News
UAE now allows 100% Foreign Ownership of Maritime Businesses
Foreign Ownership of Maritime Businesses The UAE Government has announced foreign ownership of maritime businesses in the country are now allowed. It follows the issuing of the positive list which is the official list of the commercial activities in which 100% foreign ownership is allowed. It will allow people to register vessels under the Emirati…
Exporters & Importers: Are you prepared for change in INCOTERMS effective Jan 2020
International Exports and Imports International sale of goods involve multiple parties and jurisdictions. Each transaction is a complex one. International Commercial terms, commonly referred to as Incoterms, aims to smoothen the complicated international trade process. It is a set of pre-defined and universally accepted commercial / contractual terms for international sale of goods. Incoterms clearly…