Knightsbridge Group

Why More US Citizens – Especially Those Living in the Middle East – Are Applying for an Irish Passport Search demand from Americans seeking a second passport has increased dramatically in recent years, with terms such as: “How to get Irish citizenship through grandparents” “Irish passport for Americans” “EU passport for US citizens” “Irish dual citizenship USA” “Irish citizenship by descent” “Second passport for Americans” “Move to Europe from the USA” “Best EU passport for Americans” continuing to trend strongly online. At Knightsbridge Group, we are seeing a significant increase in enquiries from American citizens – particularly those living and working in the UAE, Saudi Arabia, Qatar, Bahrain, and across the wider Middle East – who are exploring Irish citizenship as part of a broader international mobility and family legacy strategy. For many US nationals, Irish citizenship offers something increasingly valuable in today’s world: European Union access Greater international flexibility Long-term family security Lifestyle diversification Education opportunities Global mobility A strategic “Plan B” citizenship  Why Americans Are Looking for a Second Passport The number of Americans exploring second citizenship and residency options has grown substantially over the past decade. Many US citizens are now actively searching online for: “Best second passport for Americans” “Countries Americans can get citizenship through ancestry” “EU citizenship by descent” “How to get a European passport as an American” “Dual citizenship USA and Ireland” Several global trends are driving this demand: Geopolitical uncertainty International tax considerations Increased global mobility Remote working trends Family security planning Access to Europe Education opportunities for children Retirement and relocation planning For Americans based overseas – particularly in the Gulf region – these considerations are often even more important. Why Ireland Is So Attractive to Americans Ireland remains one of the most attractive citizenship jurisdictions available to Americans for several important reasons.  Ireland Is Part of the European Union  An Irish passport provides full European Union citizenship rights. This means Irish citizens can: Live across Europe Work in EU countries Study throughout the EU Access European healthcare systems Travel freely throughout the Schengen Area For Americans seeking access to Europe without complex visa restrictions, Irish citizenship is exceptionally valuable. Ireland Allows Dual Citizenship One of the biggest concerns Americans often have is: “Can I keep my US passport if I get Irish citizenship?” In most cases, yes. Ireland permits dual citizenship, meaning Americans can usually retain their US nationality while also obtaining an Irish passport. This makes Ireland particularly attractive compared to jurisdictions with stricter nationality restrictions. Irish Citizenship Through Grandparents Many Americans are surprised to discover they may already qualify for Irish citizenship through ancestry. Common Google searches include: “Irish citizenship through grandparents” “Can I get Irish citizenship if my grandmother was Irish?” “Irish passport through ancestry” “Foreign Births Register Ireland” Under Irish nationality law, many Americans may qualify if they have: An Irish-born parent An Irish-born grandparent In certain cases, earlier Irish ancestry already registered through Ireland’s Foreign Births Register For millions of Americans with Irish roots, this creates a genuine pathway toward an EU passport. Americans in the Middle East Are a Growing Target Market At Knightsbridge Group, we are seeing particularly strong interest from Americans currently living in: Dubai Abu Dhabi Riyadh Doha Bahrain Kuwait Oman Many American expatriates in the Gulf region are internationally mobile professionals, entrepreneurs, investors, and executives who increasingly value: Global mobility International banking access European relocation flexibility Family education planning Long-term residency diversification For this demographic, Irish citizenship offers significant strategic advantages. An Irish passport can create future opportunities for: Relocating to Europe Establishing European businesses Accessing EU education systems Family succession planning International retirement planning Many Americans living in the Middle East are also increasingly aware that obtaining a second citizenship can become substantially more difficult later in life if planning is delayed. Why Irish Passports Are So Powerful The Irish passport consistently ranks among the world’s strongest travel documents. Benefits include: Visa-free access to much of the world Access to Europe and the UK Strong international reputation High global mobility rankings Access to EU business and investment environments Ireland also benefits from: Political stability Strong legal systems English-speaking environment International business connectivity High quality of life The Process Can Be Complex Despite the attractiveness of Irish citizenship by descent, the process itself can become highly technical. Applicants often require assistance with: Birth certificates Marriage certificates Genealogy tracing Name discrepancies Foreign Births Register applications Legal certifications Apostille procedures Irish passport applications This is particularly true for Americans whose Irish ancestry dates back multiple generations. How Knightsbridge Group Assists American Clients At Knightsbridge Group, we assist American clients globally – including those based throughout the Middle East – with Irish citizenship and ancestry-based applications. Our team works alongside specialist immigration, legal, and genealogy professionals to help clients: Assess eligibility Gather supporting documentation Navigate the Foreign Births Register process Coordinate international certifications Structure applications correctly Manage Irish passport applications We understand that for many clients, this is not simply about obtaining a second passport – it is about securing future opportunities for themselves and their families. Irish Citizenship as Part of International Planning Increasingly, Irish citizenship is becoming part of broader international planning strategies involving: Wealth preservation Family office planning International relocation European investment Global tax planning Education access Retirement planning Intergenerational legacy structures For internationally mobile Americans living in the Gulf region, Ireland provides a unique combination of: Heritage connection European access Stability Mobility Long-term optionality Why Demand Is Expected to Continue Rising Global demand for second passports and international residency rights is unlikely to slow in the coming years. Search trends continue to show growing interest in: “Best EU passport” “Second citizenship for Americans” “Irish dual citizenship” “Move to Europe from the USA” “European passport through ancestry” As international uncertainty continues to evolve, Irish citizenship remains one of the most respected and practical long-term solutions available to Americans worldwide.  Contact Knightsbridge Group If you are an American citizen with Irish ancestry – particularly if you are based in the UAE or the wider Middle East – the team at Knightsbridge Group can assist you in exploring your eligibility for Irish citizenship and a European passport. Secure your European future. Reconnect with your Irish heritage. Create long-term opportunities for the next generation.  

Dubai has unveiled a comprehensive development strategy aimed at positioning the city as the world’s most liveable and healthy urban environment by 2033. The plan includes sweeping initiatives across green infrastructure, education, aviation, healthcare, sports, and financial governance, reflecting Dubai’s commitment to long-term sustainability, wellbeing, and economic resilience. The new measures were approved by The Executive Council of Dubai, chaired by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, as part of the broader Dubai Plan 2033 under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. 1. Expanding Green Spaces: 310 New Parks and 800 Public Green Projects A central pillar of the plan is the Public Parks and Greenery Strategy, which will deliver more than 800 new urban green projects, including: 310 new public parks Upgrades to 322 existing parks 120 additional open recreational spaces 14 smart-technology-led sustainability initiatives The city also plans to triple its total number of trees and expand green areas to 187 square kilometres, ensuring that 80% of residents will live within a five-minute walk of a neighbourhood park. All irrigation systems will operate on 100% recycled water, reinforcing Dubai’s sustainability commitments. 2. Aviation Expansion: 15,000 New Jobs and Global Talent Development As Dubai continues its rise as a global aviation powerhouse – particularly with the expansion of Al Maktoum International Airport – the Aviation Talent 33 programme will: Create 15,000 new skilled jobs Provide 4,000 specialised training and upskilling programmes Establish 30 new international aviation partnerships Support the integration of Emirati talent into strategic sector roles This aligns with Dubai’s broader goals to double the size of its economy, attract AED 650 billion (USD 177 billion) in foreign investment, and increase Emirati participation in private-sector growth. 3. Strengthening Education: 60 New High-Quality Affordable Schools Dubai has approved a new Affordable Schools Policy designed to increase access to high-quality education while reducing cost barriers for families. The initiative will result in: 60 new affordable schools by 2033 120,000 new classroom seats Incentives for private investors, including reduced land leases and lower licensing fees The move supports the Dubai Education Strategy 2033, which aims to position Dubai among the top 10 cities globally for education outcomes. 4. Advancing Preventative Healthcare A new healthcare programme focusing on early medical detection and preventative care aims to increase life expectancy and reduce chronic disease rates. Key targets include: 40% increase in early colon cancer screening 50% expansion in vaccination coverage Appointment waiting times reduced to 7 days or less 90%+ patient satisfaction rates Sheikh Hamdan reaffirmed that early health intervention is both a personal and national priority, calling it “an investment in the future wellbeing of society.” 5. Turning Dubai into a Global Sports Capital Under the Sports Sector Strategy 2033, Dubai will expand support for: Professional and youth athletes International sports events Investment and development in 17 priority sports The programme includes 75 initiatives to position Dubai as a leading global sports hub, enhancing community wellbeing and international cultural engagement. 6. Reinforcing Financial Stability and Business Confidence A new Financial Restructuring and Insolvency Court will establish a specialised legal framework for restructuring, insolvency, and corporate recovery. This strengthens Dubai’s position as a top-tier international financial centre by: Protecting creditor and investor rights Ensuring business continuity Encouraging efficient recovery instead of forced liquidation A Unified Vision for the Next Decade Commenting on the initiatives, Sheikh Hamdan said: “We are building the world’s most liveable city – one that balances nature, innovation, health, and opportunity for future generations.” Knightsbridge Group Commentary Dubai’s 2033 initiatives signal strong, forward-looking policy stability, supporting long-term investment across: Real estate and development Education and healthcare infrastructure Aviation and logistics Sports, hospitality, and leisure sectors For international investors, families, and companies, the strategy reinforces Dubai’s position as a secure, growth-oriented environment for living, building, and investing. Knightsbridge Group continues to assist clients in navigating company formation, residency planning, investment structuring, and market entry as Dubai accelerates into its next phase of global leadership.

Caribbean citizenship-by-investment programmes have come under closer review over the last year as global standards on transparency tighten. The OECD has introduced new measures calling for deeper background checks and greater data sharing between governments to limit tax evasion and financial misconduct. In response, regional authorities are updating their approval systems and disclosure rules, which is already changing how investors prepare applications and the type of information they need to provide. The sections below explain how the OECD’s standards are taking shape, how Caribbean states are responding, and what investors should expect as the new framework comes into force. Understanding the OECD’s new standards The OECD’s reforms build on its Common Reporting Standard, a global framework designed to stop people from using multiple citizenships or accounts to hide wealth from tax authorities. The new rules go further, urging countries that offer citizenship-by-investment programmes to confirm the real tax residency of every applicant and share verified data when needed. This means governments will have to match their background checks with stricter financial disclosure and closer cooperation between agencies. For investors, the practical change lies in how information is gathered and verified. Source-of-wealth evidence will face greater scrutiny, and inconsistencies between jurisdictions will be flagged faster through automatic exchange systems. While the aim is to improve transparency across borders, the process places new responsibility on both applicants and local authorities to prove the integrity of each citizenship file. Caribbean programmes under review Caribbean governments have moved quickly to show cooperation with the OECD and the European Union. The five countries that run citizenship-by-investment programmes, St Kitts and Nevis, Dominica, Grenada, St Lucia and Antigua and Barbuda, signed a joint agreement earlier this year setting new standards for how their schemes are run. The framework includes a shared minimum investment level, tighter vetting procedures and greater exchange of applicant data with international partners. Some jurisdictions have already revised their rules or paused specific routes while they upgrade due diligence systems. St Kitts raised its minimum contribution to USD 250,000, while Dominica and Grenada introduced independent audits of their CBI units and additional layers of background screening. The aim is to keep these programmes credible and protect their visa-free access arrangements with the EU and the UK. These steps mark the first coordinated effort across the region to apply shared standards, giving the programmes a stronger footing with international partners. What this means for investors For investors, the reality is a slower, more detailed process as scrutiny deepens under the new framework. Background checks that once took weeks may now take months as governments verify financial records, source of wealth and tax residency with greater precision. Applicants will need to prepare more detailed documentation and expect follow-up questions where information doesn’t line up across jurisdictions. The process is starting to resemble enhanced due diligence in financial services, with clearer templates for wealth verification and third-party data checks. This makes consistency more likely but also means applicants have to plan carefully. The new reporting system also limits the privacy these programmes once offered. Tax authorities now share information automatically, so each file needs to present an accurate picture of an investor’s income, assets and residence status. Gaps or inconsistencies can slow approval or trigger further review. Fees and minimum investment levels may also increase as governments cover the higher costs of compliance. Investors who prepare early, keep their records organised and work with experienced advisors will find the process smoother and less open to delay. Outlook for 2025 and beyond Over the coming year, the Caribbean programmes are expected to settle into a more uniform structure as the OECD standards take hold. Processing may stay slower, but governments are likely to balance stricter checks with predictable procedures once systems mature. For applicants with clear financial records and well-documented sources of wealth, legitimate routes will remain open. These programmes continue to serve investors who value global mobility and portfolio diversification, though the path now demands more preparation and transparency. Demand is expected to stay steady, with greater interest in jurisdictions that show strong compliance and stable international relationships. As reforms bed in, confidence will depend less on speed and more on the quality of compliance behind each application, shaping how both governments and investors approach citizenship planning in the years ahead. How can The Knightsbridge Group help? The Knightsbridge Group supports investors through every stage of the citizenship and residency process, from preparing financial records to coordinating with programme authorities and international partners. Our experience across multiple jurisdictions means clients receive practical guidance that fits both current OECD standards and local due diligence rules. To discuss your plans or review an existing application, contact [email protected].  

Starting in February 2026, the United Kingdom will introduce major changes to its travel entry requirements – affecting how visitors, dual citizens, and frequent travellers enter the country. These updates are among the most significant in decades and can affect travel planning, airline check-in procedures, and documentation requirements.  Key Change: “No Permission, No Travel” From 25 February 2026, the UK will fully enforce its Electronic Travel Authorisation (ETA) system – a digital pre-travel permission designed to streamline immigration checks and improve border security. Under this new regime: Most visa-free travellers (e.g., citizens of the United States, Canada, EU, Australia, and other eligible countries) must obtain an ETA before departure, even for short visits. Airlines, ferry operators, and rail carriers will deny boarding to travellers who do not hold an approved ETA or valid UK immigration status at check-in. An ETA is not a visa; it is a mandatory travel authorisation for eligible visitors. The timing and enforcement of this system are part of the UK Government’s broader plan to digitise its border controls, similar to systems such as the U.S. ESTA or Canada eTA.   What This Means for Different Travellers  1. Visa-Exempt Visitors If you currently enter the UK without a visa – for tourism, business, or short-term trips – you must secure an ETA before travel. This includes travellers from: United States Canada Australia New Zealand EU/EEA countries and several other eligible passport holders. The ETA application is digital and typically processed within days, but authorities recommend applying well in advance of travel to avoid disruptions.  2. British and Irish Citizens (Including Dual Nationals) British and Irish citizens are exempt from needing an ETA, as they do not require formal authorisation to enter the UK. However, the way their status is checked has changed: Dual British citizens (those holding another nationality as well as British citizenship) are now expected to travel on a British passport when entering the UK. Travelling on a foreign passport alone, even one that would normally permit visa-free travel, is no longer accepted because: Dual citizens cannot obtain an ETA with the foreign passport Carriers must confirm travel authorisation prior to boarding If they cannot demonstrate exemption, airlines may refuse boarding. Alternatively, British citizens can use a Certificate of Entitlement to the Right of Abode in a foreign passport to prove their right to enter, although this is a less common and more expensive option.   3. Implications for Frequent and Business Travellers For regular travellers, global mobility teams, and organisations that send staff to the UK: Passport and travel document tracking becomes critical Travel policies must be updated to ensure valid ETAs are obtained before booking flights Expired passports or mismatched digital records can trigger boarding refusals or entry delays Companies and frequent flyers must ensure that documentation evidence clearly matches immigration status at the point of departure — not just at entry.  Why These Changes Matter  The enforcement of the ETA regime represents a shift from post-arrival checks to pre-departure screening. Previously, many carriers relied on later border checks to resolve eligibility questions. From February 2026, UK border policy will operate much more like the modern “no permission, no travel” systems seen in North America and parts of Asia. This means lawful status alone, such as having the legal right to enter the UK, is not enough unless it can be evidenced in an airline-verifiable format (passport, ETA, visa, or approved certificate).  Practical Steps for Travellers Here’s how to prepare for the new rules: Check if you need an ETA. Most visa-free nationalities do. Apply early through the official UK ETA portal, decisions can take up to a few days. Ensure your passport is valid and matches your ETA application. If you are a dual British citizen, travel using your British passport or obtain a Certificate of Entitlement. Check carrier requirements before booking, carriers will enforce airside checks from 25 February 2026.   What Has Not Changed While travel requirements and document checks are evolving: The legal right to enter the UK for British citizens has not changed Changes do not affect visa conditions for longer-term stays, work visas, or residence permits Irish citizens still enjoy Common Travel Area rights, but must use appropriate identity documents aligned with UK and Irish border requirements Final Thought The UK’s travel regime in 2026 reflects a global trend toward greater pre-departure screening and digital authorisation frameworks. For international travellers, dual citizens, and global mobile professionals, understanding and adapting to these changes now will avoid costly disruptions, denied boardings, or last-minute complications.

