MEYER REUMANN & PARTNERS: New Article about 100% Foreign Ownership in the UAE

100 Percent Foreign Ownership in the UAE – First Steps

Starting June 1st, 2021, a large number of commercial activities can be pursued without a mandatory UAE national majority shareholder.

The aim of MEYER REUMANN & PARTNER’s article is to take a look at first impressions and provide an outlook of what to expect and what to do going forward.

Please download the full article HERE.

Austria is starting to open up: New guidelines take effect on the 1st of July

ENGLISH: Austria is starting to open up: New guidelines take effect on the 1st of July!

 

Entry rules to Austria have changed. Starting from July 1st, 2021 you do not need a reason to travel to Austria.

As a fully vaccinated incoming traveller from a B1 country (e.g. UAE) you do not need to quarantine for 10 days.

 

Find more info in the recent Instagram post of the Ministry of Foreign Affairs.

DEUTSCH: Neuigkeiten für alle Reisenden aus Drittstaaten

 

Ab 01.07.2021 ist die Einreise aus allen Drittstaaten, außer Virusmutationsgebieten, wieder ohne besonderen Grund möglich, für Geimpfte sogar ohne 10-tägige Quarantäne.

 

Nähere Informationen zu den aktuellen Reisebestimmungen finden Sie unter dem aktuellen Instagram post des Außenministeriumums österreich.

 

Etihad Airways is launching a flight route between Vienna and Abu Dhabi

Starting from July 18th 2021, Etihad Airways – the national airline of the UAE, will launch flights from Abu Dhabi to Vienna.

The service will operate twice weekly using a Boeing 787 Dreamliner.
CKLICK HERE to read the full press release article.

Austria is now on the green list, allowing direct, quarantine-free travel to Abu Dhabi!

Austria is now on the green list, allowing direct, quarantine-free travel to Abu Dhabi.
CLICK HERE TO SEE  the full list of ‘green’ countries, regions and territories that you can travel from if planning a trip to Abu Dhabi.

Daburon & Partners: First Austrian Company to make use of UAE´s Corporate Ownership Liberalisation

100% Foreign Ownership in Mainland UAE – Update: 

First Austrian Company to make use of UAE´s Corporate Ownership Liberalisation

Our member Daburon & Partners Legal Consultants LLP advised in the first successful transaction involving an Austrian company to obtain 100% foreign ownership in mainland Dubai.
Congratulations to umdasch THE STORE MAKERS – Middle East regional headquarters in Dubai!
CLICK HERE TO DOWNLOAD detailed information about the transaction.

CROWE: 100% foreign ownership in the UAE companies

100% foreign ownership in the UAE companies (mainland / onshore)

 

Recently, there have been major clarifications announced by the UAE government in relation to 100% foreign ownership in the UAE mainland companies.

The long awaited procedural clarifications have started to flow in. For Crowe’s latest snapshot of the situation so far CLICK HERE.

 

 

 

 

ANDERS Legal Consultancy: Informationsblatt DAFZA Regulations 2021

 

 

 

Dubai Airport Free Zone: 5 Neuerungen im Zuge der Implementing Regulations 2021 

ANDERS LEGAL CONSULTANCY hat in seinem neuen Informationsblatt die fünf signifikanten Neuerungen zum Thema Dubai Airport Free Zone Authority (“DAFZA”) zusammengestellt.

Das aktuelle Informationsblatt ist sowohl in deutscher als auch in englischer Sprache erhältlich:

Dubai Airport Free Zone: 5 Neuerungen im Zuge der Implementing Regulations 2021

Dubai Airport Free Zone: 5 Innovations introduced by the Implementing Regulations 2021

 

 

 

 

emltc Ltd. Webinar Invite: Ultimate Beneficial Ownership

 

Webinar Invitation:

Coporate Compliance in the UAE

The Ultimate Beneficial Ownership Register

emltc Ltd. is organizing a webinar on 8 June 2021 (11 am GST) on the requirements & deadlines for the submission of the Ultimate Beneficial Ownership (UBO) register in the United Arab Emirates (UAE).

Background

On 28 August 2020, the Ministry of Economy issued Cabinet Resolution No. 58 of 2020 (on the Regulation of the Procedures of the Real Beneficiary). The Resolution contains several compliance requirements regarding the declaration of Ultimate Beneficial Ownership (UBO). Companies in the Free Zone and the Mainland have to file respective information regarding the shareholder and beneficial owner structure with the relevant registrar and licensing authorities.

Companies have to maintain the following registers:

  • Shareholder Register;
  • Register of Beneficial Owners (whoever owns or controls through direct or indirect ownership at least 25% of the legal person’s shares or whoever has a voting right of at least 25% of the shares); and
  • Register of Nominee Directors (acting following the guidelines or instructions issued by another person).

Dr. Constantin Frank-Fahle, LL.M., Founding Partner of emltc Ltd., will discuss the UBO requirements.

 

Agenda

  1. Introduction
  2. Ultimate Beneficial Ownership (UBO) register
    – History / Purpose
    – Scope
    – Field report
  3. Recent developments – requirements and deadlines
  4. Sanctions
  5. Outlook & Conclusion

 

REGISTER HERE

 

 

Webinar: “Ecommerce, Your Growth Engine” by Dubai Chamber of Commerce and Industry

Ever wanted to learn the different trends of E-commerce, regionally and globally, and how the pandemic made change inevitable?

E-commerce has become an essential part of the global retail framework. In this webinar, we will share insights on the different trends of eCommerce globally and regionally and how the pandemic made change inevitable, and bring closer to you ecommerce tools that will help your business grow and sustain in highly competitive markets, and why it is important for your business to embark in the digital journey and embrace it a rapidly changing business environment.

Join the “Ecommerce, Your Growth Engine” webinar organized by Dubai Chamber of Commerce and Industry on 23rd June 2021 at 1:00 PM.

The webinar introduces you to E-commerce tools that will help your business grow and endure in a highly competitive market, and will highlight the importance of embarking your business in the digital journey and embrace it in our rapidly changing business environment.

CLICK HERE for the agenda and more information about the webinar program.

CLICK HERE TO REGISTER