News Flash: UAE 300 Foundations Milestone Reached!
UAE Foundations are scheduled to triple in number in 2021. See Arabian Business Article {Read Full Article Here}
Structuring Podcast Mini-series − Episode 1: Foreign ownership changes – overview & considerations
In December 2020, the UAE government introduced key amendments to the UAE Commercial Companies Law, notably: Removing the requirement for foreign branches to appoint a
FATCA/CRS Compliance Alert: ADGM FILING DEADLINES CLARIFIED
ADGM FINANCIAL REGULATED ENTITIES – 21st JUNE ADGM NON REGULATED ENTITIES – 30th JUNE All other ADGM non-regulated entities (e.g. Foundations, SPV’s) conducting ‘Investment Activities”
FATCA/CRS Compliance Alert: Filing Deadline for ADGM/DIFC/Other Structures − 30th June 2021
All UAE entities classified as “Reporting Financial Institutions (RFI)” are required to comply with their FATCA & CRS assessment & reporting obligations by 30th June
Structuring Alert: 100% foreign ownership – Dubai Economy publishes guidance
What’s new? The Dubai Department of Economic Development (Dubai Economy) has published clarification of the procedures for full foreign ownership of limited liability companies and
Structuring Alert: 100% foreign ownership – implementation has arrived!
What’s new? June 2021 marks the implementation of the amendments to the UAE Commercial Companies Law (CCL) in respect of foreign ownership. The CCL was
News Flash: Foundations – Who is using them?
Last week, the ADGM became the second Financial center in the Middle East with 100 active registered foundations. The DIFC passed that threshold earlier this
Structuring Alert: 100% foreign ownership in UAE mainland – update!
What’s new? On the 22nd of May, the Abu Dhabi Department of Economic Development (DED) published a list of 1,105 business activities permitted to be
Structuring Alert: 100% foreign ownership going live from 1 June 2021
The UAE government has announced that the long-anticipated 100% foreign ownership of onshore limited liability companies will be permitted starting 1st June 2021. The implementation