Marián Vasil: “Interesting comparison between Florence and Dubai, my home city at the moment.” I have just spent few weeks in Florence, a beautiful Italian city with rich history, renaissance architecture, delicious local cuisine and unforgettable atmosphere. And I would like to try to make one particular, I believe interesting comparison between Florence and Dubai, […]
We live today in a global world with unprecedented possibilities of travelling, working and living in different countries, however the majority of people born in one country, stay living in that country, and many people even stay living in the same town where they were born. But one can have her/his home in several countries […]
Many of you are asking us – what is actually the exchange of information and tax reporting? It can be said that exchange of information in tax matters had started in 1919 with works of League of Nations. It continued in 1963 with OECD Models of double taxation convention. Then, it speeded up from 1998 […]
The Dubai Multi Commodities Center (DMCC), a renowned economic free zone in Dubai is to allow licensing for firms that offering, issuing, listing and trading crypto assets. The licenses will be offered by the specialized DMCC Crypto Center after being pre-screened by the Securities and Commodities Authority (SCA). The move is seen as a step […]
The United Arab Emirates is one of the world’s fastest-growing tax havens according to The Corporate Tax Haven Index 2021, a study of Tax Justice Network published on 9 March, 2021. On top of the list are the United Kingdoms’s offshore territories the British Virgin Islands, the Cayman Islands and Bermuda as the most significant […]
In a landmark citizenship policy change, the UAE is to allow for the naturalisation of foreign investors, skilled professionals, such as doctors, scientists, engineers, and talented people, such as artists and authors, and their families. The UAE cabinet, local Emiri courts and executive councils will nominate those eligible for the citizenship under the clear criteria […]
Yesterday, on 24 December 2020, after four and half years the British people voted in a referendum to leave the EU, the UK and EU struck a deal, a free trade agreement worth of 660 billion, the biggest in history. On 1 January 2021, after the ratification by the Parliament, the UK is set to […]
On 23 November 2020 the government of the United Arab Emirates officially announced that foreign investors can fully own local companies (LLC and joint stock companies) without the need for an UAE citizen sponsor currently required to hold the 51% majority. The landmark new rule takes effect on 1 December 2020, however several sectors deemed […]
When advising on taxes the non-tax related factors play a much larger and important role that one would think. Nowadays, in the global and interconnected world with issues such as security, healthcare, and education, the tax advice is not just about minimising taxes anymore. Clients are concerned about and take into consideration family safety, securing […]
After a few contentious weeks of negotiations, Cyprus and Russia have reached a final agreement on their amended double tax treaty. Russia plans to introduce a 15 percent fee on dividends paid to Russian-owned parent companies in Cyprus in order to ease the pain caused by COVID-19 pandemics and cope with the current decline in […]
