Structuring Alert: Real estate brokerage – now open for 100% foreign ownership

What’s new? If your life’s dream is to be a real estate broker, then you will be interested in the recent publication of changes to the licensing requirements for real estate brokers. The activity of “real estate brokerage” has been recategorized as a “professional activity”  by the Dubai Department of economic development (“Dubai Economy”).  This means that …

Structuring Alert: Sheikh Mohammed sets up Dubai Authority for Economic Zones

Over the past decade, the UAE has established itself as one of the most competitive and versatile structuring hubs worldwide. A combination of factors has contributed to this ascension – e.g. no corporate and personal income tax, access to a broad network of double tax and investment protection treaties, no restriction on profit repatriation, no …