As of the 1st of January 2023, multiple amendments to the BVI Business Companies Act will come into force, with some of them being purely technical and some game-changing.

As recently announced by the UAE Federal Authority for Identity and Citizenship, effective 3 October 2022, all newly issued and/or renewed visas will have a validity of 2 years maximum (previously up to 3 years).

In the last days of September 2022, the Court of Justice of the European Union (ECJ) ruled that a written agreement concluded between parties can be regarded as an invoice for VAT purposes.

First introduced in 2021 and included in the governmental ‘Strategy for Attracting Businesses’, the Cyprus Digital Nomad Visa Scheme is an innovative alternative to regular work permits – and a great chance for as many as 500 location-independent specialists to work remotely from the comfort of sun-soaked Cyprus.

Once you are ready to relocate, or launch a new business in UAE, the next step is to decide whether it should be a Freezone, an Offshore or a Mainland establishment.

A ‘mainland’ company is an entity that is licensed to conduct business anywhere in the Emirates, with no restrictions on trade between other businesses and no limits in terms of location.