News and publications

Dear Friends and Clients, Back to business. The summer is still on, but the international schools will start soon and the expats are coming back from holidays. When I entered the smart gate at DXB Terminal 3 about 80% of the machines rejected my e–gate and also my Emirates ID, “Fingerprint cannot be recognized”. But

RAK Customs Policy (2) of 2016 – Free Zone Procedures Many clients had and have had problems if their goods first arrived in the Jebal Ali Free Zone and are further transported, for instance, to another Free Zone such as RAK FTZ. There is a customs tax levied of 2 x 5%. Years ago, there

Die Frist zur notwendigen Anpassung des MOA (Memorandum of Association/Gesellschaftsvertrag) wurde kürzlich um ein Jahr verlängert und endet nun am 30. Juni 2017. Sämliche Onshore Companies müssen ihr MOA an die Regelungen des New Commercial Companies Law, Federal Law No. 2 of 2015, angleichen. Das Gesetz trat bereits am 1. Juli 2015 in Kraft und

Dear Friends and Clients, The VAT is on the doorstep. It shall be implemented like the European VAT System, not the US sales tax. Let’s see how fraud prevention will be set up. In the early VAT years, millions of Euros (or DM, GBP, ATS) were going down the drain through fraudulent manipulations with the

Dear Friends and Clients, Ramadan has started. The Euro2016 has started, too. Conflict of interest? No beer at the games before sunset, or even after? Well, you can always watch it at home and drink whatever you want as long as you don’t disturb anybody. The Emirates is one of the most tolerant Islamic countries…at

Dear Friends and Clients, The hot season together with the Holy Month of Ramadan is at our doorsteps. There are a few days left to register or amend your company, your MOA according to the new Commercial Companies Law, or to reregister your offshore company in Ras al Khaimah after the merger of the two

All about the new RAK ICC The new RAK ICC (Ras Al Khaimah International Corporate Centre) is the new offshore authority and company in Ras Al Khaimah. It is the result of the merger of two previous offshore companies, namely the RAK Free Trade Zone International Company (RAKIC) under the RAK Free Trade Zone Authority

Dear Friends and Clients, This newsletter deals again with highly important subjects. What are the do´s and don´ts regarding your Emirates ID? Don´t burn it when you are fed up or depressed, don´t throw it away. You should always keep it with you so you can be identified by the smart gates when you pass