on how laborious – and often impossible – it is for companies in the UAE to open bank accounts. This article was met with a great response. A little more than half a year later, unfortunately, the situation has not improved; on the contrary, RAKICC, an

Dear Friends and Clients, The party is now over –time to begin more serious work. For the 4th time, we held our office event last Thursday. Thank you all for attending and mainly thanks to the speakers, Richard Bandera, the Austrian Commercial Counsellor and Gordian Gaeta for their visionary outlook on the economy in the