The current pandemic is changing the way the world does business but that is no reason to stop all together. Alpha Management is helping their clients to open and administrate companies in all jurisdictions, despite the current situation. We continue to work to meet the goals and objectives of our clients. Whether this is obtaining UAE residency through a Free-Zone … Read More
UAE Economic Substance: MoF issues Covid-19 Industry Advisory Notification
On 28th May, the UAE Ministry of Finance (MoF) issued a Covid-19 Industry Advisory Notification (IAN). The IAN relaxes certain requirements prescribed under the UAE Economic Substance Regulations (ESR) for the period affected by Covid-19. The measures are in line with those implemented recently by offshore jurisdictions such as Jersey, BVI, Guernsey, and Bermuda. ESR applies to every company licensed … Read More
Structuring in UAE: DIFC Foundations and JAFZA
We are pleased to announce a very significant (and potentially crucial) development in that Jebel Ali Free-Zone Authority (JAFZA), the well-established Free-Zone in Dubai, will now accept Dubai International Financial Centre (DIFC) based Foundations to hold shareholdings in JAFZA registered entities. Why is this important? Estate planning ramificationsThe fact that DIFC Foundations will now be accepted as incorporators of JAFZA entities is … Read More
Dubai eases COVID-19 movement restrictions as DIFC announces important new emergency measures
The Supreme Committee of Crisis and Disaster Management has announced a partial reduction in the restrictions on movement in Dubai starting from Friday 24th April 2020. Businesses can partially re-open with a maximum of 30% of the workforce allowed to work from their offices while the rest will be required to work from home. Meetings should be held at the … Read More