UAE reboot raises concerns over ownership and tax | Arab News:
"At the iftar gathering held by the Dubai Media Office this week, all the conversation was about the big changes to the UAE’s visa and corporate structure announced a few days before, which were heralded as a “reboot” for the country’s economy and business environment.
It was on the mind of Sheikh Mohammed bin Rashid Al-Maktoum, prime minister of the UAE and ruler of Dubai, who has taken the lead in promoting the new measures. “Do you think it will work?” he asked when an iftar guest congratulated him on the initiatives.
It would have been a brave man or woman who answered “no,” but away from the formalities, there was much talk among expatriates and Emiratis about the pros and cons of the proposals, and the challenges they present for business in the UAE."
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