Dubai becomes more crypto-friendly
The Dubai Multi Commodities Center (DMCC), a renowned economic free zone in Dubai is to allow licensing for firms that offering, issuing, listing and trading crypto assets.
20. March 2021
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The Dubai Multi Commodities Center (DMCC), a renowned economic free zone in Dubai is to allow licensing for firms that offering, issuing, listing and trading crypto assets.
The UAE is one of the world’s fastest-growing tax havens according to The Corporate Tax Haven Index 2021.
Strategic location of Dubai, in the middle between Europe, Africa and Asia and excellent conditions for doing business have created in recent years from Dubai the brand on its own.
In a landmark citizenship policy change, the UAE is to allow for the naturalisation of foreign investors, skilled professionals.
On 24 December 2020, after a referendum on Brexit, the UK and EU concluded a free trade agreement worth of 660 billion, the biggest in history.
On 23 November 2020 the government of the United Arab Emirates officially announced that foreign investors can fully own local companies (LLC and joint stock companies) without the need for an UAE citizen sponsor currently required to hold the 51% majority.
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