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The Potential for a Free Trade Agreement between the UAE and UK

March 18, 2021

In the new post-Brexit environment, the UAE’s role as one of Britain’s top trading partners proves even-more prominent. It may surprise you just how pivotal the Emirates is in Britain’s international trade relationships, with the trading opportunity between the UK and UAE looking to grow even more vital. What’s in the cards for the ties between these powerhouses? Discover the potential for a Free Trade Agreement between the UAE and the UK. The weight of entities exporting to the UAE from the UK Did you know that the UAE is the United Kingdom’s fifth-largest market for exporting outside of Europe? The British Business Group calculated £18.2 billion in mutual trade of services and goods between the countries. The organisation also predicts that this total will increase to

Foreign and Ultimate Beneficial Ownership Changes in the UAE

November 19, 2020

While the benefits for foreign ownership of a company in the UAE are numerous, the government has worked to implement several compliance measures over the past few years to adhere to global financial standards. As part of this series of Economic Substance Requirements, the UAE added another requirement for companies registered there. How do these changes to foreign ownership rules in the UAE impact your reporting? We have all the details and a solution that will maintain proper compliance. What are the new minimum UAE company ownership requirements you must disclose? On 28 August 2020, the Cabinet Resolution No. 58 of 2020 on the Regulation of the Procedures of the Real Beneficiary (the Resolution), the piece of legislation that encompasses these changes, went into effect

The UAE Economy Will Bounce Back in 2021

May 7, 2020

While the global pandemic has seen economic growth projections universally revised downward, the Emirati economy will continue to be a worthy destination for your next business ventures. 2021 will mark the United Arab Emirates’s golden jubilee marking 50 years since its founding in 1971, and even before the pandemic, the country has been immersed in the Vision 2021 plan to continue its economic diversification. So, what is the economic outlook for the UAE in 2021? In essence, it will bounce back. The future of the UAE economy The International Monetary Fund, or IMF, recently issued an economic report detailing revised Gross Domestic Product (GDP) growth projections for the UAE and the rest of the Middle East and North Africa (MENA) region for 2020 and

Leadership in a Time of Crisis

March 30, 2020

Regardless of the industry, today’s enterprises are facing a series of challenges that are unlike those we have seen in generations. At Europe Emirates Group, we pride ourselves on offering our clients the utmost level of service, and that includes operating as usual while taking precautions that maintain the health and safety of our employees and clients across our jurisdictions. What should business executives know about leadership in a time of crisis? We have taken stock of some fundamental principles that will prove useful in this time. How do you lead in a crisis? This question is undoubtedly in the top-of-mind of many of us at this moment. In an era full of uncertainty, many of our preconceived notions do not apply as

Climate Change as a Long-Term Economic Risk

February 27, 2020

Have you started to consider the economic impacts of climate change in your long-term business and investment strategies? While in the past enterprises often considered economic issues to be the root cause of risks around the globe, instead, it’s climate change that is gaining prominence. The 15th edition of The Global Risks Report from the World Economic Forum and its findings demonstrate why these issues could prove to have long-term effects on the economy and your business. The World Economic Forum Report and Climate Change On 15 January, the week before the 2020 World Economic Forum kicked off in Davos and as devastating wildfires were burning in Australia, the World Economic Forum published the latest edition of the Global Risks Report. It came out with startling

Dubai’s New Future District

February 6, 2020

One of the hallmarks of Dubai’s economic policy is its firm bet on ease of doing business and fostering innovation. While we know that they are working on promoting a new business district in Dubai South to take over a portion of the Expo 2020 Dubai facilities, a new development recently announced demonstrates its plans to be a global leader in innovation. What methods does Sheikh Mohammed bin Rashid al Maktoum have for this initiative? Here’s what we know about the recently-launched Dubai Future District. So, what is the Dubai Future District? The Dubai Future District is a plan to create a space to support the economy of the future. News broke in the middle of January when Sheikh Mohammed, Vice President and Prime Minister of