United Arab Emirates Enacts Economic Substance Legislation

The United Arab Emirates have implemented economic substance law: Cabinet Resolution No. 31 of 2019 with the aim to address the CCG's (the EU's Code of Conduct Group [Business Taxation]) substance requirements; following suit with many other international financial centres.

UAE Relaxes Foreign Investment & Visa Residency Rules

In a bid to encourage investment in the gulf countries; the United Arab Emirates has brought about huge changes on residency for expatriates and ownership of companies by foreign nationals to encourage investment. These changes were announced earlier this week by UAE’s Prime Minister and Dubai ruler Sheikh Mohammed.

Russian embargo – a chance for Cyprus to find new markets?

The Russian embargo could be a good chance for Cyprus to find new importers. Cyprus Agriculture Minister Nicos Kouyialis suggested that some products affected by the Russian embargo on the EU would be sold to other markets. One of the potential markets is the United Arab Emirates. Traders from the United…