Business dealings in Dubai can run smoothly for years, yet disputes are part of commercial life. A contract may be breached, payment withheld, or a partnership come to an end. When that happens, the parties often have no choice but to take the issue before the courts. Dubai is unusual in having two parallel systems that hear civil and commercial cases. The local courts follow UAE procedure, while the DIFC Courts operate independently with their own framework. Which forum you use shapes the process, from filing to judgment, and can influence timing, cost, and enforcement. The sections below explain how cases are filed in each. Jurisdiction and choice of court When contracts are drafted in Dubai, one of the most practical points to settle is which court will hear disputes. If there’s no clause on jurisdiction, cases with a local link usually fall to the Dubai Courts. Proceedings there are in Arabic, they follow UAE civil procedure, and parties need certified translations of their documents. The DIFC Courts give a very different route. They apply common law, conduct hearings in English, and have a reputation for handling cross-border cases. What makes them stand out is the opt-in clause. A single line in a contract can move future disputes into the DIFC system even if the dispute itself has nothing to do with the free zone. That’s why many contracts with foreign parties include it by default, especially if judgments need to be enforced abroad or complex finance issues are at stake. Filing a case in Dubai Courts Filing and registration A case in the Dubai Courts begins with a detailed statement of claim that sets out the dispute, the legal basis, and the remedy being sought. It’s filed online through the court portal and the fee is paid at that stage. Fees are linked to the value of the claim but are capped at AED 40,000 for civil and commercial disputes. Once the claim is accepted, the court registers it and serves the defendant, usually by electronic notification though bailiffs are still used in some cases. Hearings, judgment, and appeal From there the file moves into case management, where a judge checks the pleadings and evidence before fixing hearing dates. Hearings themselves are brief, sometimes only a few minutes, because most submissions are handled in writing. Since proceedings are in Arabic, every contract or piece of evidence in another language has to be translated by a certified translator, and this is often where delay and extra cost arise. Judgments in straightforward cases are often issued within a few months. Appeals must be filed within 30 days, first to the Court of Appeal and then, on points of law, to the Court of Cassation. Once a judgment is final it goes to the execution court, which has broad powers to enforce payment by freezing accounts or attaching assets. Filing a case in DIFC Courts Unlike the Dubai Courts, where every claim starts with a detailed statement in Arabic, the DIFC process begins with a simple claim form filed through the eRegistry and the fee paid at the same time. Once the case is accepted it’s assigned to a judge, who sets the timetable for how it will move forward. The system is designed to be fast and accessible, and in practice most filings are handled online without difficulty. Procedure also feels different to the local courts. Judges hold case management conferences, timetables are fixed early, and disclosure of documents is broader. Hearings are often longer and more detailed, reflecting the common law style. Because everything is in English, parties avoid the cost and delay of translating contracts and witness statements, which is often a deciding factor for international businesses. Appeals go to the DIFC Court of Appeal and in limited cases to the Court of Cassation. Judgments can be taken into the Dubai Courts for enforcement and are often easier to rely on abroad, so this route is frequently written into contracts where cross-border enforcement is expected. Practical considerations when choosing where to file When weighing the two court systems, the decision usually comes down to priorities rather than a single feature. For businesses trading mainly within the UAE, the Dubai Courts often provide a more direct route to enforcement, while for cross-border contracts the DIFC’s links to international recognition can be more persuasive. The nature of the dispute also carries weight. Complex finance or shareholder issues are often better suited to the DIFC, where judges have international backgrounds and cases are managed in a common law style. By contrast, local trade disputes or straightforward debt claims tend to move more smoothly through the Dubai Courts. Cost also plays a part. DIFC’s higher fees may be justified if the case is document-heavy, conducted in English, or likely to need recognition abroad. For claims centred on straightforward obligations or local dealings, the Dubai Courts tend to be the more practical option.

Under the 2025 guide, a Family Foundation is defined (for tax purposes) as any foundation, trust or similar entity used to hold family wealth – including real estate, investments, assets, and holdings – provided it meets the requirements of Article 17(1) of the Federal Decree‑Law No. 47 of 2022 on Corporate Tax. Importantly: It is not a new type of legal entity per se – rather it’s a tax-treatment classification for existing structures (foundations, trusts, other entities) that meet certain criteria. This means that a foundation set up in a Free Zone such as DIFC (or equivalent zones such as RAK ICC or ADGM) can qualify – and likewise, a foreign foundation/trust owning UAE property may also qualify under the right conditions. For wealth-holding, real-estate, and cross-jurisdictional families, the Family Foundation concept offers a powerful, flexible, and globally respected structure – now backed by clear UAE tax law.  What Conditions Must a Family Foundation Meet? To qualify as a “Family Foundation” (eligible for favourable tax treatment), the structure must satisfy all of the following under Article 17(1): Beneficiary Condition: Beneficiaries must be identifiable natural persons and/or public-benefit entities. Principal Activity Condition: The main activity of the foundation must be limited to receiving, holding, managing, investing or disbursing assets/funds – i.e. wealth/asset management, not operating an active business. No “Business Activity” Condition: The foundation must not conduct commercial/business activities that a natural person would need a licence to perform. No Tax-Avoidance Purpose: The foundation’s purpose must not be primarily tax avoidance. If the foundation’s objective is simply asset/wealth holding, investment, inheritance or charitable benefit, it passes. If Distributions Are Made to Public-Benefit Entities: Additional rules apply – distributions of income to public entities must be made within defined timeframes for the foundation to retain its status. Importantly, unincorporated trusts (such as those formed in DIFC or ADGM) which have no separate legal personality are by default treated as unincorporated partnerships for tax purposes – i.e. fiscally transparent – and may not need a separate “application,” although they still must meet the beneficiary/principal-activity conditions if regarded as a Family Foundation. What the Tax Treatment Now Means – Major Benefits for Investors  Fiscally Transparent – Not Taxed at Foundation Level If approved, a Family Foundation (or trust/structure treated as such) will be treated as an Unincorporated Partnership – meaning the foundation itself is not subject to corporate tax. Instead, any income (rental income, capital gains, dividends, interest, etc.) flows through to the beneficiaries. Implication: Real estate investors, families and beneficiaries can benefit from UAE property income and gains – potentially with 0% UAE corporate tax, provided the recipients are natural persons (or certain exempt public-benefit entities). Multi-Tier Structures Are Supported If the Family Foundation owns other legal entities (e.g. companies, SPVs, holding vehicles), those can also be treated as transparent – provided they are wholly owned and controlled by the foundation, and the entire structure meets the Article 17 conditions. This allows complex family holdings – real estate, shareholdings, investments – to be inside a single transparent vehicle, with consolidated tax treatment. Very advantageous for families with multi-jurisdictional assets or mixed real estate + corporate holdings.  Flexibility for Foreign Foundations or Non-UAE Residents  The guide explicitly allows foreign foundations/trusts to qualify – provided the conditions are met. For many global families, this provides significant flexibility without needing to re-domicile to UAE. Streamlined Compliance – Registration + Annual Confirmation  Applicable foundations must register for Corporate Tax with the FTA via EmaraTax. Once approved, foundations (and wholly-owned subsidiaries) must file an Annual Confirmation (within 9 months of the end of each tax period) to confirm they continue meeting the qualification conditions. If at any time the conditions are not met, the “transparent” status is lost – which would render the foundation (and underlying entities) taxable as standard corporate vehicles. This encourages robust compliance, substance, and proper governance – making the structure robust, defensible, and sustainable over the long term.  Why a DIFC (or Other Free Zone) Foundation Is Often the Best Option in 2025  For investors and families – especially high-net-worth, multi-jurisdictional or globally mobile – a foundation formed under a reputable Free Zone foundation regime like DIFC offers a unique combination of: Legal certainty: DIFC operates under English common law-inspired legislation; recognized globally. Tax efficiency: When approved as a Family Foundation, it can deliver 0% UAE corporate tax on UAE-sourced income/gains. Succession Planning & Estate Structuring: Clear governance, beneficiary designation, asset protection, and intergenerational transfer mechanisms. Asset Protection & Confidentiality: Assets are held under the foundation rather than under individual names. Flexibility: Works with real estate, investments, shareholdings, cross-border holdings, trusts — and supports multi-tier structures. Ease of Compliance (relatively): Once structured and approved, ongoing obligations are limited to annual confirmation, record-keeping, and governance maintenance – far simpler than operating a fully licensed commercial entity. For families investing in property, operating businesses, or building multi-asset portfolios – especially across jurisdictions – a DIFC Family Foundation often represents a best-in-class structure in 2025. What This Means for Clients of Knightsbridge Group  At Knightsbridge Group, our depth of experience in setting up mix-jurisdiction wealth structures, real estate holdings, and corporate vehicles gives us a distinct advantage. Based on the 2025 FTA guidance, we can: Structure your real estate and asset holdings via a DIFC (or equivalent) Foundation Help prepare and submit the application to FTA for “fiscally transparent” Family Foundation status Set up multi-tier holding structures (foundations + SPVs + operating companies) if needed Ensure full compliance with Article 17 conditions, UBO disclosures, substance requirements, and governance Manage ongoing annual compliance and confirmation filings Provide estate-planning, succession, and asset-protection services — ensuring long-term wealth preservation The result: your assets are protected, tax-efficient, confidential, cross-border ready — and structured to stand the test of time and regulation.  Conclusion: The 2025 Family Foundations Guide Is a Game-Changer The May 2025 Corporate Tax Guide on Family Foundations marks a new era of clarity and flexibility in how wealth is held, protected, and taxed in the UAE. For global investors, expatriate families, real estate owners, and multi-jurisdictional entrepreneurs, a properly structured DIFC Family Foundation (or equivalent) is arguably the most powerful wealth-holding vehicle available in 2025 – offering transparency, tax efficiency, legal certainty, and generational security. At Knightsbridge Group, we believe this is the future of wealth structuring in the UAE – and we are uniquely positioned to help clients turn that future into reality.

For years, international investors seeking European residency and tax efficiency have focused on a narrow group of jurisdictions – most notably Portugal, and more recently Dubai. Italy, by contrast, has often been overlooked. That may now be changing. Quietly, and with far less publicity than some of its European peers, Italy has undergone a notable economic and fiscal turnaround. For globally mobile entrepreneurs, investors, and internationally minded families, this shift is creating a compelling – and still underappreciated – geo-arbitrage opportunity.  Italy’s Economic Repositioning: A Quiet Comeback A decade ago, Italy was frequently cited as one of Europe’s weakest large economies. High public debt, political instability, and slow growth dominated international commentary. Today, the picture looks markedly different. Italy is the 8th largest economy globally by GDP, and 3rd largest in Europe Italian financial markets have outperformed the European average since 2020 Public debt levels have stabilised relative to GDP Exports exceeded €600 billion in 2024, with a substantial trade surplus Thousands of high-net-worth individuals have relocated or returned to Italy in recent years Perhaps most tellingly, major international publications have begun to reassess Italy’s trajectory, noting improvements in fiscal discipline, competitiveness, and reform momentum.  Real Estate: A Contrarian Opportunity While real estate markets in countries such as Portugal experienced dramatic appreciation over the past decade, Italy’s property market followed a very different path. In many regions, values stagnated or declined – not due to lack of fundamentals, but rather structural inertia and underinvestment. For investors, this divergence matters. It suggests: Lower entry prices Greater upside potential A market that has not yet been “priced for perfection” Southern regions such as Puglia, Sicily, and Sardinia in particular continue to offer lifestyle-driven real estate at valuations that would be difficult to replicate elsewhere in Europe.  Italy’s Competitive Tax Regimes (Often Overlooked) Italy has quietly built one of the most targeted and flexible tax regimes in Europe, designed to attract talent, capital, and internationally mobile individuals. Key regimes include:  The Impatriate Regime 50–60% exemption on qualifying employment or professional income Available for up to 5 years (with possible extensions) Designed to attract returning Italians and foreign professionals The 7% Flat Tax for Retirees 7% tax on qualifying foreign income Available for up to 10 years Applies in designated southern municipalities The Lump-Sum Tax Regime Flat annual tax (currently €200,000) on foreign-source income Particularly attractive for high-income individuals Predictability and simplicity are key advantages Researcher and R&D Incentives Up to 90% income exemption for qualifying researchers Available for extended periods One of Europe’s most generous specialist regimes These regimes are profile-specific, not universal – but for the right individuals, they can materially reduce effective tax rates while offering full access to EU residency and services.  Italy’s Investor Visa: Flexibility Without Immediate Relocation Italy’s Investor Visa, introduced in 2017, remains one of the more flexible residency pathways in Europe. Key characteristics include: Investment routes starting from €250,000 (innovative companies), with higher thresholds for other categories Initial residence permit valid for 2 years, renewable thereafter No minimum physical stay requirement to maintain the visa Full Schengen mobility Access to education, healthcare, and public services Unlike some competing programs, the Italian framework allows applicants to obtain visa approval before committing capital, reducing execution risk.  Italy vs Portugal vs Dubai: Different Tools for Different Objectives  These three jurisdictions are often compared, but they serve very different strategic goals.  Portugal Traditionally favoured for citizenship-focused investors Minimal stay requirements Longer timelines and evolving legislative uncertainty Best suited for those prioritising EU citizenship without relocation Italy Lower investment thresholds for residency Strong tax-planning options for those willing to relocate Flexible residency without immediate lifestyle disruption Particularly attractive for those seeking optionality and quality of life Dubai 0% personal income tax World-class infrastructure and ease of doing business No pathway to citizenship Ongoing visa dependency and private provision of services In practice, sophisticated families increasingly combine jurisdictions, using each for what it does best.  The Strategic Lens: Why Italy Merits Reconsideration  Italy is not without challenges. Bureaucracy remains real, and certain sectors — particularly early-stage tech — may face friction compared to other hubs. However, for individuals earning internationally, spending in euros, and seeking: EU residency Lifestyle optionality Long-term tax efficiency Geographic diversification Italy now deserves a more prominent place in strategic discussions.  A Knightsbridge Group Perspective At Knightsbridge Group, we view Italy not as a “replacement” for Portugal or Dubai, but as part of a broader multi-jurisdictional planning conversation. The key question is not where is best, but rather: Which jurisdiction aligns with your objectives, time horizon, and risk tolerance? Italy’s resurgence — economic, fiscal, and lifestyle-driven — makes it a jurisdiction that serious investors should no longer overlook.  Interested in Exploring European Residency and Tax Planning? Knightsbridge Group advises clients on: European residency and investor visa options Cross-border tax planning Relocation structuring Comparative jurisdictional analysis For a confidential discussion tailored to your profile, we invite you to contact our advisory team.

The introduction of personal income tax in Oman marks a structural shift in the Sultanate’s fiscal landscape. For decades, Oman, like much of the GCC, has operated without personal income tax, allowing residents to hold local and international assets with limited tax friction.  That environment is now changing. While final regulations, thresholds, and implementation timelines are still being clarified, the direction of travel is clear: Omani residents will soon need to manage personal income tax exposure in a way that was previously unnecessary. Those who act early will have significantly more planning options than those who wait until legislation is fully in force. This article outlines how Omani residents should begin reviewing and restructuring their local and international assets, lawfully and compliantly, in anticipation of income tax. Why Early Restructuring Matters Once income tax rules are enacted, restructuring becomes reactive, constrained, and often more expensive. Prior to implementation, individuals retain flexibility to: Reorganise ownership structures Separate personal income from investment income Reposition assets geographically and legally Establish compliant holding and succession vehicles Early planning is not about avoiding tax, it is about ensuring tax efficiency, legal certainty, and long-term protection. Step One: Understand What May Become Taxable  Although final legislation is pending, international norms suggest that future Omani income tax may apply to: Employment and consultancy income Dividends and distributions Rental income Business profits Certain foreign-sourced income, depending on residency rules This makes asset location and ownership structure far more important than before. Rethinking Personal Ownership Structures  Many Omani residents currently hold assets personally, including: Overseas real estate Share portfolios Operating companies Family businesses Intellectual property Under an income tax regime, personal ownership can lead to: Annual taxable income exposure Reporting complexity Succession and estate complications Restructuring ownership, before income tax applies, can materially change outcomes. Separating Personal Income from Investment Assets A key principle of modern tax planning is segregation. Rather than receiving income personally, investors may consider: Holding assets through corporate or foundation structures Retaining profits at the holding-entity level Controlling the timing and nature of distributions This does not remove tax obligations, but it allows income to be managed, timed, and structured more efficiently. Using Foundations and Holding Vehicles Well-designed structures can play a central role in income tax planning. Foundations and Similar Vehicles: When used appropriately, foundations can: Separate personal wealth from income-producing assets Support long-term succession planning Provide clarity around beneficiary distributions Reduce fragmented personal income flows Corporate Holding Companies Holding companies can: Consolidate global investments Centralise dividend and rental income Facilitate reinvestment rather than forced distribution Support international tax coordination The suitability of each structure depends on the individual’s residency, asset mix, and family circumstances. Reviewing International Assets and Residency Exposure  Omani residents with overseas assets should conduct a jurisdiction-by-jurisdiction review, including: Where income is generated Where assets are legally held How double-taxation treaties may apply Whether current structures create unintended reporting or tax exposure In many cases, assets were acquired under the assumption of zero personal income tax. That assumption must now be revisited. Succession Planning Takes on New Importance  Income tax often accelerates the need for clear succession planning. Without proper structuring, families may face: Ongoing income tax leakage across generations Fragmentation of asset ownership Cross-border probate and estate issues Restructuring now allows succession to be addressed before tax rules lock in future outcomes. What Omani Residents Should Do Now Before income tax legislation takes effect, residents should: Map all personal and international assets Identify income streams versus capital assets Review current ownership structures Model future income tax exposure Consider compliant restructuring options early This process should be conducted with legal, tax, and cross-border coordination, not in isolation. A Note on Compliance All restructuring should be: Fully compliant with Omani law Aligned with international tax standards Defensible under scrutiny Properly documented Aggressive or artificial arrangements create long-term risk. The objective is resilience, not short-term minimisation. How Knightsbridge Group Can Assist  Knightsbridge Group advises Omani residents, families, and entrepreneurs on pre-income-tax restructuring, including: Asset and income mapping Ownership and holding-structure design Foundation and succession planning Cross-border tax coordination Long-term wealth and residency planning Our approach is strategic, conservative, and designed to withstand future regulatory change. Final Thought Income tax in Oman is not a crisis, but it is a planning deadline. Those who restructure early retain control. Those who wait may find their options narrowed.

