Minimum investment for Property Visa reduced to 750,000 AED

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The minimum investment to apply for a Property Visa in Dubai has been reduced to 750,000 AED, according to information available on the Dubai Land Department’s website. Previously, it was 1 million AED. This option is available through DLD’s Taskeen Programme, and permits an individual who owns a property valued at 750,000 AED or more at the time of purchase … Read More

Alpha Management licensed as a Company Service Provider as part of new ADGM Framework

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Alpha Management Limited has been granted a license by the ADGM Registration Authority to conduct “Company Service Provider” activities in line with the recently introduced ADGM Company Service Provider framework (“CSP Framework”), which became operational on 12th July 2021. The CSP Framework is designed to ensure a robust regulatory regime for company service providers in ADGM that is in line … Read More

100% foreign ownership in mainland companies to start from June 1st 2021

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The previously announced commercial law allowing 100% foreign direct ownership in local UAE companies will come into effect from 1st June 2021, the UAE’s Ministry of Economy has announced. All current and previously licensed businesses in the UAE are eligible to amend their statuses according to the new additions to the commercial companies law. In November 2020, the UAE government … Read More

Round-Up: Crypto businesses in DMCC, new types of UAE residency visas, and number of new DIFC firms grows 20%

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DMCC Crypto Centre Dubai Multi Commodities Centre (DMCC) has announced it will establish a regulatory framework for businesses offering, issuing, listing, and trading crypto-related assets. The “DMCC Crypto Centre” intends to issue bespoke licenses for firms in the crypto space after signing a Memorandum of Understanding with the Securities and Commodities Authority (SCA). The two authorities will collaborate to approve … Read More