Dubai launched a transformative initiative that simplifies and enhances the efficiency of doing business across its free zones, the One Freezone Passport. One of the earliest adopters of this initiative is Louis Vuitton, which became the first global brand to benefit from the new system. It expanded its presence from Jebel Ali Free Zone (JAFZA) into the Dubai World Trade Centre (DWTC) in just five working...
In a significant shift toward global financial alignment, the European Commission has officially removed both Gibraltar and the United Arab Emirates (UAE) from its list of high‑risk third‑country jurisdictions regarding anti-money laundering (AML) and counter-terrorist financing (CFT) controls. This update brings the EU closer in sync with the Financial Action Task Force (FATF), which had already...
Starting in February 2025, a landmark change to Saudi Arabia's investment framework will take effect. The updated Investment Law allows companies to cover two distinct business activities under one registration. This tweak may seem minor, but in practice, it provides significant flexibility and efficiency for investors. Let's delve into what this means, why it matters, and how to maximise its...
From 2 January 2025, several key amendments to the British Virgin Islands (BVI) company law have come into force. Companies already established in the region should be aware of these changes, as some have practical implications for their operations. Here are the main updates and their impacts on BVI companies.Setting up a BVI International Business Company (IBC) is a popular choice for global...
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