The UAE offers several distinct corporate and wealth structuring vehicles, and choosing the wrong one is one of the most common (and costly) mistakes we see investors and families make. DIFC Foundations, RAK ICC companies, and ADGM Special Purpose Vehicles each serve genuinely different purposes, and understanding those differences before you structure is far cheaper than restructuring afterward.Knightsbridge Group’s corporate structuring team works across all three UAE jurisdictions on a daily basis, advising families, entrepreneurs, and investors on which vehicle actually fits their objective, whether that’s asset protection, holding company efficiency, or succession planning. As a fully licensed legal and corporate advisory firm based in Dubai, we don’t default to whichever structure is easiest to set up; we match the structure to the purpose. Here’s how the three compare.DIFC FoundationA DIFC Foundation is a standalone legal entity with no shareholders, established under Dubai International Financial Centre law and modelled on civil law foundation concepts familiar to European clients. It is typically used for wealth protection, succession planning, and holding assets outside of the founder’s personal estate, since assets transferred into a foundation legally belong to the foundation itself, not to any individual.Foundations are particularly well suited to families looking to avoid the complications of Sharia-based forced heirship rules applying to their global assets, and to those seeking a clear, internationally recognised succession structure that operates independently of the founder’s personal circumstances. DIFC Foundations require a registered agent and are subject to DIFC’s regulatory and reporting framework.RAK ICC (Ras Al Khaimah International Corporate Centre)RAK ICC is an offshore company registry offering International Business Companies, commonly used as holding structures for international assets, shareholdings in other companies, and intellectual property. RAK ICC entities are cost-effective to establish and maintain, do not require physical office space in the UAE, and offer full foreign ownership with no local shareholder requirement.RAK ICC is generally the preferred choice for straightforward holding company structures, such as holding shares in an operating business, real estate, or investment portfolios, where the primary goal is efficient, low-cost asset segregation rather than a formal succession or foundation-style structure.ADGM SPV (Abu Dhabi Global Market Special Purpose Vehicle)An ADGM SPV is a special purpose holding vehicle established under Abu Dhabi Global Market’s common law framework, widely used for structuring specific transactions, holding single assets (such as one piece of real estate or one shareholding), and facilitating cross-border investment structures. ADGM’s common law basis and strong regulatory reputation make it a preferred choice for investors whose international counterparts, banks, or co-investors expect a common law structure they recognise.ADGM SPVs are often used where an investment needs to be ring-fenced from other assets or liabilities, such as structuring a single real estate acquisition or a joint venture holding, distinct from broader group structures.Choosing the Right Structure for Your SituationMany sophisticated structures combine more than one of these vehicles, for example, a DIFC Foundation holding shares in an ADGM SPV that in turn holds a specific real estate asset, layering succession protection with transaction-level ring-fencing. The right combination depends entirely on what you’re protecting, from whom, and for how long.How Knightsbridge Group Can HelpChoosing between a DIFC Foundation, RAK ICC company, or ADGM SPV, or combining them, requires a clear understanding of your objectives, whether that’s succession planning, asset protection, or transaction structuring. Knightsbridge Group’s corporate structuring team will assess your specific situation and design the right structure from the outset, avoiding the cost and complexity of restructuring later. Contact our advisors to discuss the right structure for you.

Portugal has been a steady favourite for people building a base in Europe. Its mix of lifestyle, safety and accessible residency through property investment has attracted families and entrepreneurs for years. That model changed in 2023 when the government ended real estate as a qualifying route under the Golden Visa to steer capital into more productive areas. The decision left many asking which options still count, and whether property has any place at all in the updated rules. Interest hasn’t faded. Portugal still offers a clear path to residency in Europe, backed by stable governance and secure long-term rights. The sections below set out how the system now works, which routes are open, and where property fits. What changed in Portugal’s Golden Visa Law No. 56/2023 took effect in October 2023 and reset the criteria for residency by investment. It removed routes based on buying property or placing large capital in a local bank, both widely used for over a decade. The aim is to direct investment toward activity that supports jobs, research and cultural projects. For advisers and investors, this closed the easiest entry point and made room for more structured investments through licensed channels. Fund options have grown as investors look for compliant, diversified ways to participate while keeping exposure to steady sectors. The change has also brought in a broader mix of professionals, from managers to legal teams and administrators who know how to run regulated vehicles. The updated RBI routes Today the programme relies on a smaller set of paths that put money to work in the real economy. The most common is an investment of at least €500,000 in a regulated venture capital or private equity fund. These funds are licensed by Portugal’s securities regulator and run by professional managers who invest across energy, tourism, healthcare and technology. Other recognised routes include creating jobs through a Portuguese company, backing cultural or scientific projects, or setting up a new business that employs local staff. Each path has its own process, compliance checks and reporting, so early legal and financial guidance helps avoid delays. Taken together, these routes now form the core of the programme and replace passive property purchases with managed, transparent investment. The fund route: how it works Under this route, investors buy units in regulated funds run by licensed managers under CMVM supervision. Each fund follows a clear strategy and meets strict audit and reporting standards. Portfolios are often spread across sectors such as energy, technology and tourism, and some keep indirect exposure to property through hotel or development projects rather than individual units. The model is built for oversight and clarity. Investors join a managed structure with independent administration, due diligence and regular reports on performance. Fund terms typically run five to ten years with defined exit points, so timelines and liquidity are known in advance. For many, that mix of reporting, valuations and governance feels easier to live with than the upkeep, tenant issues and legal work that come with owning bricks and mortar abroad. Can real estate still play a role? Direct property purchases no longer qualify, though real estate hasn’t vanished from the picture. Some regulated funds invest in hotel, housing or mixed-use schemes. These count because the investor holds units in a managed vehicle under Portuguese regulation, not deeds to a flat. Before committing, investors should confirm the fund’s CMVM registration, understand its focus and look at its record. Audited statements, clear valuations and plain updates from the manager are good signs. This route keeps a link to property through a controlled structure, giving exposure to development risk and income while staying within today’s legal framework. Why Portugal still appeals Portugal keeps steady interest for straightforward reasons. It’s safe, well run and easy to settle in. The climate is mild, healthcare is strong and living costs compare well with much of Western Europe. The tax regime still helps new arrivals plan, with the Non-Habitual Resident regime and its successor offering defined reliefs for those who qualify. The five-year path to citizenship is a major draw for families who want EU access. And while the rules have tightened, investor confidence has held up. Most view the updates as evolution, and Portugal’s blend of lifestyle, predictability and clear rules keeps it high on shortlists. How The Knightsbridge Group can help The Knightsbridge Group has over a decade of experience advising international families and investors on residency, citizenship and cross-border planning. Our team supports clients through every stage of the Portuguese residency process, from eligibility checks and investment documentation to coordinating applications and renewals with licensed professionals. If you’d like guidance on Portugal’s residency routes or any other citizenship or structuring matter, contact us at [email protected].

A junior associate sits in front of two screens. One shows a lease agreement. The other, an AI tool scanning for gaps. Within seconds, it flags vague terms, missing clauses, and possible risk points. What once took hours now takes minutes. This scene is becoming common in legal offices around the world. AI tools are being used to review documents, research case law, sort files, and even help respond to client queries. Scenes like this are no longer rare. AI is being used to review documents, research case law, draft contracts, and even answer client questions. Legal work is changing fast. This article looks at how that change is playing out, especially in contract drafting. Can AI help lawyers work faster without weakening the legal strength of the document? And in places like the UAE, where enforceability depends on local rules, what happens when software takes the lead? AI and the evolution of contract work AI tools are now built into the way many legal teams handle contracts. Some firms use them to generate first drafts. Others use them to check terms against clause banks or flag gaps before sending a document out. Turnaround times have improved. So has consistency. Lawyers no longer have to rewrite the same clause ten times or scan 80 pages to spot a risk. The software is trained on large volumes of contract data. It can suggest fallback clauses, predict what might be missing, or pull terms based on similar agreements. This has changed how lawyers work, especially on high-volume contracts like NDAs, leases, and employment terms. But these tools don’t always reflect the legal rules of a specific country. Many are trained on US or UK law. They tend to favour generic language that reads well but doesn’t always hold up in court. That’s where problems can start, especially in places like the UAE, where the enforceability of a contract depends on mandatory provisions that aren’t always obvious to a machine. Why enforceability still depends on human review In the UAE, a contract isn’t valid just because both sides sign it. It has to meet certain rules set out in the Civil Code. Some of these rules can’t be waived, even if both parties agree. That’s where AI can fall short. A lease clause might sound reasonable to an AI tool trained on UK property law. But if it contradicts a UAE tenancy law, it could be unenforceable. The same goes for joint venture agreements. AI might add familiar boilerplate wording that works elsewhere, but in the UAE, it might clash with local rules or miss requirements that courts expect to see. The risk isn’t that the AI makes a clear mistake. It’s that it fills in the blanks with terms that seem fine, but don’t match how things work here. Machines can’t always account for legal context or judge whether a clause fits local practice. That still needs a lawyer’s eye, especially in cross-border contracts or high-stakes agreements where a vague clause can turn into a dispute. Is AI ‘legal advice’? Not yet, but it matters AI can write a contract. It can even rewrite it, compare it to past versions, and flag missing clauses. But it doesn’t give legal advice. That responsibility still rests with the lawyer. And when something goes wrong, that’s where the question of liability comes in. If a lawyer relies on AI to draft a contract and misses a key error, the client won’t blame the software. They’ll blame the person who signed off on it. Courts are unlikely to excuse poor legal work on the basis that “the AI suggested it.” That’s not how accountability works. This makes transparency important. Clients should know when AI tools are involved and how the work was reviewed. Legal tech can improve speed and consistency, but it doesn’t replace legal judgment. That’s especially true here in the UAE, where enforceability can depend on details the software isn’t built to catch. AI can help with the heavy lifting, but it doesn’t carry the weight of professional responsibility. Wider impact: AI and the day-to-day of legal work AI is now being used far beyond contract work. It’s being used to scan case law, summarise decisions, draft memos, and even suggest litigation strategies. In-house teams use it to weigh legal risks before deals close. Startups rely on AI-driven templates to cut down legal fees. Law firms are adapting. Some have built entire internal systems around AI to speed up reviews or sort documents in complex disputes. It’s saving time, which helps keep costs down. At the same time, it’s changing the skills lawyers need. They spend less time sifting through files and more time thinking through what the output means. Judges are also seeing the shift. Some court documents now arrive part machine-written. UAE courts haven’t pushed back against the use of tech, but they still assess contracts and pleadings in familiar ways. They look for intention, mutual consent, and clear terms. AI can help bring clarity faster, but it still has to fit within that legal frame. The human part still matters. The future: Smarter tools, smarter lawyers AI is changing legal work, but it’s not replacing legal judgment. The tools keep improving, yet the person using them still carries the weight of interpretation, context, and risk. That’s especially true in the UAE, where enforceability hinges on local rules and mandatory clauses. A well-drafted clause in one system might fall flat in another. As the tech sharpens, the lawyer’s role becomes less about finding the answer and more about knowing which answers work, and where.  

Few would have predicted that one of the brightest stories in global fintech would come from the Middle East and North Africa, yet in less than a decade the region has turned into a centre of momentum. While investment across Europe and North America has cooled of late, funding in the MENA region passed USD 2 billion in 2024 with the number of active firms climbing beyond 1,500. Saudi Arabia, the UAE, and Egypt are at the forefront, creating new unicorns and attracting global investors to a market that offers the conditions fintech startups need to succeed at scale. This article looks at why MENA has emerged as one of the most promising regions in the world for fintech growth, and what sets it apart from established hubs elsewhere. Capital flows and investor appetite Much of the region’s momentum comes from how capital is being deployed. Gulf sovereign funds and large family groups have made fintech part of their wider investment strategies, often backing firms at a speed and scale that founders elsewhere struggle to match. In Saudi Arabia alone, fintech startups raised about USD 1.3 billion across 2023 and 2024, with deals such as stc Bank’s USD 200 million round setting new benchmarks for the sector. The UAE has followed a similar course, with Dubai-based funds leading a significant share of Gulf fintech rounds in 2024. This depth of liquidity shortens the path from seed to growth stage, cutting out the long pauses and down rounds that are common in Europe and North America. Average deal times in the Gulf are often measured in weeks rather than months, which changes the rhythm of building a company and gives startups in the region a rare advantage. Regulation and supportive frameworks The other reason startups have gained pace in the region is the way regulators have opened the door while keeping oversight firm. In Saudi Arabia, the central bank has played a leading role, issuing three digital bank licences and running a sandbox that has now approved more than 50 new models in payments, lending, and wealth tools. That mix of permission and supervision has allowed firms to test at scale without losing the confidence of customers or investors. Elsewhere, Dubai’s DIFC and Bahrain have taken a similar course, giving early stage companies structured routes to trial products under watch before moving into full licences. Open banking is also being phased in, with Saudi Arabia mandating rollout across banks by 2025. These steps give smaller firms access to data once held tightly by incumbents and make it clearer how startups can grow within the system without the regulatory grey areas seen in other markets. Demographics and consumer demand The strength of the region’s fintech market also rests on its demographics. More than half of the population is under 30, and smartphone penetration in Gulf states sits above 90 percent. That combination of youth and digital access has created a consumer base ready to adopt new financial services at speed. In Saudi Arabia, where about 70 percent of adults were outside the formal banking system only a decade ago, the use of digital wallets has grown by more than 40 percent year on year. Buy-now-pay-later services have also surged, with adoption rates among the highest in the world. This shows how quickly consumer behaviour is changing. Egypt is seeing the same effect, with mobile payments now processing transactions in the billions each year. For fintech founders, it means the region offers a customer base that’s both young and highly engaged with new ways of managing money. Government agendas and infrastructure Fintech growth in the region is also being shaped by government strategies that treat digital finance as part of wider economic reform. In Saudi Arabia, Vision 2030 set a target of raising cashless transactions to 70 percent by the end of the decade, and programmes like Fintech Saudi have already helped hundreds of startups move from pilot to market. Public backing has also included direct funding, incubators, and links between regulators, banks, and universities to build a stronger talent base. The UAE has taken a parallel route, with DIFC and ADGM both promoting fintech hubs that connect early stage firms with capital and licensing support. Bahrain has positioned itself as a first mover in regional open banking rules, drawing in cross-border entrants. These initiatives mean startups can access clearer licensing routes, stronger institutional backing, and a deeper pool of skilled talent, all of which make it easier to build and scale. Global positioning and cross-border growth Beyond domestic policy, the regional fintech story has an international dimension. Saudi Arabia has pushed forward on cross-border payments, with the central bank linking systems to the UAE and experimenting with digital currencies for trade settlement. Several Gulf-backed fintechs have already expanded into Egypt, Pakistan, and parts of Africa, using the region’s location as a bridge between large neighbouring markets. Global comparisons highlight the scale of this progress. While London and Singapore remain established hubs, MENA’s fintech revenue is forecast to grow at more than twice the global average, reaching a projected annual rate of 35 percent through 2028. For founders, that means the dual benefit of a fast-growing home market and a base from which to reach neighbouring economies in Africa and South Asia. From local momentum to global reach Fintech in the region has moved to the centre of global growth. Capital is flowing at record pace, regulation is structured but open, consumer demand is strong, and governments are backing the sector as part of wider economic reform. Saudi Arabia, the UAE, and Egypt stand out, yet the effect is regional, with scale that stretches beyond national borders. For founders and investors, this is a market where growth today connects directly to influence over how financial systems in MENA, Africa, and South Asia develop in the years ahead.

