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Company Newsletter - October 2015
Issue 13
Internet Incorporate

Spotlight on the UAE

Tax Residence in the UAE: Obtaining a residence permit is the primary condition for being considered as resident in the UAE. By establishing a tax residency certificate a free zone company in UAE and foreign individuals can have residence permits and it is possible to obtain tax residency certificates. Read more

UAE as a popular destination for immigrants: M/Advocates, a law firm specializing in immigration recently released its 2015 comparison chart including evaluations for 23 residence programmes worldwide. The chart points out that the UAE remains a popular destination for both European and third world immigrants. Read more

UAE enhances bilateral ties with Lithuania, Spain, Belize, Chad, Italy and Liechtenstein: During the 70th UN General Assembly in New York Foreign Minister H.H Sheikh Abdullah bin Zayed Al Nahyan met with a number of foreign ministers in order to discuss with them ways to enhance UAE's bilateral ties with their respective countries. Read more

Mohamed Bin Zayed and Putin Discuss Bilateral Relations: His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces have discussed with Russian President Vladimir Putin, ways to strengthen bilateral relations, as well as regional and international issues of mutual concern. Read more
Latest News
Benefits of the Cyprus and UAE Double Tax Treaty: The Double Tax Treat between Cyprus and the UAE open a wide array of new tax planning possibilities which benefit many EU and east European entities.The treaty was signed between the two countries in February 2010 and became effective in January 2012. The double tax treaty follows the OECD model convention for tax treaties. Read more
Luxembourg Tax Reforms: On October 14 2015, Luxembourg’s Finance Minister Pierre Gramenga presented the country’s 2016 budget containing certain tax measures to be introduced in 2015 and 2016. The proposed changes include minimum corporate income tax to be replaced by minimum net wealth tax, amendments in net wealth tax rules, etc. Read more
Internet Incorporate Latest News
Hong Kong Welcomes Withdrawal from EU Tax Blacklist:
Hong Kong has welcomed news that it no longer features on the European Commission’s list of “non-cooperative tax jurisdictions.” Read more
Internet Incorporate Latest News
Offshores Flee From Russia: On January 1, 2015 in Russia introduced the law on controlled foreign companies (CFCs). To avoid the provisions of the CFC law, many Russian entrepreneurs seek for alternative solutions. Read more
Cayman Islands and Isle of Man Signed TIEA: On 10 September 2015 Cayman Islands and Isle of Man signed a Tax Information Exchange Agreement (TIEA). Read more 
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