Dr. Iranbomy - Lawyers in Dubai - Dubai Rechtsanwalt
Dubai Lawyer Attorney Dr. phil. Iranbomy.
Iranian Lawyer
Lawyers in Dubai - Dubai Rechtsanwalt (Dubai German Iran Law) was founded by Dr. phil. Iranbomy.He has completed studies and conducted research in the fields of business engineering, international relations and jurisprudence in Oxford, Geneva, Strasbourg, and Germany.
Since 1993,Dr. Iranbomy has been working as an active adviser in economic und legal projects worldwide. In particular, he advises international clients wishing to capture a share in the rapid economic development of the UAE and simultaneously profit from the advantages of tax exemption in respect of company profits and real property gains.
Attorney Dr. phil. Iranbomy, cooperates worldwide with competent and experienced lawyers, tax consultants and accountants from countries of the Gulf Cooperation Council,
Afghanistan, the UAE, the USA, Vietnam, China, Germany,Persia.
As part of this cooperation, "Lawyers Duba" (Dubai German Iran Law) provides legal advisory services to clients in the following areas:
Company and Investment Law,
Labour and Bankruptcy Law,
Criminal and Immigration law,
Islamic Law,
Mediation and Arbitration Law.
Further fields of law may be handled on inquiry.
Lawyers Dubai - Dubai Rechtsanwalt is familiar with the problems arising in connection with the implementation of legal and economic projects in other countries and cultures.
"Lawyers Dubai" (Dubai German Iran Law) understands its role as the key to the mastering of cultural und legal complexities in today’s world which has grown so close together.
"Lawyers Dubai" (Dubai German Iran Law) objective is to provide its clients close cooperation with qualified jurists throughout world in conducting cross-border transactions, investments and marketing.
We are lawyers without borders, Rules and Regulations, in Dubai Legal System
A comprehensive framework of legislation ensures that business in the UAE is conducted in a fair and orderly manner. There are laws and regulations dealing with commercial transactions, intellectual property, labour and other aspects of business life. In UAE Federal Courts are in all emirates except Dubai and Ras al-Khaimeh, which have retained their local courts. Dubai Court of First Instance handles civil and criminal cases as well as personal status cases (e.g. wills, divorces, etc). All court decisions may be brought to the Dubai Court of Appeal. Thereafter, a final appeal may be made to the Dubai Court of Cassation. The Civil Department of Dubai's Court of First Instance has jurisdiction over labour, civil and commercial transactions, as well as personal status cases relating to Non-Muslims with residence in Dubai.
Lawyers Dubai - Dubai Rechtsanwalt Real Estate - Tax- Investment :
Busines Dubai Land Ownership
In Dubai foreign companies and individuals are generally not permitted to own land or real estate for business purposes. All property must be rented or leased for the purposes of running a business, except in the free zones – Dubai Internet City, Dubai Media City, Dubai Gold and Jewellery Park and Dubai Marina – or any other places in Dubai where special concessions are available. In 2002, freehold ownership for UAE nationals as well as expatriates in certain select property developments was introduced in Dubai.
Dubai Trade regulations and practices:
The UAE is a member of the World Trade Organization. Legal imports to Dubai can be undertaken only by importers with the appropriate trade license. Import duties have been largely standardized at four per cent, but there are many exceptions, including food, building materials, medical products and any item destined for some of the free zones and the Airport. Food products must carry dates of manufacture and expiry and meat for the local market must have a certification to prove compliance with Islamic Law (Shariaa).
Trade practice in Dubai is in line with normal oriental and international standards. All correspondence with the trade administrations should be in Arabic or English. As a sophisticated Market, full technical specifications should be provided with CIF Dubai prices and Middle East references. Payments are normally effected by letter of credit in Dubai.
Dubai Taxation
In Dubai no corporate tax has to be paid. The only exceptions to this are oil-producing companies and branches of foreign banks. Furthermore here are no personal taxes. Direct taxation is against the old traditions of the UAE and it is highly unlikely that it will be introduced in the near future.
Dubai Exchange control
In Dubai are no exchanges controls. Its currency, the UAE dirham, is linked to the US dollar, being measured by the oil prices. Since 1977 the exchange rate has remained at Dhs 3.67=US$1.
Dubai Banking and Finance
The UAE Central Bank has been the regulatory authority since 1980. Federal law in UAE restricts foreign banks to no more than eight branches each and requires that every commercial bank has a paid-up capital of at least Dhs 40 million. Currently only few investment or merchant banks are working in Dubai.
For medium- or long-term industrial finance, local companies can approach the Emirates Industrial Bank, set up by the UAE government with an initial capital of Dhs 500 million. The aim is to help develop the private sector.
Dubai Visa Regulations of German Citizens
German citizens and citizens of many other European countries can get Visa to stay in UAE for 60 days. The Visa is renewable for a total stay of 90 days for a fee of Dhs 500. A penalty charge of Dhs 100 per day is imposed on visitors who overstay. German citizens may apply to the UAE embassy in Germany for one- or two-year Multiple-Entry Visa. Therefore no sponsor is required.
Notice:
All information’s are from Dubai Business Today. Please note that this information was correct at the time of preparing the article. Please check with your lawyer for the latest information and changes.
Contacts: Rechtsanwalt Dr. phil. Seyed Shahram Iranbomy Tel.: + 49 (0) 700-9019 901 E-Mail: info@lawyers-dubai.com |