Joint ventures are a common way to enter the Dubai market, particularly in sectors where foreign ownership is restricted or local licensing is required. Most are structured either through a jointly owned company or a contract between independent parties. Each approach has its own risks and legal implications, from who controls decisions to how disputes are handled and what happens if one side wants out. This article sets out the key structural choices, where issues tend to arise, and what should be in place from the start. Start with the right structure Most UAE joint ventures fall into two categories: incorporated or contractual. Each carries different risks, especially when third-party liability or licensing is involved. An incorporated JV, usually set up as an LLC, creates a separate legal entity. The company signs contracts in its own name, holds assets, and limits the personal liability of its shareholders. This setup works better for longer-term ventures, regulated activities, or where a standalone licence is required. A contractual JV avoids incorporation. The parties remain independent and operate under a commercial agreement that sets out who does what and how profits or losses are shared. These are often used for one-off projects or when licensing and cost constraints make a separate company impractical. Liability and enforcement differ too. An incorporated JV can enter contracts and bring claims in its own name. In a contractual setup, enforcement rights depend on how responsibilities are allocated and who holds legal standing. Control and equity rarely match exactly In sectors with foreign ownership limits, legal shareholding and day-to-day control are often split. A local partner might hold 51% on paper but take no active role. In other cases, the party making key decisions may not appear in the official filings at all. These gaps need to be managed clearly from the start. The joint venture agreement should spell out who is responsible for operations, who controls spending, and how decisions are made. These terms should match what appears in the trade licence and constitutional documents. If they differ, the official record usually takes precedence in court. Side agreements or nominee arrangements are sometimes used to reflect the real balance of control. Whether they hold up depends on how they’re written, how well they’re supported by the documents, and the forum in which they’re tested. In the UAE, offshore nominee agreements that contradict local filings or conceal effective control often carry less weight. Defining exit and deadlock procedures Well-drafted joint ventures set out how each party can exit and what happens if decisions cannot be reached. This includes clear procedures for buyouts, valuation, and fallback steps when agreement is not possible. Exit clauses should define when a party can leave, how the valuation is handled, who oversees it, and how the transaction is completed. The process should work even if one side does not cooperate. Deadlock provisions need to go beyond general intent. The agreement should lay out what happens if board or shareholder decisions cannot move forward. Common solutions include third-party mediation, external valuation, or structured buy-sell mechanisms. Avoid open-ended terms. Language like “mutual agreement” or “best efforts” often lacks enforceability. More useful are practical, time-bound steps that provide a path forward when formal consensus breaks down. Licensing, governance and director risk Joint ventures that operate in regulated sectors, such as healthcare, education, media or financial services, often need approvals beyond the trade licence. These can include activity-specific permits, federal clearances, or local authority sign-offs. If these are missed, the company may not be allowed to operate as intended. Director appointments also carry specific legal weight. Under UAE law, board members are personally liable for company conduct. Even if a director acts on instruction from a partner, liability still rests with the named individual. That includes nominee directors or informal representatives once their names appear on public records. Regulatory filings such as UBO declarations, economic substance reports and real ownership registers now make it harder to separate formal records from real control. If agreements or internal practices do not align with what’s filed, those differences typically surface during compliance reviews, renewals, or legal proceedings. To reduce exposure, governance terms, decision rights and public records all need to match. Any gap between them creates risk, especially when one party holds influence without accountability. Disputes, enforcement and forum choice Disputes often stem from mismatched expectations around control, capital and decision rights. One party funds the venture, the other handles operations, and the agreement never clearly sets out who decides what. Deadlock provisions, quorum rules and veto rights are either missing or vague. That’s when deals stall. Most joint venture agreements refer to arbitration which is usually DIAC or the ADGM Arbitration Centre. But urgent issues like asset freezes, account access or injunctions still depend on action through the Dubai Courts. If a partner moves funds or blocks a key decision, court intervention is often the only real option. To enforce rights quickly, the agreement must do more than name a forum. It should set out what triggers action, who can act, what evidence needs to be produced, and how each party secures standing. Delays often come down to gaps in how roles were recorded or who is officially recognised to represent the company. Forum choice only works if the practical steps like timing, filings and access have been built into the structure from the start. How The Knightsbridge Group can help The Knightsbridge Group has over 20 years of experience advising on joint ventures and corporate structuring across the UAE. We help founders, shareholders and legal teams put clear agreements in place, align decision-making with regulatory requirements, and plan for control, exit and enforcement from the outset. Whether you're setting up a new venture, taking on a local partner, or reviewing an existing arrangement, we provide practical, sector-specific advice backed by deep regulatory and licensing insight. To speak with an expert, contact us at [email protected].

Panama has formally launched an enhanced Investor Programme designed to attract high-quality foreign capital, strengthen its position as a regional business hub, and offer internationally mobile investors a clear, regulated pathway to permanent residency and eventual citizenship. The programme combines Panama’s long-established territorial tax system, strategic geographic importance, and flexible residency requirements, making it an increasingly attractive option for investors seeking access to the Americas without full relocation.  Why Panama? Panama occupies a unique position in global trade and finance. As home to the Panama Canal, a non-substitutable global trade chokepoint handling approximately 5–6% of world maritime trade, the country plays a central role in international logistics and supply chains. In 2025 alone, canal revenues exceeded USD 5.7 billion, underscoring Panama’s economic resilience and strategic relevance. Key macro-economic and structural advantages highlighted in the programme include: A fully dollarised economy, aligned with US financial markets A territorial tax regime, with no tax on foreign-sourced income Strong GDP growth and low inflation A sophisticated banking and corporate services ecosystem Free trade agreements with the United States and multiple Latin American jurisdictions  Overview of the Panama Investor Programme  The Panama Investor Programme grants permanent residency through a fast-tracked process, with minimal physical presence requirements and a clearly defined route to citizenship.  Key Programme Features  Permanent residency granted through a streamlined application Minimal physical presence: one visit to Panama every two years Family inclusion, covering spouse, dependent children, and dependent parents Eligibility for Panamanian citizenship after five years of maintained investment and residency No requirement to reside in Panama during the application process  Investment Requirement Applicants must make a minimum qualifying investment of USD 300,000, with funds originating from abroad and supported by a clean criminal record. The programme is structured around government-approved investment options, primarily in real estate and hospitality developments, with investments held through regulated legal and fiduciary frameworks.  Approved Investment Structures  Trust-Based Safeguards (Fideicomiso) All qualifying investments are channelled through a licensed Panamanian trust structure, designed to protect both the investor and the project developer. The trust: Holds investor funds securely Releases capital in tranches based on contractual milestones Does not constitute a collective investment scheme or financing vehicle This structure enhances investor protection and regulatory transparency.  Investment Options Overview The programme currently features multiple real-estate-backed investment routes, including:  Option 1: Branded Hotel & Casino Co-Ownership Investment: USD 300,000 Co-ownership in a 5-star branded hotel and casino in Panama City No annual yield; guaranteed buy-back after five years Designed primarily to satisfy residency and citizenship eligibility  Option 2: Individually Owned Branded Suites Individual title deed ownership Rental income split with professional operator Estimated annual returns of 5–6% One month of personal use per year  Option 3: Luxury Residential Apartments Investment range: USD 300,000–450,000 Located in Santa María, one of Panama City’s most prestigious residential districts Full ownership with optional rental management Estimated returns of 3–5% annually  Pathway to Panamanian Citizenship After five years of continuous residency under the programme, investors become eligible to apply for Panamanian citizenship, subject to prevailing nationality laws and due diligence requirements.  Benefits of Panamanian Citizenship A top-30 ranked passport with visa-free access to over 140 countries, including the Schengen Area Eligibility for the US E-2 Treaty Investor Visa No worldwide income tax by citizenship Right to live and work in Panama Access to Panama’s healthcare, education, and business environment  Strategic Considerations The Panama Investor Programme is particularly suitable for: Investors seeking Americas access without full relocation Families looking for tax-efficient, long-term mobility planning Entrepreneurs interested in US-linked trade and treaty opportunities Clients seeking a regulated, low-presence route to citizenship As with all residency and citizenship pathways, the programme should be integrated into a broader legal, tax, and asset-structuring strategy.  How Knightsbridge Group Can Assist Knightsbridge Group advises private clients and investors on: Panama residency and citizenship suitability assessments Investment structuring and legal due diligence Family inclusion and long-term succession planning Cross-border tax coordination Ongoing compliance and residency maintenance Our approach is strategic, compliant, and aligned with each client’s wider international objectives.

The ideal scenario for an international crypto-nomad is to travel at will with every expense funded entirely by on-chain assets. As digital assets grew and became a multi-trillion-dollar asset class, a niche market of immigration consulting firms sprang up around the globe, selling Bitcoin Visas and Crypto Citizenships.The reality behind crypto immigrationThere is a significant gap between the marketing and the administrative reality. Even though relocation to crypto-friendly countries is widely promoted, the majority of the world’s immigration systems remain fiat-first. Currently, only two countries have directly integrated blockchain technology into their immigration or residency systems: El Salvador and Bhutan. In all other places, the crypto part of the deal is done by third-party middlemen. So, even if your payment is in Bitcoin, the relevant government is still receiving conventional bank transfers in USD or EUR. The first step to making a sound investment is understanding exactly who handles the coins.El Salvador – the only crypto-native citizenship programIn 2021, El Salvador became the first country to officially adopt Bitcoin as legal tender. Then, in December 2023, it reaffirmed its commitment with the introduction of the Freedom Visa. As of today, it is still the only citizenship-by-investment program in the world that is based entirely on cryptocurrency.Key program facts:Investment: $1 million non-refundable contribution, which can be paid in Bitcoin (BTC) or Tether (USDT).Mechanism: The program operates through a true wallet-to-wallet transfer mechanism.Timeline: Processing is notably fast; in most cases, it takes only six to eight weeks.Dependents: Spouses and children can be added to the application for a fee of $999 per person.Quota: The program is subject to a strict limit of 1,000 participants per year.The Freedom Passport grants visa-free entry to up to 135 destinations, including most of Europe, Singapore, Japan, and South Korea. El Salvador is highly favourable for crypto investors from a tax perspective: it operates a territorial tax system where foreign-sourced income is generally not taxed, and there is no capital gains tax on Bitcoin.Candidates should also be aware of recent regulatory changes. In January 2025, as part of the closure of a $1.4 billion IMF financing package, El Salvador modified its Bitcoin Law. Among other things, the amendments abolished the requirement for businesses to accept Bitcoin, and the legal tender status was adjusted to comply with international standards on transparency and AML/CFT (anti-money laundering and countering the financing of terrorism). The Freedom Passport is still a separate program. However, a rapidly shifting regulatory environment is a key reason to seek professional guidance before committing $1 million.Bhutan — a blockchain-backed digital nomad visaIn early 2026, the Kingdom of Bhutan launched a notable blockchain-backed digital nomad visa. This initiative, handled by the Gelephu Mindfulness City Authority (GMCA), is a pioneering example of using a sovereign token as a residency instrument.How the Bhutanese Visa Works:The deposit: Applicants need to deposit $10,000 in TER tokens, which is refundable.The technology: TER is a sovereign token backed by gold and issued on the blockchain of Solana. Every token equals a share of physical gold locked in Bhutanese vaults.Fees: To this, one must add a $2,800 annual fee, which is not refundable.Duration: The visa is valid for one year and is renewable for up to two years in total.This is a temporary residency permit instead of a path to citizenship like El Salvador. There are no minimum income requirements or compulsory periods of stay. Bhutan’s overall plan is definitely one of the strangest in the world; the country mines Bitcoin using its abundant hydroelectric energy and holds substantial BTC reserves. Nevertheless, it is worth mentioning that the walled-garden approach means you must acquire the TER sovereign token rather than investing in widely held assets like BTC or ETH directly.Crypto-friendly programs where agents convert to fiatOther than these two countries, being crypto-friendly typically means a licensed agent acts as a liquidity provider. The agent takes your crypto, converts it to fiat, and pays the government in the required currency — making it, in effect, an indirect transaction.Vanuatu: Bitcoin has been accepted by licensed agents as a payment method for the Development Support Program (DSP) since 2017. Donations start at $130,000. Keep in mind that as a result of a December 2024 decision, Vanuatu citizens no longer have visa-free access to the Schengen Area, significantly reducing the passport’s travel value.Antigua and Barbuda: In 2018, this Caribbean country changed its CBI Act to include crypto as a source of funds. Agents convert assets to USD daily.Dominica and Saint Lucia: Both countries have the same agent-conversion model, which enables investors to liquidate their holdings to fund government donations or real estate investments.Saint Kitts and Nevis: They recognize crypto holdings as proof of net worth during the due diligence phase; however, the actual investment has to be made in fiat currency.Hong Kong (New CIES): Hong Kong has allowed the use of crypto holdings as proof of wealth since early 2025. However, after approval, investors are required to convert those assets into qualifying traditional investments within the territory within six months.Turkey: The government insists that the $400,000 real estate investment should be in USD/TRY, but the entire crypto-to-fiat conversion process is usually done by the specialized agents who accept crypto and carry out the conversion in order to complete the transaction.How to think about your options as a crypto investorSelecting the right program means looking beyond the ‘pay with Bitcoin’ headline and evaluating the underlying strengths of each residency.Instant native citizenship: If your main goal is to keep your wealth on-chain until the point of payment and to obtain a second passport, El Salvador is currently the only fully on-chain option.The “Web3” lifestyle: If you are a digital nomad with an appreciation for blockchain technology and desire tranquility surrounded by nature, Bhutan offers a distinctive, if short-term, experience in sovereign tokenisation.Worldwide freedom of movement and tax minimization: If you are willing to convert your crypto to fiat, your options expand substantially. Countries such as the UAE or the Cayman Islands may not accept Bitcoin for visa fees directly, but their zero-tax environment for crypto profits may offer a stronger long-term return than a direct crypto programme.How Knightsbridge can helpNavigating the intersection of digital assets and international immigration law requires more than a passport agent — it requires a wealth-structuring partner. Knightsbridge is an award-winning, Dubai-headquartered legal immigration and fiduciary services provider. For over 15 years, Knightsbridge has specialised in the unique challenges of the crypto wealth segment. Our global network spans offices in Dubai, London, Istanbul, and Milan, with a track record of over 750 approved families.Knightsbridge offers the cross-jurisdictional expertise to help you remain compliant and tax-efficient throughout your migration, whether you want to liquidate assets for a Caribbean citizenship or are planning to meet the sovereign token requirements in Bhutan. Contact Knightsbridge today and find out which residency or citizenship programme is best aligned with your portfolio and long-term goals.

Estate Planning When Access Cannot Be Taken for Granted Recent days have demonstrated how quickly logistics can change. Flights pause. Airspace narrows. Travel plans shift without notice. For most, these disruptions are temporary. But they underline a structural truth: important legal arrangements should never depend on physical presence or last-minute access. In the UAE, this principle is particularly relevant when it comes to wills. The Consequences of Delay When a UAE resident passes away without a registered will, the impact is procedural – but immediate. Local banks typically freeze accounts. Property cannot be transferred. Business interests may be suspended pending court direction. Even joint assets can become temporarily inaccessible. For expatriate families, the situation is often more complex. Without a locally recognised will, default succession principles may apply. The process becomes slower, more administrative, and more uncertain at precisely the moment clarity is needed most. A properly registered will removes that uncertainty. It replaces court discretion with documented intention. Drafting Is Not Enough – Registration Is Key Many residents assume that having a will drafted abroad is sufficient. In the UAE, enforceability depends on registration. Non-Muslim residents may formally register wills through recognised channels such as the DIFC Courts or the Abu Dhabi Judicial Department. Without registration, the application of foreign law is not automatic. This distinction is critical for those who: Own property in the UAE Hold local bank accounts Have business shares in onshore or free zone entities Have minor children residing in the Emirates A registered will ensures that instructions are executed locally, without unnecessary procedural delay. Guardianship: The Most Urgent Question For parents, estate planning is not primarily about assets – it is about guardianship. If no guardian is formally appointed, interim custody decisions may fall to the courts. Where family members are overseas, even temporary travel constraints can complicate immediate arrangements. Clear guardianship provisions, properly registered, remove ambiguity. They provide direction at a time when families need certainty, not administrative negotiation. Cross-Border Lives Require Coordinated Planning Many UAE residents lead internationally structured lives. Assets may sit in multiple countries. Children may study abroad. Companies may operate across jurisdictions. Investment accounts may be held offshore. A will drafted in isolation rarely addresses this complexity. Recent travel disruptions have reinforced an important planning principle: estate documentation must function independently of logistics. Executors should be able to act without urgent international travel. Instructions should be consistent across jurisdictions. Documents should not conflict or inadvertently revoke one another. Estate planning, when properly structured, is about alignment, not paperwork. Reviewing Existing Wills For those who already have wills in place, the current environment is a timely reminder to review them. Circumstances change. Assets evolve. Guardians relocate. Residency and citizenship positions shift. A will prepared several years ago may no longer reflect present realities. Review does not mean panic. It means discipline. Estate Planning as Structural Risk Management Wills are not expressions of pessimism. They are instruments of order. Just as investors diversify holdings and families insure property, a registered will ensures continuity when circumstances are unpredictable. The objective is not to anticipate crisis. It is to eliminate ambiguity. Clarity protects families. Clarity protects assets. Clarity protects business continuity. How Knightsbridge Group Can Assist Knightsbridge Group advises UAE residents and internationally active families on drafting and registering wills, guardianship structuring, and cross-border succession alignment. Our integrated approach ensures that estate planning works cohesively with tax, corporate, and international structuring: all under one roof. If you would like to review your current arrangements or establish a properly registered UAE will, our team can provide structured, confidential guidance. Contact us at [email protected].

