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Overview - Executive Summary

Profile - Dubai

Country:                               Dubai Region:                                 UAE - Middle East (EMEA) Currency:                              Dirham (AED) (DH) Languages:                           Arabic, English Time Zone:                            UTC +4 Phone Code:                          +9714 Communications:                  Good  Formation Cost:                    8000 - 14000...

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Oman launches investment residency scheme for foreigners

Find out how China Offshore can introduce you to new intermediaries for your project or services.         Oman will begin issuing long-term residency to foreign investors, the government said Wednesday as authorities attempt to shore up the Gulf nation's flagging economy.   Depressed demand for oil and the coronavirus pandemic has hit the sultanate's finances hard, pushing leaders to seek alternative sources of hard currency.   Foreign investors and retirees will be granted the right to long stays in the country under the scheme starting in September, the Ministry of Commerce, Industry, and Investment Promotion said in a statement....

NRI businessman Vedanta Baruah becomes first Assamese to get UAE's Golden Visa

  Find out how China Offshore can introduce you to new intermediaries for your project or services.       Vedanta Baruah is the CEO of Berns Brett Masaood Insurance LLC, an insurance broking firm that has offices in the UK, the EU, and India. He was granted a special visa in the investor category by the Department of Economic Development, Abu Dhabi, UAE.   Vedanta Baruah, an NRI entrepreneur who hails from Assam's Dibrugarh district, has been awarded the UAE's 10-year Golden Visa, which is mostly reserved for prominent global personalities. Baruah is the first Assamese to receive the UAE's Golden...

Who is eligible and how to apply for the UAE's 10-year golden residency visa

  Find out how China Offshore can introduce you to new intermediaries for your project or services.       By Ramola Talwar Badam   Thousands of residents have been receiving their long-term residency visas, but how can you get one?   The golden card is a long-term residency programme announced by Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, in May 2019. Not long after its launch, more than 400 investors and businessmen, including some of their families, had already been granted the visa, with dozens more receiving it each day.   Sheikh Mohammed said 6,800 investors and residents, worth an estimated...

The United Arab Emirates attracts corporate billions to climb tax haven ranking

Find out how China Offshore can introduce you to new intermediaries for your project or services.         By John O'Donnell   The United Arab Emirates, a magnet for the globe's ultra-rich, has also emerged as one of the fastest-growing corporate tax havens, according to a study released on Tuesday that highlighted a $200 billion-plus money flow to the country.   The index by the Tax Justice Network, which highlights countries that attract companies to shrink their tax bills, added the United Arab Emirates to its top-10 ranking that includes Switzerland and Bermuda.   Britain's offshore territories the...

UAE Golden Visa for 1,000 people: Are you eligible?

Find out how China Offshore can introduce you to new intermediaries and agents for your project or services.       By Web Report Dubai   The initiative was launched in a bid to position the fast-developing emirate as a global centre for culture, an incubator for creativity, and a hub for talent. Dubai has announced it will grant cultural visas to 1,000 creators and artists from across the world. The announcement was made on Tuesday by the Dubai Culture and Arts Authority, as part of the first-of-its-kind cultural visa initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President...

Incentives Pay Off as Dubai's DMCC Takes in Record 2,025 New Companies in 2020

Its incentives and one-off offers were taken up by 8,000 existing member companies   By Gulf News Report   Dubai: The incentives seem to be paying off, with Dubai's free zone DMCC confirming a ‘record-breaking’ intake of 2,025 new companies in 2020 - its highest in five years.   The gains were primarily due to the Business Support Package’ launched in March, introduced after the pandemic broke. “This was the business hub’s largest ever commercial offer, offering a wide range of incentives and value-added services to both existing and new companies in the free zone,” the Dubai Multi Commodities Centre said...

The Abu Dhabi Global Market: an Analysis of its Asset Protection Laws in Relation to Foundations and Trusts.

By Alex Baker of Griffin Trust AG, Liechtenstein and Andrew Baker of Griffin Corporate Services Ltd, Abu Dhabi           This short article introduces the Abu Dhabi Global Market (“ADGM”) and highlights a perceived advantage offered by an ADGM foundation compared to an ADGM trust in relation to asset protection.   Introduction to the Abu Dhabi Global Market The ADGM is one of the principal free zone jurisdictions in the United Arab Emirates (“UAE”). It offers an attractive range of vehicles that can be used by individuals for asset protection and/or succession planning purposes and by businesses involved...

UAE Extends 10-year Golden Visa System

By GC NewsDesk   Washington: The United Arab Emirates (UAE) authorities on Sunday announced the decision to expand its Golden Visa system that grants 10-year residency for certain categories of professionals, including doctorate degree holders, doctors, computer programmers, and biotechnology engineers.   UAE Vice President and Dubai Emir Sheikh Mohammed bin Rashid al-Maktoum made this announcement, stating that specialists in the field of artificial intelligence, big data, and epidemiology, as well as best-performing students from certain high schools and universities, will also be eligible for “golden” visas.     As per a report by Sputnik, the UAE government allowed for the...