100 % Ownership for Foreign Investors in Dubai Mainland – Who can apply? And how will this benefit foreign investors?

The UAE government had announced in November 2020, that major amendments were being made to Federal Commercial Companies Law Earlier, starting a mainland business in UAE had the mandatory requirement of having a UAE national as a 51% shareholder in the company. Starting 1 June 2021, the long-awaited amendments have been made under the New […]

Five EU nations agree tax crackdown in wake of Panama leak

Leading financial institutions have welcomed a new crackdown on international tax dodging agreed by Europe’s biggest five economies. Tax and law enforcement agencies in the UK, Germany, France, Italy and Spain have agreed to share data. But critics said it would only work if the US and other nations signed up. Meanwhile, UK Chancellor George […]

What is being done to tackle tax-dodging?

“Tax-dodging” has become a catch-all term for a range of different practices by individuals and companies. The “Panama Papers” have focused attention on individuals’ use of low-tax, low-regulation jurisdictions. But even before that, the public mood was shifting against the strategies that companies use to minimise their tax bills. The European Commission has now announced […]