Business leaders in the UAE now face a set of reforms that matter more than ever. Corporate governance for private companies is moving out of the shadows and into sharper focus. With new regulations and stakeholder expectations on the rise, private business owners must stay ahead. This article explains the key developments, what companies should expect in 2025 and how to get ready effectively. What’s changing in corporate governance in the UAE In recent years the UAE government’s stepped up efforts to improve transparency, accountability and governance across both public and private sectors. Regulatory bodies such as the Securities and Commodities Authority, the Ministry of Economy and various free-zone regulators have issued guidelines or draft rules aimed at private companies. These reforms reflect global standards and investor expectations. That means private companies may soon face stricter requirements around reporting, board structure, risk management and stakeholder engagement. Key highlights of what’s shifting include mandatory board charters, internal audit functions and clear separation of roles between board and management. Companies may have to disclose beneficial ownership and adopt policies for conflicts of interest. Some regions in the UAE already require companies to publish corporate governance frameworks even if they aren’t listed. These changes raise the bar for private companies. They’ll need to take governance seriously rather than treating it as a checklist. Why private companies must act now Many private companies believe these rules only apply to listed firms or large multinationals. That mentality’s risky. In practice we’re seeing regulators extend governance requirements into the private sphere. That means companies that aren’t prepared may find themselves responding reactively instead of proactively. Owners and boards that ignore these developments may face penalties, reputational damage or reduced access to finance. Investors, lenders and partners are also asking more about governance frameworks before committing to deals. A company that can’t show it’s got proper governance in place may pay a premium or lose out entirely. The reforms in 2025 aren’t just a regulatory burden, they’re a strategic issue. What to expect in 2025 Over the coming year several trends will become clearer. First, private companies will likely receive detailed guidance or binding rules on acceptable board composition including independent members. Second, reporting obligations will expand to include sustainability, anti-bribery and cyber-risk disclosures. Third, companies may have to formalise risk committees, audit committees or equivalent structures. Fourth, regulators may link licensing and renewal to governance compliance. Fifth, international investors will push for standards that mirror those in OECD countries or EU markets. Each of these means companies must move from informal practices to documented processes. For instance the board that “just meets when needed” may need to adopt a formal charter, a calendar of meetings and minutes that reflect oversight. Internal audit functions may become expected rather than optional. Beneficial ownership data may need to be accessible and verified. Cyber-risk frameworks may need to align with UAE national cyber-security standards. Practical steps for private companies The transition’s manageable if you start early. First review your current governance framework. Map the board structure including whether there are independent members, how the board’s delegated and how management interacts with oversight. See where gaps exist compared to best practice and likely regulation. Second, document policies and procedures. That means having a board charter that defines roles of the chair, non-executive directors, committees and management. Set up a schedule for board and committee meetings. Create a risk management policy and an internal audit charter if you don’t already have one. Adopt conflict of interest and whistle-blower policies. Make sure beneficial ownership records are updated and stay that way. Third, train and educate your board and management. Governance isn’t a set of documents only. It’s how people act. Make sure board members know their duties under UAE law and any free-zone rules. Teach executives about their accountability. Offer training sessions and refresher briefings on emerging risks such as cyber threats or sustainability matters. Fourth, engage with external parties. Talk to your auditors, legal advisors and regulators to understand what they expect. Benchmark your governance against peers in your sector. Lenders or investors often have their own governance checklists, so ask ahead of deals. Fifth, monitor and adapt. Governance reform’s ongoing. What’s regarded as best practice today may shift tomorrow. Set up a feedback loop where board evaluations happen, oversight committees report to the board and the board reviews its own effectiveness. That way you’re not caught flat-footed when regulators update guidance or the market demands new disclosures. Challenges and how to manage them Private companies often find governance reform hard because they’re used to informal decision-making and flat ownership structures. Family businesses are a good example. Owners wear many hats, so a sharp separation between oversight and management can feel artificial. We advise treating this as evolution rather than revolution. Start with governance that fits your size and stage. If you’ve got no committees, establish a simple audit or risk committee with one non-executive member. If you don’t have a formal board, define a governing council that meets quarterly and documents decisions. As you grow or engage with more external investors, you can scale up to richer governance. Cost and resources are also issues. Setting up internal audit or independent directors can feel expensive. But you can phase it in. Prioritise the biggest gaps first, like inadequate risk oversight or ownership records. Use external service providers or part-time roles rather than full-time hires if that makes sense. Finally, culture’s critical. Governance’s about behaviour and mindset as much as systems. If managers and owners see governance as red tape, they’ll bypass it. Leaders must explain why governance matters: it reduces surprises, protects the business and builds trust. That way the transition’s smoother. Looking ahead The reforms coming in 2025 might not all be finalised yet. But legislators and regulators have made their intent clear. Private companies that wait until rules are published will struggle to catch up. By starting now you embed good governance, improve oversight and reduce risk. You also position the business better for investment, growth and exit strategies. Smart boards will turn these reforms into opportunities. A sound governance framework can help in mergers, acquisitions or raising capital. It can make the business more transparent and resilient. It signals to stakeholders that the company’s serious. So treating governance as a strategic enabler rather than overhead makes sense. How The Knightsbridge Group can help With over ten years advising international businesses and families, The Knightsbridge Group supports clients across the UAE and worldwide. We combine legal, tax, immigration and fiduciary expertise so we can structure governance frameworks tailored to private companies in the UAE. We help boards with governance reviews, draft board charters, establish committees and train directors. We coordinate with trustees, banks, regulators and legal partners to make sure your setup’s compliant and practical. To review your current arrangements or plan new strategies, contact [email protected]

Introduction: The Evolution of Portugal Golden Visa Investments As the Portugal Golden Visa programme continues to evolve, investment funds have emerged as the dominant route for international investors seeking European residency. Among these, closed-end private equity funds – such as those structured by Mercan – have gained significant traction, offering a regulated, compliant, and professionally managed pathway into the Portuguese market. At Knightsbridge Group, we advise clients on how to assess, structure, and select these investments strategically, ensuring alignment with both residency objectives and capital preservation.  What is a Portugal Golden Visa Fund? A Portugal Golden Visa fund is a regulated investment vehicle, authorised by the Portuguese financial regulator (CMVM), designed to meet the programme’s eligibility criteria. Typically, these funds: Require a minimum investment of €500,000 Are structured as closed-end funds with a defined lifecycle Invest in sectors such as: Real estate Hospitality Private equity opportunities The Mercan model focuses specifically on hospitality-driven investments, including hotels and tourism infrastructure.  Understanding the Mercan Closed-End Fund Structure  The Mercan fund operates as a closed-end private equity vehicle, meaning: Capital is committed for a fixed period (typically 10–12 years) Funds are deployed into income-generating and development assets Returns are realised over time, with exit at maturity or via structured buyback A key feature of the structure is the use of professionally managed hospitality assets, often including branded hotels and operational tourism projects.  Key Investment Features  Based on the Mercan framework, investors can expect: Minimum Investment: €500,000 (Golden Visa qualifying) Fund Duration: Approx. 6–12 years Sector Exposure: Hospitality and tourism (Portugal growth sector) Indicative Yield: 2% annual income (subject to performance) Exit Strategy: Buyback or asset disposal typically from year 6 onwards This structure aligns with the Golden Visa holding requirement, while also providing exposure to Portugal’s expanding tourism economy.  Why Hospitality Investment in Portugal?  Portugal continues to experience strong growth in tourism and hospitality: Record international visitor numbers Increasing demand for premium hotel and branded residence offerings Strategic positioning as a year-round European destination Funds such as Mercan aim to capitalise on these trends by investing in high-demand urban and resort locations, particularly in Lisbon and other key regions.  Advantages of the Closed-End Fund Model  1. Golden Visa Compliance The structure is fully aligned with programme requirements, providing a clear pathway to residency and eventual citizenship (after 5 years).  2. Professional Management Assets are managed by experienced operators, reducing the need for direct investor involvement.  3. Defined Exit Strategy Closed-end funds provide a clear investment horizon, often including structured exit mechanisms such as buyback provisions.  4. Diversification Investors gain exposure to a portfolio of assets, rather than a single property.  5. Reduced Operational Burden Unlike direct real estate ownership, investors are not responsible for: Property management Tenant risk Operational oversight  Key Considerations for Investors While fund structures offer clear advantages, it is critical to approach them with a private equity mindset.  1. Illiquidity Capital is typically locked in for the duration of the fund.  2. Return Expectations Returns are generally moderate and long-term, rather than high-yield or short-term.  3. Execution Risk Performance depends on: Asset quality Developer/operator track record Market conditions  4. Exit Assumptions Buyback or exit mechanisms must be carefully reviewed and understood.  Knightsbridge Group Perspective From an advisory standpoint:  Portugal Golden Visa funds should be viewed primarily as residency-driven investments, with capital preservation as the key objective. We advise clients to focus on: Strength of the fund manager and operator Quality and location of underlying assets Legal protections within the fund structure Realistic expectations on liquidity and returns Importantly: This is not a “guaranteed return product”—it is a regulated private equity investment with associated risk and reward.  Who is This Suitable For? The Mercan-style fund model is best suited for: Investors seeking EU residency with minimal relocation requirements Clients prioritising hands-off investment structures Individuals comfortable with long-term capital commitment Families planning for EU citizenship within 5 years  Alternative Considerations While funds are now the dominant route, they should be compared against: Portugal Highly Skilled Visa (HSV) – lower capital, faster processing Other EU residency programmes Direct investment structures in alternative jurisdictions  Conclusion: A Structured Path to European Residency The Mercan closed-end fund model represents a modern, compliant approach to the Portugal Golden Visa, combining: Regulated investment Professional asset management Alignment with residency objectives However, success depends on careful selection, due diligence, and strategic structuring.  Knightsbridge Group Advisory At Knightsbridge Group, we provide: Independent fund analysis and due diligence Portugal Golden Visa structuring Comparison across residency options (GV vs HSV vs alternatives) End-to-end application and investment support  Speak to Knightsbridge Group For tailored advice on Portugal Golden Visa investments and fund selection:  Contact Knightsbridge Group for a confidential consultation. Investment. Structuring. Global Mobility.

The UAE has built much of its trading strength on efficiency. Years of investment in ports and free zones have made it easier to move goods between major markets, and that reliability has helped the country become a practical base for trading and distribution. Because this system has worked well for a long time, many businesses have focused on growth. How goods are priced, where they are held or how ownership is structured has often received less attention, mainly because operations ran without friction. That stability is no longer guaranteed. Shipping through the region has become more unpredictable, delays are harder to absorb and costs can change quickly. At the same time, tax and regulatory scrutiny now extends further into everyday trading activity. This means that for UAE businesses built around trade, distribution or light processing, supply chains now demand closer attention. From speed to certainty Through ports such as Jebel Ali Port and Khalifa Port, goods move quickly along some of the world’s busiest trade routes. That speed is a strength, but it can also hide weak points. When volumes are high and turnaround is fast, decisions about who owns goods, where profit sits or which entity carries risk are often made by habit rather than by reference to contracts and because goods keep moving, those positions are rarely revisited and over time become accepted as fact. Pressure changes that. A delayed shipment, a pricing swing or a regulatory question forces those assumptions into the open but with better visibility, issues can be dealt with early instead of being picked apart later. This becomes even more important as business structures grow more layered. Structures have become more complex Many UAE businesses now operate through several entities at once. One company sells, another holds stock, another contracts with suppliers. It’s a common and sensible way to trade across markets, but it only works when the supply chain follows the same logic. Free zones such as DMCC or ADGM come with clear expectations around activity and substance. Where goods are stored, processed or transferred ties directly into how those entities are treated. When goods sit with a different entity than expected, or ownership shifts earlier or later than planned, the commercial outcome changes. So does the tax and regulatory position. Visibility is what allows businesses to spot those differences early. It shows whether goods are being held, sold and priced in the way the structure assumes, which becomes especially important once tax and customs enter the picture. Tax and customs have sharpened the focus The introduction of VAT and, more recently, corporate tax has changed how supply chains are viewed in the UAE. Movements that once sat in the background now affect tax outcomes. Where goods are supplied from, when ownership changes and how they are priced all carry consequences. If a business can’t clearly show where a sale takes place or which entity earns the margin, questions follow. Those questions usually start with paperwork and end with a closer look at how the supply chain actually operates. Visibility makes that process easier to handle. When records all reflect the same reality, tax and customs reviews become simpler and less disruptive and the financial effects of the supply chain become easier to see as well. Working capital is under pressure Higher interest rates and tighter lending have pushed cash management much closer to the top of the agenda. Inventory sitting in transit or storage ties up capital, and when demand shifts, that exposure becomes harder to ignore. Visibility helps make those pressures easier to deal with. When businesses can see where stock is moving slowly, where delays are building and where extra buffers have crept in, decisions become more deliberate. Buying and pricing decisions can be adjusted early, before cash gets stuck. For businesses operating as regional hubs, even small changes in how quickly stock turns can make a real difference. Clear visibility gives management the confidence to make those changes, rather than relying on estimates or instinct. Risk concentrates faster than expected Recent experience across regional trade routes has shown how quickly risk can build up in one place. When a key route slows or a supplier runs into difficulty, the impact travels fast. Without a clear sense of where reliance really sits, those pressures tend to appear late and without much warning. A clearer line of sight makes those pressure points easier to spot. It brings attention to where the business depends heavily on a particular route, supplier or timing assumption. That doesn’t mean those arrangements need to change, but it does mean they’re understood. The result is steadier decision-making with issues addressed earlier and exposure recognised before it becomes urgent. Customer expectations have tightened That internal clarity also carries through to customers. Delays are sometimes unavoidable, but uncertainty damages trust. Businesses that can explain where goods are and why timing has changed tend to preserve relationships more effectively and for distributors serving multiple markets, it often shapes how customers react when plans change. A single delay can ripple across several countries at once. Clear sight across the chain supports more consistent communication. It also plays into broader expectations around sourcing and traceability, which are now part of routine commercial discussion. Keeping visibility grounded Despite the attention it attracts, supply chain visibility doesn’t need to become a major transformation exercise. Most progress comes from revisiting basics that were set early on and then left alone as the business grew. Aligning contracts with how goods actually move, confirming where ownership changes and making sure finance and operations describe inventory in the same way often brings issues to the surface quickly. The challenge is that growth changes how the business operates, often faster than internal views are updated so regular review helps keep the picture current. A steadier footing for decision-making At its core, supply chain visibility supports better judgment. Decisions about expansion, pricing or restructuring depend on how goods actually move, not how they’re assumed to move on paper. When that picture is clear, businesses react less and decide earlier. The result is steadier control and over time, that clarity becomes a quiet advantage  

Many non-Muslim expats believe that once they’ve signed a notarial will, their plans for guardianship and inheritance are secure. But despite appearing compliant, these wills can still be subject to local interpretation and may not offer full protection. For greater legal certainty, many now turn to the DIFC Wills and Probate Registry, which provides a common law framework specifically designed for non-Muslims in the UAE. The result is a process that offers greater consistency and fewer unknowns. This article explains how notarial wills leave gaps, how the DIFC process closes them and why that difference matters if you have children, property or future plans tied to the UAE. What is a notarial will, and where it falls short A notarial will is signed in the presence of a Dubai Courts notary, usually in Arabic, sometimes with an English version attached. For expats, it’s often seen as a quick and affordable way to set out who inherits what and who should act as executor or guardian. It’s simple on paper, but in practice, the structure has clear limits. These wills are stored within the court system but aren’t part of a searchable registry. That can make them hard to retrieve or confirm, particularly if the family lives overseas or isn’t fluent in Arabic. There’s also no guarantee a notarial will is enforced as intended. Judges have wide discretion when deciding whether the document meets legal standards. If parts of it are vague, unregistered or poorly translated, the court may apply default rules instead of following what’s written. This has happened in practice. One case involved a European expat who left instructions for his Dubai property to go to his wife and children. The will was valid in form, but the court split the estate based on fixed shares, citing the way the document had been drafted and filed. Guardianship cases show the same kind of risk. Courts don’t always follow the named guardian if the will lacks clarity or hasn’t gone through a recognised system. Depending on the situation, guardianship could be granted to extended family, another party, or in rare cases, to the state, particularly when both parents are gone or unavailable. These outcomes don’t apply across the board, but where there’s legal ambiguity, the court has room to decide. That means, without a well-defined structure, families can lose control over key decisions. How DIFC wills ensure certainty The DIFC Will avoids this uncertainty by operating under a separate legal system. It’s prepared and registered under DIFC Courts, which follow common law and support full testamentary freedom for non-Muslims. That allows parents to appoint guardians, spouses to transfer property, and beneficiaries to be named without restrictions. These instructions are legally binding and enforced by the DIFC without needing approval from Dubai Courts. The process is clearly laid out. Wills are registered electronically, witnessed in person or remotely via video, and held securely in the DIFC Wills and Probate Registry. Disputes, if they arise, are resolved directly within the DIFC Court system. There’s no need for referral to a local court, no requirement for Arabic translation and no judicial discretion over the substance of the will. The outcome follows the document as written. DIFC Wills can be created as Single Wills or Mirror Wills for couples, and can cover real estate, bank accounts, business shares, personal belongings and guardianship appointments. The process is open to non-Muslim residents or property owners aged 21 or over with assets in the UAE. For families with children, interim and permanent guardianship provisions can be built into the will. These allow for short-term care decisions to be made immediately, without delay, while longer-term arrangements are formalised. This framework reflects recent changes in the law. Under Federal Decree Law No. 41 of 2022, non-Muslims can now manage inheritance and family matters through civil law, rather than Sharia principles. The DIFC Will provides a recognised way to do this, with a clear enforcement route and minimal procedural risk. The process can even be completed via remote video signing if you are based overseas. Most appointments are completed within a few days and the registration itself is typically handled by legal or corporate service firms familiar with the formalities. A simple step that protects what matters If you're a non-Muslim expat with dependents or assets in the UAE, a DIFC Will can give you structure, clarity and legal certainty. The DIFC system removes ambiguity, ensures your instructions are recorded in the right format, and offers a direct route to enforcement without the need to rely on secondary court approval. How can The Knightsbridge Group help? The Knightsbridge Group has over a decade of experience guiding international families through succession planning, DIFC Will registration and guardianship arrangements in the UAE. If you’re ready to put the right structure in place to protect your assets and dependents, we’re here to help. To speak with a specialist, email us at [email protected].

