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News

Ras Al Khaimah Launches New FTZ Authority

7 May 2017

Ras Al Khaimah, one of the seven emirates that make up the United Arab Emirates (UAE), has established a new free trade zone authority. The new authority, Ras Al Khaimah Economic Zone (RAKEZ), will oversee, regulate, and consolidate the services, facilities, and zones of the Ras Al Khaimah Free Trade Zone (RAK FTZ) and the RAK Investment Authority (RAKIA).[..]

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Citizenship by Investment

19 April 2017

SFM is glad to offer access to citizenship by investment schemes to its clients around the world. We have partnered up with a top tier law firm specialized in citizenship schemes, offering the service in 7 different countries. [..]

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BVI continues to introduce positive regulatory developments

19 March 2017

There have been number of positive developments for the funds industry in the BVI. One is the creation of an AIFMD opt-in regime for the BVI, called the Securities and Investment Business (AIFMD) Regulations, as the BVI looks to seek approval from the European regulator, ESMA, for third country equivalence and introduces into the BVI an AIFMD equivalent regime. [..]

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VAT in the UAE

13 February 2017

As announced in February 2016 by the UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer, the UAE will introduce a Value Added Tax (VAT) of 5% beginning January 1, 2018. The six other states that make up the Gulf Cooperation Council (GCC) region will also be implementing a VAT during this time and/or by January 1, 2019 at the latest. [..]

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