This article compares two mechanisms for managing wealth in the UAE: Trusts and Foundations. UAE Trust Trusts can be compared to a deposit box for a person's assets. Trusts can be integral to wealthy families' asset protection, wealth management, and succession planning strategies. They can also provide...
Learn how you can get DIFC Wills to secure your assets for your family and loved ones. Understand the basics A Will is a legal document that says how you want your estate to be allocated once you pass away. Your estate includes what you own...
The mighty virus Covid19 is affecting most businesses and slowing down the world economy. It's a solid fact today that the world is confronting one of the most impactful pandemics and we have to deal with the consequences in a smart way of learning from history. What...
If you have worked or lived in UAE, then you would be amazed to see the accelerated development of the region. UAE is always in the limelight in the print and electronic media for its groundbreaking developments, new startups, and reforming foreign investment policies and...
According to the authorities, all the six GCC countries will be introduced with the simultaneous value-added taxes (VAT) applicable from January 2018 in different business sectors. The application of VAT has been under consideration for a long time however, it is supposed to be applicable...
The newly-elected US president, has been vocal about his concerns of the soaring strength of the US dollar and has warned that a strong greenback could be disadvantageous for American companies that do business abroad. Analysts predict that since the President is extremely pro-business and would...
Starting with Abu Dhabi residents will have to pay a municipality fee starting January this year. The fee will amount to 3 percent of the annual rent and is being collected starting this month by ADWEA. The charge will be applicable to tenancy contracts in the...
Risk management: That is the buzzword that the UAE Central Bank is focusing on to roll out new laws to ensure that banks are lending responsibly UAE Central Bank Transforming the UAE regulatory framework that will be consistent and transparent as per international standards, the Central Bank's...
Albert Einstein once said that the hardest thing in the world to understand is taxation. For UAE residences, this may have been hard to relate to, but not for long. We wrote an article some time back about Will Taxes in the UAE be Implemented and here's...
The recent move by the Indian government to demonetise or ban 500 and 1000 currency notes as been hailed as a great attempt to combat tax fraud, kill the circulation of counterfeit money and eliminate corruption, as eliminating large denominations makes it harder to hide...