Private wealth is moving away from traditional formats. As assets shift off paper and into digital form, investors are rethinking how they store and transfer value across borders. Over the past two years, tokenisation has gained ground as a practical way to represent ownership of real assets in units that are easier to divide, safeguard and pass on. Since 2022, the UAE has started rolling out clear regulatory frameworks to support this change. Both DIFC and ADGM now license custody providers for tokenised securities and alternative assets under financial services law, and ADGM’s latest updates have expanded the scope of what custodians can hold and manage under regulated conditions. This article looks at how these developments are shaping long-term wealth planning, and why custody is becoming central to that shift. DIFC and ADGM: Building regulated infrastructure Since 2022, the UAE has started to formalise how digital assets are held and safeguarded. Both DIFC and ADGM now license custodians to hold tokenised equity, structured products and alternative assets like real estate funds and private shares. This has created a clearer path for private wealth to be held securely, passed on and accessed under controlled conditions. Custody tools can be linked to external systems, allowing for transfers, permissions and oversight without losing control. Together, these steps are laying the groundwork for digitised capital markets and a more structured way to manage long-term value. From crypto to capital: Real use cases emerging Tokenisation is starting to show its value in areas well beyond crypto trading. Family offices are using it to bring flexibility to holdings that were once difficult to divide or transfer. That includes income-producing property, closed-end funds and hard assets such as art or collectibles. A tokenised stake in a leased commercial building, for instance, can be sold in smaller units, giving family members access to cash flow without needing to liquidate the full asset. High-value art or vintage cars can be held in digital form, shared among heirs, or sold in portions when needed. Private equity interests, which often tie up capital for years, can now be structured more transparently, with access permissions and tracking built in. This shift makes it easier to involve more people in ownership, manage shared holdings across generations and plan transitions with fewer complications. Tokenised assets that once sat outside formal systems can now be brought under regulated custody with clearer controls over access and transfer. Wealth planning and succession: New tools for control Tokenised assets are adding new flexibility to long-term wealth planning. Ownership can now be placed in private vehicles like SPVs or Foundations, with embedded rules on how those holdings are managed or transferred. These structures help preserve intent, provide continuity and reduce the need for probate. Custody providers can link permissions directly to these vehicles, supporting family agreements, shared access and conditional transfers triggered by events such as death or incapacity. The result is more control with fewer complications, especially for families with multi-jurisdiction estates. Tokenisation doesn’t replace familiar estate tools. It adds clarity and portability to established structures while keeping their legal foundations intact. Practical adoption: How families are starting to use it Some families are already applying these tools in real structures. Instead of maintaining separate setups in each country, they’re using a unified custody framework paired with SPVs, Foundations or DIFC Wills to organise rights and define access. Tokenised assets are being arranged to reflect tax and legal rules across jurisdictions, without needing to rework the structure every time. This simplifies estate planning for families with heirs in multiple countries or where holdings span legal systems. When rules on access are already built in, transitions become quicker, clearer and less dependent on local processes. What once took months of paperwork can now be handled within an agreed framework that works across borders. Banks and custody tech: integration in motion Banks in the UAE are beginning to work more closely with custody tech firms, connecting their systems to platforms built to safeguard tokenised assets. This lets banks offer the same level of security for tokenised property or private securities as they already do for cash or gold. The result is a growing number of bank-backed custody solutions that feel familiar to clients but are powered by third-party tech in the background. Some are using white-label models to get to market faster, while keeping the client experience under their own brand. It is a shift that makes tokenisation feel less like an experiment and more like a service built into the financial system. For investors, it means trusted institutions can now store digital assets to institutional standards, without new processes or platforms to learn. Why this matters to investors These are still early moves, but they’re shaping how private wealth is now being managed in practice. Institutional systems are starting to absorb it, giving tokenised wealth a clearer role in long-term planning. For investors, that means more flexibility in how ownership is recorded, shared or passed on. Structures can reflect family intent, function across borders and stay in place through generational shifts. It’s not a change in what is being owned, but rather how ownership is being organised, and as the tools improve, they’re making long-term control, portability and cross-border access simpler to build into the structure from the start.

Recent years have brought major changes to the UAE’s legal system. Corporate tax, stricter Emiratisation targets, expanded AML rules and closer scrutiny of free zones have all raised the bar on compliance. Business decisions now carry more legal weight, and the cost of getting things wrong is higher. Legal advice plays a bigger role in day-to-day operations, but many companies still treat it as a last resort. That gap between when help is needed and when it’s sought often proves costly. A legal retainer offers a more practical approach. It gives you a steady line to legal support, helping you stay ahead of problems rather than chasing them after they land. This article breaks down what a retainer covers, who it suits and how to decide if it’s the right move for your business. When a legal retainer makes sense Running a business in the UAE means dealing with frequent regulatory updates, tight filing windows and strict enforcement. Legal questions come up often, but they’re not always flagged early, and these oversights tend to create bigger problems later. A vague clause in a service agreement, a late licence renewal, or a rushed shareholder resolution can lead to issues that take weeks to fix. These kinds of setbacks are common, especially with shifting rules around AML, tax and corporate governance. Take the DMCC. Companies there must now appoint a compliance officer, maintain a beneficial ownership register and meet tougher onboarding checks. Other free zones and mainland regulators are moving in the same direction. A retainer gives ongoing access to legal support without the cost of hiring in-house. It means documents can be reviewed before they’re signed, filings checked before submission and decisions made with a better understanding of the risks. What retainers usually include (and what they don’t) Most legal retainers are built around a set number of hours or tasks each month. These are typically used to review contracts, prepare shareholder or board resolutions, respond to MOHRE or regulatory queries and give quick answers to operational issues before they escalate. Some agreements also include access to standard templates or tools for routine filings. Retainers are most useful for the steady flow of legal work that runs alongside daily operations. Things like checking terms, resolving minor compliance concerns, drafting documents and keeping on top of regulatory changes. They also set clear limits. Litigation, complex M&A, or cross-border restructuring usually fall outside scope and are billed separately, though a good firm will flag this early and confirm next steps before moving ahead. The goal is to keep day-to-day legal support predictable, while still offering access to deeper expertise when needed. The difference between reactive and retained legal support When legal advice is only sought after something has gone wrong, it usually takes longer and costs more. The lawyer needs time to review the background, check documents and figure out what’s already been done. By then, options may be limited and the risk harder to contain. One of the main benefits of a retainer is familiarity. The lawyer already understands how the business is structured, which agreements are in place and who handles what. That means they can step in with clear, informed advice without needing a full briefing each time. It also changes how legal advice is used. Clients are far more likely to flag an issue early when they know they won’t be charged by the hour. That early call often stops the problem from turning into a penalty or dispute later. When a legal retainer becomes essential Once a business begins to deal with regulators, investors or overseas transactions, on-call legal advice becomes less of a convenience and more of a requirement. A company licensed for regulated activity, with multiple shareholders or staff moving across borders, will often face overlapping legal duties that are easy to miss without guidance. This includes periodic filings for ESR and UBO, ongoing AML checks, and rapid response to notices from free zone or federal authorities. In these cases, having legal input built into the monthly cycle helps keep you ahead of deadlines and out of trouble. The same applies when you’re managing frequent employment issues or being asked to disclose structure or ownership to banks and counterparties. The margin for error narrows as these requests multiply. A retainer ensures the advice is already there, without needing to start from scratch each time. How retainer models are priced and structured Pricing usually reflects how much input a firm expects to give. Some plans cover a set number of hours, others follow a fixed scope with capped tasks each month. Hybrid setups are also possible too, where base support is priced monthly and anything outside scope is charged as needed. The structure tends to follow the shape of the business. If the setup is more complex, then the cost adjusts to match. For example, a small trading company with a simple structure might need light-touch support to cover contracts and filings whereas a holding company with overseas entities or a startup hiring quickly in multiple free zones will face a heavier stream of legal work. Larger companies often need wider terms or higher thresholds, especially when there are board meetings, share issues, or frequent regulatory interactions. In all cases, the aim is to keep things predictable without locking out access when something more involved comes up. That flexibility is what makes the model useful across different types of businesses. Need legal support that fits your structure? The Knightsbridge Group has spent over a decade advising businesses in the UAE across sectors and stages of growth. We help clients put the right frameworks in place, whether that means reviewing contracts, responding to regulatory notices, or building in legal support as day-to-day needs evolve. For steady, informed guidance tailored to how your business works, contact us at [email protected].

For non-European investors, entrepreneurs and internationally mobile families, the question is no longer whether Europe remains attractive. The real question is which European country offers the best combination of residency rights, tax efficiency, lifestyle quality and long-term strategic value. At Knightsbridge Group, we are seeing growing interest from clients in the Middle East, Africa and Asia who are looking at Europe not merely as a travel destination, but as a serious residency and wealth-planning jurisdiction. In that discussion, Italy has re-emerged as one of the most compelling countries in Europe. For many years, Italy was admired for its culture, cuisine and lifestyle, but overlooked as a practical relocation base. That has now changed. In 2026, Italy offers a rare combination of: Residence options for non-EU nationals Attractive tax regimes for specific profiles Lower entry costs than some competing jurisdictions Strong lifestyle value, particularly outside the most saturated markets Strategic access to the wider European Union This article explains why Italy is increasingly relevant for non-European investors, how its residency options compare with other EU countries, and which type of client is most likely to benefit from an Italian strategy.  Why Italy Is Attracting International Investors Again Italy’s renewed appeal is not based on marketing. It is based on a convergence of factors that are increasingly difficult to ignore. The country remains one of Europe’s largest economies, with deep industrial capacity, a strong export base, globally recognised brands, and some of the most desirable cities and regions in the world. However, what has changed in recent years is the growing realisation that Italy can now function not only as a beautiful place to spend time, but as a viable operational base. For non-European investors, that matters. Italy now appeals to several distinct profiles: Remote entrepreneurs and consultants High-net-worth individuals seeking a European base Retirees and lifestyle-led relocators Investors looking for long-term residency without immediate relocation International families who want access to Europe, but not necessarily the cost profile of London, Paris or Geneva In practical terms, Italy offers something few jurisdictions do: Mediterranean quality of life, meaningful tax incentives, and multiple entry routes for non-Europeans. The Main Residency Routes into Italy for Non-EU Nationals  1. Italy Investor Visa The Italy Investor Visa is one of the most important residency routes for non-European investors. This route is particularly attractive because it provides residency through qualifying investment, while also offering a relatively clear and structured process. Typical options include: Investment into an innovative Italian company Investment into an established Italian company Government bonds Philanthropic donation routes One of the strongest features of the Italian Investor Visa is procedural: the applicant can often receive visa approval before completing the investment. This materially reduces execution risk and distinguishes Italy from several other residency-by-investment programmes. For many international investors, that alone makes Italy highly competitive.  Why this matters Unlike jurisdictions where capital is deployed first and residency is only confirmed later, Italy allows investors to obtain comfort on the immigration side before funds are committed. This makes the programme particularly attractive to: Cautious investors Crypto or internationally diversified investors Families seeking flexibility rather than immediate physical relocation Applicants who want EU access without excessive stay obligations  2. Italy Elective Residence Visa For wealthier individuals with passive income, Italy’s Elective Residence Visa can be a highly effective route. This visa is not an investment route in the traditional sense. Instead, it is designed for individuals who can demonstrate sufficient means to support themselves without working in Italy. It is often suitable for: Retirees Family office principals Investors with rental, dividend or portfolio income Individuals seeking a high-quality European base For many clients, this route works well where lifestyle is the priority and active local business operations are not required.  3. Italy for Remote Professionals and Highly Skilled Individuals Italy’s tax and residency framework has become increasingly attractive to internationally mobile professionals, founders, consultants and high-skilled individuals. For certain qualifying profiles, Italy offers meaningful tax incentives which, depending on the structure and personal circumstances, may materially reduce the effective tax burden during the early years of residence. This has made cities such as: Milan Rome Florence Lecce Trieste Pescara more relevant than they have been for years. For remote earners billing global clients, Italy can, in the right circumstances, become a genuine lifestyle arbitrage play: earning internationally while living in a country with deep cultural value and, in some regions, comparatively modest living costs.  Why Southern Italy Is Now on the Radar One of the most overlooked aspects of the Italian proposition is Southern Italy. While international buyers often focus on Tuscany, Milan, Rome or Lake Como, many of the most compelling value opportunities now sit further south, particularly in areas such as: Puglia Sicily Calabria Abruzzo Campania These regions offer a combination of: Lower real estate pricing Authentic Italian living Strong food, climate and culture Improving infrastructure Better value than many better-known Western European destinations For internationally mobile families or remote professionals, this can create a powerful proposition: European residency and Mediterranean lifestyle at a cost basis far below many competing jurisdictions. That said, Southern Italy is not for everyone. It requires realistic expectations around infrastructure, bureaucracy, language and seasonality. But for the right client, it can be one of the most underpriced lifestyle jurisdictions in Europe.  Italy’s Tax Appeal for Different Investor Profiles Italy is not a “zero-tax” jurisdiction. It should not be presented that way. However, for the right profile, its tax framework can be highly attractive. High-Net-Worth Individuals Italy’s flat tax regime for new residents can be highly competitive for individuals with substantial non-Italian income. For ultra-high earners, this can significantly reduce global tax exposure relative to many Western European countries.  Remote Professionals For qualifying individuals relocating to Italy, certain preferential regimes may materially reduce taxable income for a fixed number of years.  Retirees Italy can also be highly attractive for foreign pensioners in certain qualifying southern municipalities, where special low flat-tax treatment may apply. These regimes require careful analysis and should always be reviewed in light of: Existing tax residence Source of income Physical presence Treaty position Family structure Asset holding arrangements At Knightsbridge Group, this is where strategic planning becomes essential: the visa is only one part of the move; the tax and structuring side is often more important.  Italy Compared with Other EU Countries Offering Residency to Non-Europeans Italy is not the only option. Several EU countries continue to attract non-European investors, each with a different profile.  Portugal Portugal remains one of the most important residency jurisdictions in Europe, particularly because of its strong long-term citizenship pathway. However, the landscape has changed. Entry routes have evolved, competition has increased, and the market is no longer what it was a decade ago. Portugal is still powerful, but no longer the only obvious choice.  Best for: Clients prioritising long-term citizenship planning Those comfortable with Portugal’s changing programme framework Families seeking a highly international environment  Spain Spain offers strong lifestyle appeal, large cities, international schools, and recognised visa routes including digital nomad and other residency categories. However, from a pure tax-planning perspective, Spain can be less attractive than Italy for some profiles, depending on income type and scale.  Best for: Lifestyle-led relocators Remote workers Clients prioritising large-city Mediterranean living  Greece Greece remains attractive for residency through property investment and continues to appeal to non-EU investors seeking Schengen access and a relatively straightforward investment route. However, for clients seeking broader operational depth or more nuanced tax positioning, Italy may offer greater versatility.  Best for: Property-led residency buyers Lifestyle investors Clients seeking a lower-threshold entry into the EU  Malta and Cyprus  These jurisdictions remain relevant for certain internationally mobile clients, particularly those focused on English-speaking legal systems, holding structures, or specific tax outcomes. That said, they appeal to a narrower group and often do not offer the same cultural and lifestyle depth as Italy.  Who Italy Works Best For Italy is not ideal for everyone. But in our experience, it can be one of the best moves in Europe for four categories of client:  1. The International Founder or Consultant Someone earning globally, able to work remotely, and seeking a European base with strong cultural value.  2. The High-Net-Worth Individual Someone with substantial non-Italian income looking for a sophisticated European jurisdiction with a favourable regime and long-term prestige.  3. The Retiree or Passive-Income Holder Someone prioritising climate, quality of life and manageable tax treatment in a stable EU country.  4. The Strategic “Country B” Investor Someone based in Dubai, Singapore or elsewhere who does not want to relocate fully, but wants a European foothold, optionality, and family access to Europe.  The Honest Downsides Italy has many strengths, but any serious advisory article should also acknowledge the limitations. These include: Bureaucracy can be slow and inconsistent Regional infrastructure varies significantly Southern Italy may require more adjustment than clients expect Language matters far more than in some competing jurisdictions Administration should never be underestimated For this reason, Italy works best when the move is properly planned and executed with legal, tax and administrative coordination from the outset.  Why Italy Deserves Serious Consideration in 2026 Italy is back on the map because it offers something increasingly rare in Europe: a serious residency option with genuine tax relevance, deep cultural value, and strong long-term strategic utility. It is not merely a holiday destination. It is not only a lifestyle story. For the right non-European investor, it can be: A primary relocation base A strategic secondary residency A long-term family platform A European mobility solution A jurisdiction for lifestyle and capital preservation And importantly, it is still, in many areas, relatively underpriced compared with more crowded European residency markets. How Knightsbridge Group Assists Non-European Investors At Knightsbridge Group, we advise non-European clients on: Italy Investor Visa planning European residency strategy Comparative jurisdiction analysis Cross-border tax positioning Asset protection and holding structures Relocation planning for founders, investors and families For many clients, the right answer is not simply “move to Italy” or “move to Portugal.” The right answer is to identify which European jurisdiction best aligns with: your business model your family’s mobility needs your tax position your long-term citizenship objectives your desired lifestyle That analysis should always be done before capital is committed.  Considering Europe in 2026? If you are a non-European investor considering Italy, Portugal, Spain, Greece or another EU residency route, Knightsbridge Group can help you assess the most suitable structure for your circumstances. Italy may not be right for everyone. But for the right client, it may now be one of the most compelling European moves available.  

Private credit has moved from a niche option to a regular part of Gulf financing over recent years. Regional banks still play a central role, but private funds, family offices and structured lenders are now active across real estate, trade finance, energy services and private equity style transactions. This growth brings capital faster, but it also brings tighter legal expectations. This article looks at why private credit has expanded and what lenders now expect to see before they commit funds. Why private credit is expanding Several factors sit behind the rise of private credit in the region. Bank lending standards tightened after recent cycles, especially for mid-sized businesses and complex structures. At the same time, private capital pools have grown quickly, often backed by regional families or international funds with a higher return target. These lenders are comfortable with tailored deals, but only if legal risk is controlled. We see borrowers turning to private credit for speed and flexibility. Terms can be agreed in weeks rather than months. Covenants can be shaped around the business rather than a standard bank template. That speed comes at a price, usually higher cost, and it comes with stronger legal controls. Private lenders do not rely on relationship history. They rely on documents that work in practice. The legal environment lenders are watching Gulf jurisdictions have invested heavily in legal and regulatory frameworks over the past decade. Insolvency laws, security registration systems and court procedures are clearer than they once were. That said, enforcement still varies by jurisdiction, asset type and counterparty. Private lenders price risk carefully, so they focus on certainty. They want to know which court has jurisdiction, how long enforcement takes and whether judgments are respected locally. Where uncertainty remains, lenders compensate by demanding more control upfront. That’s why legal protections have become more detailed, not less. Security packages are no longer basic A few years ago, a pledge over shares or a simple mortgage might have been enough. Today, private lenders expect layered security. This often includes share pledges, asset pledges, bank account control agreements and assignment of receivables. Each element is designed to work together so that if one route fails, another remains open. Perfection of security is just as important as the security itself. Lenders now insist on proof of registration, notarisation where required and confirmation that corporate approvals are valid. In practice, this means borrowers must prepare earlier. Last minute fixes rarely satisfy a private credit committee. Control rights during the life of the loan Private credit lenders expect more than security that only works at default. They want ongoing visibility and influence. This shows up in information rights, consent requirements and operational covenants. For instance, lenders often require approval for new debt, asset sales or changes to group structure. We often see cash control becoming central. Borrowers may be required to route revenue through controlled accounts or agree to cash sweep mechanisms. From a lender’s perspective, this reduces reliance on court enforcement. From a borrower’s perspective, it requires careful planning to avoid operational strain. Sponsor support and guarantees Where a borrower is part of a wider group, lenders increasingly expect sponsor support. This can take the form of guarantees, equity commitment letters or undertakings to inject funds if ratios fall below agreed levels. The legal drafting here has become more precise. Lenders pay close attention to who is giving the support and where that entity sits. A guarantee is only useful if it can be enforced and if the guarantor has real substance. As a result, group charts, shareholder agreements and constitutional documents are reviewed in detail. Governing law and dispute resolution Choice of law remains a key point in private credit deals. Many lenders prefer English law for facility agreements, with local law security documents where assets sit. Arbitration is sometimes used, but courts remain common for enforcement heavy structures. What has changed is the level of alignment required. Lenders want governing law, jurisdiction clauses and enforcement routes to work together. Mismatches create delay and delay increases loss. We see far fewer compromises on this point than in the past. Financial covenants and early warning tools Private lenders rely heavily on financial covenants as an early signal. These are often tighter than bank covenants and tested more frequently. Breach thresholds may be lower, giving lenders the right to step in before value erodes. The legal side of these covenants is critical. Definitions, testing mechanics and cure rights must be clear. Ambiguity benefits no one. Borrowers who understand this early are better placed to negotiate terms that are workable rather than restrictive by accident. Intercreditor and priority issues As private credit grows, so does complexity. Many borrowers already have bank facilities, leasing arrangements or shareholder loans in place. Lenders now expect clean intercreditor arrangements that set out priority, enforcement control and payment waterfalls. These documents are often the hardest to agree. They require coordination between banks, private lenders and sponsors. From our experience, early engagement saves time. Leaving intercreditor points to the end can stall closing entirely. Documentation standards have risen Private credit documents used to be lighter than bank facilities. That’s no longer true. Lenders now use detailed term sheets, conditions precedent lists and representations that mirror institutional standards. The difference lies in customisation, not simplicity. Borrowers shouldn’t assume that private credit means informal credit. Legal teams on the lender side are well resourced and commercially sharp. Preparing early and understanding the documents reduces friction and cost. What this means for borrowers The growth of private credit brings opportunity, but it also raises the bar. Borrowers who approach these lenders with incomplete structures or weak documentation face tougher terms or delays. Those who prepare properly often secure better pricing and smoother execution. In practice, this means reviewing group structure, asset ownership and existing obligations before entering discussions. How The Knightsbridge Group can help With over ten years advising international businesses and families, The Knightsbridge Group supports clients across the UAE and worldwide. We work across legal, tax and immigration and fiduciary matters, so private credit structures are assessed as a whole rather than in isolation. That integrated view helps clients present stronger, clearer propositions to lenders. We support borrowers and lenders through structuring, due diligence and documentation. This includes reviewing security packages, coordinating with trustees, banks and regulators and aligning cross-border elements so enforcement works as intended. Our role is often to spot issues early, before they become negotiation blockers. To review your current arrangements or plan new strategies, contact [email protected]

Few would have predicted that one of the brightest stories in global fintech would come from the Middle East and North Africa, yet in less than a decade the region has turned into a centre of momentum. While investment across Europe and North America has cooled of late, funding in the MENA region passed USD 2 billion in 2024 with the number of active firms climbing beyond 1,500. Saudi Arabia, the UAE, and Egypt are at the forefront, creating new unicorns and attracting global investors to a market that offers the conditions fintech startups need to succeed at scale. This article looks at why MENA has emerged as one of the most promising regions in the world for fintech growth, and what sets it apart from established hubs elsewhere. Capital flows and investor appetite Much of the region’s momentum comes from how capital is being deployed. Gulf sovereign funds and large family groups have made fintech part of their wider investment strategies, often backing firms at a speed and scale that founders elsewhere struggle to match. In Saudi Arabia alone, fintech startups raised about USD 1.3 billion across 2023 and 2024, with deals such as stc Bank’s USD 200 million round setting new benchmarks for the sector. The UAE has followed a similar course, with Dubai-based funds leading a significant share of Gulf fintech rounds in 2024. This depth of liquidity shortens the path from seed to growth stage, cutting out the long pauses and down rounds that are common in Europe and North America. Average deal times in the Gulf are often measured in weeks rather than months, which changes the rhythm of building a company and gives startups in the region a rare advantage. Regulation and supportive frameworks The other reason startups have gained pace in the region is the way regulators have opened the door while keeping oversight firm. In Saudi Arabia, the central bank has played a leading role, issuing three digital bank licences and running a sandbox that has now approved more than 50 new models in payments, lending, and wealth tools. That mix of permission and supervision has allowed firms to test at scale without losing the confidence of customers or investors. Elsewhere, Dubai’s DIFC and Bahrain have taken a similar course, giving early stage companies structured routes to trial products under watch before moving into full licences. Open banking is also being phased in, with Saudi Arabia mandating rollout across banks by 2025. These steps give smaller firms access to data once held tightly by incumbents and make it clearer how startups can grow within the system without the regulatory grey areas seen in other markets. Demographics and consumer demand The strength of the region’s fintech market also rests on its demographics. More than half of the population is under 30, and smartphone penetration in Gulf states sits above 90 percent. That combination of youth and digital access has created a consumer base ready to adopt new financial services at speed. In Saudi Arabia, where about 70 percent of adults were outside the formal banking system only a decade ago, the use of digital wallets has grown by more than 40 percent year on year. Buy-now-pay-later services have also surged, with adoption rates among the highest in the world. This shows how quickly consumer behaviour is changing. Egypt is seeing the same effect, with mobile payments now processing transactions in the billions each year. For fintech founders, it means the region offers a customer base that’s both young and highly engaged with new ways of managing money. Government agendas and infrastructure Fintech growth in the region is also being shaped by government strategies that treat digital finance as part of wider economic reform. In Saudi Arabia, Vision 2030 set a target of raising cashless transactions to 70 percent by the end of the decade, and programmes like Fintech Saudi have already helped hundreds of startups move from pilot to market. Public backing has also included direct funding, incubators, and links between regulators, banks, and universities to build a stronger talent base. The UAE has taken a parallel route, with DIFC and ADGM both promoting fintech hubs that connect early stage firms with capital and licensing support. Bahrain has positioned itself as a first mover in regional open banking rules, drawing in cross-border entrants. These initiatives mean startups can access clearer licensing routes, stronger institutional backing, and a deeper pool of skilled talent, all of which make it easier to build and scale. Global positioning and cross-border growth Beyond domestic policy, the regional fintech story has an international dimension. Saudi Arabia has pushed forward on cross-border payments, with the central bank linking systems to the UAE and experimenting with digital currencies for trade settlement. Several Gulf-backed fintechs have already expanded into Egypt, Pakistan, and parts of Africa, using the region’s location as a bridge between large neighbouring markets. Global comparisons highlight the scale of this progress. While London and Singapore remain established hubs, MENA’s fintech revenue is forecast to grow at more than twice the global average, reaching a projected annual rate of 35 percent through 2028. For founders, that means the dual benefit of a fast-growing home market and a base from which to reach neighbouring economies in Africa and South Asia. From local momentum to global reach Fintech in the region has moved to the centre of global growth. Capital is flowing at record pace, regulation is structured but open, consumer demand is strong, and governments are backing the sector as part of wider economic reform. Saudi Arabia, the UAE, and Egypt stand out, yet the effect is regional, with scale that stretches beyond national borders. For founders and investors, this is a market where growth today connects directly to influence over how financial systems in MENA, Africa, and South Asia develop in the years ahead.

Saudi Arabia has committed over SAR 100 billion to education and training as part of Vision 2030. A key focus is bringing in more private sector expertise across technical, vocational and corporate learning. There’s steady demand across Saudi Arabia for language instruction, practical skills courses, and training in areas like finance, digital tools and business management. For experienced providers, it’s a market with room to grow. This guide walks through the key steps to setting up an education or training company in Saudi Arabia, including what licences you may need and how the process works in practice. Choose your model and focus Start by deciding what kind of training you want to offer. This might be a private learning centre, tailored corporate programmes, a digital learning platform or a niche subject such as coding or soft skills. Language and tech-based programmes are in demand, along with vocational and job-readiness training. Some activities fall under regulation, others don’t. If your courses involve certified instructors or lead to a recognised qualification, you’ll likely need approval from the Technical and Vocational Training Corporation (TVTC). For short, non-accredited sessions or company workshops, a standard commercial licence may be enough. Sorting this out early helps avoid delays later. Get MISA approval for foreign ownership If you plan to own the business outright, you’ll need a foreign investment licence from the Ministry of Investment (MISA). This is the entry point for international companies and individuals setting up in Saudi Arabia. The application requires a business plan, details of your intended activity and proof of capital. Once approved, MISA will issue an investment licence that lets you proceed with commercial registration. Timing varies, but most approvals come through within a few weeks. Without MISA approval, you’ll need a Saudi partner who holds at least 25% of the business under current rules. Apply for a commercial registration (CR) Once MISA approval is granted, you’ll register the business with the Ministry of Commerce. This includes choosing a company name and applying for a Commercial Registration (CR), which confirms your legal status. Most foreign-owned training firms set up as limited liability companies (LLCs), although other formats exist. You’ll need to select the right activity code from the ISIC list based on your service offering. A local office address is also required and must match the registration details. Obtain TVTC licensing if required If your business offers vocational training or regulated instruction, you’ll need a licence from the Technical and Vocational Training Corporation (TVTC). This applies to in-person centres and many e-learning platforms, especially those offering certificates or structured programmes. The application process includes submitting course outlines, trainer CVs and a full plan of the facility. TVTC reviews the content, checks trainer qualifications, and may carry out a site visit before approval. Instructors must meet certain standards, including relevant degrees or proven work experience in the field. Online platforms may need to show how content is delivered, how learners are assessed and how records are kept. Licensing timeframes can vary, so it helps to keep your documents well organised and ready to submit when required. Final setup tasks before operations begin With the main approvals in place, a few final steps remain. Apply for a municipality licence to legally operate your site and register with the local Chamber of Commerce. If you expect to cross the VAT threshold, you’ll also need to register with ZATCA. Other essentials include getting company documents stamped, opening a corporate bank account and completing any required translations or attestations. Most of this runs in parallel during the final setup phase. Hiring, Saudisation, and visas Staffing a training business in Saudi comes with some fixed rules. Nitaqat quotas apply once you go beyond five employees, and certain jobs like reception and admin are often reserved for Saudi nationals. For trainers, you’ll need to show credentials upfront, usually a degree and some experience in the subject area. If you’re bringing in foreign staff, make sure their qualifications match both visa criteria and any licensing checks. TVTC approval may also be needed on a case-by-case basis. Most centres start small, with five to ten employees, depending on how many courses or training rooms are in use. Outlook and demand areas There’s strong momentum around upskilling across Saudi Arabia, driven by both government schemes and business demand. Riyadh, Jeddah and Dammam are seeing the highest activity, especially in fields like tech, finance, logistics and service delivery. Companies are investing more in training, often in partnership with local or national programmes. Remote learning is now widely accepted, particularly for adult learners and corporate teams. Edtech providers and course operators offering flexible formats are well placed to meet this shift. There’s also room to plug into public initiatives, either through direct contracts or as an approved private partner. With demand growing and entry points expanding, now is a great time to enter this market and build a presence in one of the Kingdom’s fastest growing sectors. How can The Knightsbridge Group help? With more than ten years of experience supporting international companies across the Gulf, we help clients set up and run their operations in Saudi Arabia with clarity and confidence. We manage the full process, from MISA licensing and commercial registration to TVTC approvals, Saudisation planning, office setup and visa support. Our team also advises education and training firms on how to structure their operations clearly, meet local rules, and stay practical about compliance. To speak with us about launching a training or education business in Saudi Arabia, or to get help with any part of the setup, email us at [email protected].

There is a difference between a jurisdiction that welcomes capital and a jurisdiction that goes looking for it. Dubai has spent the better part of a decade doing the former rather well. This week it made clear that it now intends to do the latter, and it has recruited one of Switzerland’s oldest private banks to help.Dubai’s Department of Economy and Tourism has signed a strategic agreement with Julius Baer (Middle East) Ltd., the regional arm of the Zurich-headquartered wealth manager. The stated purpose is straightforward enough. The two parties intend to build structured pathways for international investors, business owners, family offices and private clients who are considering Dubai as a base. In practice, it means that when a family in Zurich, Singapore or São Paulo asks its private banker where it should be looking next, there is now a formal channel running directly from that conversation into Dubai’s economic development apparatus.For families already advised on cross-border structuring, this is worth reading closely. It is not a marketing announcement. It is an indication of where the emirate believes its next decade of growth is coming from.What the Numbers Are Actually SayingThe context behind the agreement is more compelling than the agreement itself.At the end of 2025, the Dubai International Financial Centre was home to 1,289 family-related entities, an increase of sixty one per cent on the prior year. Foundations established by DIFC-based families reached 1,115 over the same period, up sixty six per cent year on year. These are not incremental figures. A jurisdiction does not see two thirds growth in foundation formation because of favourable weather and good restaurants. It sees it because families have concluded that the legal architecture is sound enough to hold assets they intend to pass on.The wider economic picture supports the same reading. Dubai has now ranked as the world’s leading destination for greenfield foreign direct investment projects for five consecutive years, and the emirate recorded GDP growth of 5.4 per cent in 2025. Capital is not arriving out of sentiment. It is arriving because the underlying economy is expanding and because the regulatory environment has matured to the point where sophisticated families can structure around it with confidence.Julius Baer, for its part, brings roughly CHF 547 billion in assets under management as at the end of June 2026, along with a presence in more than twenty five countries and sixty locations. That is a substantial global funnel to be pointed in one direction.Why Private Banks Are Now Part of the Migration StoryFor a long time, the wealth migration conversation was dominated by immigration advisors and property developers. Residency was sold as a lifestyle product. The private banking relationship, if it existed at all, tended to come afterwards.That sequence has inverted. Families relocating today are increasingly making the banking and structuring decision first and the property decision second. The reason is practical. A residency permit does not organize succession. A villa does not solve for reporting obligations across three jurisdictions. What resolves those problems is a properly constituted holding structure, a bank that understands cross-border families, and a governance framework that survives the founder.Julius Baer’s leadership has been candid that geopolitical complexity is part of what is driving this. Their view, expressed around the agreement, is that instability elsewhere has strengthened rather than weakened the case for Dubai, because the emirate offers institutional credibility and a clear long-term economic direction at a moment when several traditional hubs offer neither.We would put it slightly differently. Families are not moving to Dubai because everywhere else has become unworkable. They are moving because Dubai has become genuinely workable, and because the cost of maintaining a single-jurisdiction life has risen sharply.The Structural Question Most Families Get WrongHere is where the practical work begins, and where a great many families still stumble.Establishing presence in Dubai is not difficult. Establishing the right presence in Dubai requires judgement. A family that arrives with a mainland trading company, a personal property portfolio held in individual names, and no succession instrument has technically relocated. It has not restructured. When the founder dies, the assets sit exposed to default succession rules, the operating business has no separation from the family balance sheet, and the next generation inherits a set of problems rather than a set of instruments.The alternative is a deliberate architecture. A DIFC Foundation sitting at the top as the ownership layer, holding companies beneath it segregating operating risk from passive assets, special purpose vehicles for individual real estate holdings, and a DIFC Will alongside it to govern anything held outside the structure. Each element is unremarkable on its own. Assembled correctly, they produce something that most families genuinely want and few actually have, which is a structure that continues to function without the founder present to hold it together.The surge in DIFC foundation registrations suggests that this message is landing. The number of families who have implemented properly, as opposed to registered an entity and stopped, is smaller than the headline figure implies.What This Means If You Are Considering the MoveThe DET and Julius Baer agreement should be read as a signal about direction rather than a change in the rules. Nothing about the DIFC regime, the Golden Visa framework or the corporate tax position has changed as a result of it. What has changed is the level of institutional commitment behind attracting long-term capital, and that commitment tends to be followed by further refinement of the regimes themselves.For families weighing the decision, the practical implication is timing. Jurisdictions are at their most accommodating when they are competing for capital. Dubai is competing openly and confidently at present. The families who structure now, while the regulatory environment is being actively improved and while the administrative apparatus is oriented towards welcoming them, tend to secure better outcomes than those who arrive once a jurisdiction is comfortable and no longer needs to try.The second implication concerns sequencing. A partnership between an economic development body and a private bank creates a pathway into the market. It does not create a plan for your family. The pathway will introduce you to the jurisdiction. It will not tell you whether your Omani operating business should sit inside or outside the Foundation, whether your children should hold branch foundations of their own, or how your existing exposure in a treaty jurisdiction interacts with a UAE tax residency certificate. Those questions require advice that is independent of any single product.How Knightsbridge Group Can HelpKnightsbridge Group advises internationally mobile families on the full arc of establishing in the UAE, from residency and corporate formation through to DIFC Foundation architecture, succession instruments and long-term legacy planning. We work alongside private banks, tax counsel and family offices rather than in competition with them, because the value of what we do lies in coordinating the pieces rather than selling any one of them.If you are assessing Dubai as a base for your family or your capital, we would welcome the conversation.

In the years following Brexit, a growing number of British nationals based in Dubai have taken a strategic step to restore their European mobility: applying for Irish citizenship by descent.  At Knightsbridge Group, working alongside our specialist Irish legal partners, we have seen a significant increase in successful applications from UK citizens with Irish parents or grandparents – many of whom are now reclaiming full European Union rights for themselves and their families.  What Is Irish Citizenship by Descent? Irish law allows individuals to claim citizenship if they can demonstrate qualifying ancestry: Automatic entitlement if you have an Irish-born parent Eligibility through the Foreign Births Register (FBR) if you have an Irish grandparent Once registered, the applicant becomes a full Irish citizen, with the right to apply for an Irish passport. This is not a residency programme or investment route. It is a legal right, based on lineage – making it one of the most credible and secure citizenship pathways available globally.  Why British Expats in Dubai Are Applying  For British nationals living in the UAE, Irish citizenship has become increasingly relevant for both practical and strategic reasons.  Restoring EU Freedom of Movement Irish citizenship provides full European Union rights, including: The right to live, work, and study across all EU member states Access to European healthcare and education systems Freedom to establish businesses within the EU For many UK nationals, this effectively restores the rights lost post-Brexit.  Future-Proofing Family Mobility Many applicants are not applying solely for themselves, but also for their children. Once citizenship is secured: Children can often be included or become eligible in due course The entire family gains long-term mobility and relocation options Future generations may benefit from EU access without additional applications  Strategic “Plan B” In an increasingly uncertain global environment, families are prioritising: Geographic flexibility Access to multiple jurisdictions Long-term security beyond a single country of residence Irish citizenship offers a stable, EU-based fallback option without requiring relocation today.  Strong Global Passport An Irish passport is consistently ranked among the world’s most powerful, offering: Extensive visa-free travel globally Strong international recognition Access to both the EU and UK Common Travel Area  Why Dubai-Based Applicants Are Well Positioned British residents in Dubai are particularly well placed to benefit from this route: Many have Irish ancestry through parents or grandparents They already operate in an international environment They often seek flexibility between the UK, EU, and UAE This combination makes Irish citizenship by descent a highly logical and efficient solution. The Application Process While the principle is straightforward, the process requires careful handling.  Key Steps: Eligibility assessment based on family lineage Collection of supporting documentation (birth, marriage, and identity records) Submission to the Foreign Births Register (if applying via grandparent) Registration and issuance of Irish citizenship Application for an Irish passport Processing times can vary, and documentation must be precise and correctly certified. Errors or omissions can lead to delays.  How Knightsbridge Group Assists At Knightsbridge Group, we provide a fully managed service for Dubai-based clients, working closely with our Irish legal partners to ensure accuracy and efficiency. Our support includes: Initial eligibility assessment Full document review and preparation Coordination with Irish authorities End-to-end application management Guidance on extending citizenship benefits to family members Our focus is on delivering a seamless, compliant, and successful outcome, particularly for clients with complex international profiles.  A Practical Route Back to Europe For British nationals in Dubai, Irish citizenship by descent is not simply an administrative exercise, it is a strategic decision. It offers: Immediate restoration of EU rights Long-term mobility for the family A credible and legally grounded second citizenship In contrast to investment migration programmes, this route is based on heritage and entitlement, making it both cost-effective and highly secure.  Final Thought  In today’s environment, those who plan ahead retain the greatest flexibility. For British expats with Irish ancestry, the opportunity to reclaim EU citizenship is not just available – it is increasingly being acted upon.   About Knightsbridge Group  Knightsbridge Group advises international clients on: Citizenship by descent Residency and immigration planning Cross-border structuring and family mobility We work with leading legal partners to deliver tailored solutions aligned with your long-term objectives.  

Saudi Arabia’s push to diversify its economy has put serious weight behind sectors with long-term global value. Technology, including software development, cloud services and digital infrastructure, is one of the main targets. Backed by state funding, legal reform and large-scale national projects, the Kingdom is opening up to international tech companies in a way it never has before. If you’re looking to enter the market, this article sets out how to establish a software or tech development company in Saudi Arabia, what the process involves and what to get right early on. What counts as a tech company in Saudi Arabia The tech sector in Saudi includes a broad mix of digital and software-based businesses, including: Custom software and mobile app development SaaS platforms and digital marketplaces Cloud infrastructure and data services Cybersecurity providers AI, analytics and IoT-focused solutions   These are typically licensed under activity categories such as “computer programming,” “IT consultancy,” or “information technology services.” The key point is that if your business involves building, supporting or securing software or digital systems, it will fall under one of these regulated activities. Licensing and company setup Setting up a tech company as a foreign investor starts with the Ministry of Investment (MISA). This is where you apply for a foreign investment licence. Most software and IT-related businesses fall under “computer programming” or “IT consultancy” activities. Once granted, this licence allows full foreign ownership and is the entry point to company formation. Next comes commercial registration with the Ministry of Commerce which includes reserving your company name and issuing the national commercial registration (CR). Your MISA licence and CR are linked, so you’ll need to complete both in sequence. If your business is expected to generate more than SAR 375,000 in annual revenue, you must register with ZATCA for VAT. You’ll also need to apply for a municipality licence in the city where you’ll be operating. To legally employ staff, you’ll need to open files with GOSI (for social insurance) and set up your company in the Nitaqat system, which tracks Saudisation compliance. These steps are mandatory even if you’re starting with a small team. Most foreign-owned companies begin with a declared capital of SAR 500,000, unless a specific activity or authority requires more. Some sectors carry higher capital rules, but for general software, tech development or IT services, this amount is typically accepted. While the process involves several authorities, it’s now more coordinated than before and most filings can be handled through legal or corporate service providers. Getting operational: office, hiring and compliance Once your licence is issued, you’ll need a physical office lease to complete setup. Virtual offices aren’t accepted for tech businesses, and the lease must be in place before you apply for the municipality licence. Commercial registration triggers the need for Chamber of Commerce membership, which is handled at the same stage. If you plan to hire, register with GOSI before onboarding staff. Saudization also applies from the start. Minimum Saudi hiring targets depend on your company size, but even one-person operations are expected to comply under the Nitaqat system. Hosting, IP and compliance There are a few regulatory details to pin down once your business is operational. If you handle user data, especially in sectors like finance or government, check whether data needs to be hosted locally. This comes under CST rules and applies more tightly to certified cloud providers. Software IP can be registered with the Saudi Authority for Intellectual Property. It’s not mandatory, but worth doing if you’ve built proprietary code or platforms. There’s no blanket rule requiring Arabic language support unless your clients include government agencies. That said, localisation matters. Saudi users expect interfaces and content that reflect regional usage, even if the product is built on global architecture. Planning for this from the start, along with the right setup and compliance structure, will save time, reduce risk and keep your business running without interruption. After setup: banking, admin and local hurdles Once your company is fully registered, you’ll need to open a corporate bank account. This can take time, especially for foreign-owned businesses. Banks will ask for the full set of company documents in Arabic, along with details on ownership and signing authority. Processing can take a few weeks, so plan accordingly. You’ll also need to stay on top of licence renewals and ZATCA reporting if registered for VAT. Some of this is automated, but errors in translation or document formatting still cause delays. The municipality stage is another common bottleneck, especially if your office lease isn’t properly registered or linked. Delays in Arabic documentation, last-minute approval requests, or unclear KYC steps can all slow things down if not planned for. Planning for this from the outset, including the right setup and compliance structure, will save time, reduce risk and help you stay operational without disruption. How can The Knightsbridge Group help? With over a decade of experience supporting international clients across the Gulf, we help businesses enter and operate in Saudi Arabia with confidence. We work closely with Saudi regulators to ensure each setup is structured correctly from the start. Our team handles the full process, from MISA licensing and commercial registration to Saudisation planning, tax setup, office leasing and visa support. We also advise software, cloud and tech-driven companies on how to meet local data, IP and compliance requirements without overcomplicating operations. If you would like expert assistance with launching a tech company in Saudi Arabia, or help with any other structuring or licensing matter, contact us at [email protected].

Many international residents in the UAE assume that by being resident in the country, they also automatically have tax residency. It’s a common mistake. A residence visa allows you to live and work here, but that doesn’t mean you meet the criteria for tax residency under UAE law or international standards. This mix-up can create problems, especially for those with links to more than one country. Cases of double taxation, treaty denial and reclassification are becoming more frequent. Since 2023, the UAE has applied formal rules to define tax residency. This article looks at what those rules are and how to make sure your status holds up if challenged. Immigration status does not define tax residency Holding a residence visa means you can live in the UAE, open a bank account, apply for utilities, sponsor family and, if your licence allows it, work. It doesn’t confirm where you’re tax resident. That’s a separate issue, dealt with through a different process. Immigration status is administrative. It doesn’t prove where you’re based for tax purposes unless you meet the criteria and can show it. This matters if you’re relying on the UAE as your main country of residence under a tax treaty, or trying to show authorities elsewhere that you’ve shifted your tax base. Without clear evidence, that claim may not stand. What makes someone a UAE tax resident There are three ways to qualify, each with its own threshold and supporting evidence. You only need to meet one. The first is based on where your main ties are. If your work, family, property, income or spending is mainly in the UAE, you can apply on this basis. The tax authority looks at where you normally live, where you earn and spend, and what keeps you tied to that place. You’ll need to show consistent UAE-based activity across things like housing, employment, licensing, schooling, banking and regular movement. This could mean a 12-month Ejari contract in your name, a Dubai salary credited monthly into a local bank account, school fees paid in AED and regular VAT filings under a UAE trade licence. The second route is simple: 183 days in the UAE over a 12-month stretch. Days don’t need to be consecutive. Part days count. If your passport shows enough time in the country and your supporting records back that up, you qualify. This is the most straightforward option but only works if you’re genuinely present long enough. The third option applies to UAE or GCC nationals, residents or UAE passport holders. If you’ve spent 90 days in the country during the past 12 months and have strong links such as a permanent home, employer or owned business in the UAE, you may qualify. You’ll need clear documentation that proves both time and ties. In all cases, it’s about the whole picture. One-off visits, on-paper addresses or irregular presence don’t pass the test. The FTA wants to see where your life actually happens. And if it’s split between countries, they’ll look at which part carries more weight. How to prove tax residency in the UAE To prove tax residency, you’ll need a Tax Residency Certificate from the Federal Tax Authority. For example, a Dubai-based freelancer who bills international clients might need the certificate to avoid 30% withholding tax in their client’s home country. This is what foreign tax authorities recognise when assessing treaty claims or deciding if another country can tax your income. To apply, you’ll need to show at least 183 days of presence in the UAE within the last 12 months, backed by passport entry and exit stamps. You must also provide a copy of your Emirates ID, UAE residence visa, tenancy contract, bank statements showing local activity, and a salary certificate or trade licence, depending on whether you’re employed or self-employed. The application is submitted through the FTA’s online portal. The current fee is AED 1,000 for individuals, plus AED 3,000 for the certificate itself. Without a TRC, your home country may ignore your UAE status entirely. The certificate is often the deciding factor in whether you’re treated as tax resident in the eyes of other governments. Tax residency conflicts and how they’re resolved Claiming tax residency in the UAE doesn’t stop another country from doing the same. If your home country sees enough ongoing ties, it may still treat you as tax resident and try to tax your global income. That’s when conflicts arise. The OECD tie-breaker rules apply when two countries both assert tax residency. They follow a set order. First, where’s your permanent home? If there’s more than one, which country are your personal and economic ties closer to? If that’s still unclear, they look at where you usually live, then your nationality. If none of these settle the matter, the two tax authorities are expected to reach a mutual agreement. This becomes a problem when someone holds a UAE tax certificate, but their family lives abroad, they own property back home, or they’re still active in a business based there. Even if they spend most of the year in the UAE, foreign tax authorities may argue those ties carry more weight than time spent. The result can be a treaty denial or competing tax claims. In practice, the burden of proof tends to fall on the taxpayer. Ties, presence and proof Time on the ground in the UAE helps, but it doesn’t settle the matter. Tax residency depends on where your life is based in practice, not just on paper. Without clear ties and consistent records, a visa won’t carry much weight. This matters most for people with property, business activity or family elsewhere, where conflicting claims can arise. Anyone relying on UAE tax residency should keep clear records of their presence and maintain evidence of local ties. If your bank account is dormant, your lease ends mid-year, or you’re frequently abroad, it could weaken your case. Key indicators the FTA and foreign tax authorities may look at include: Ejari or title deed in your name covering the full 12 months Local salary or revenue credited monthly into a UAE account Active bank account showing regular transactions in AED Consistent physical presence (at least 90 or 183 days, depending on your status) Dependents and schooling based in the UAE Minimal ongoing ties abroad, such as property, directorships or family based elsewhere A proactive review now can help prevent complications with foreign tax authorities later. What matters is consistency, which means time, ties and records that all point in the same direction. When the facts are clear and well documented, residency is much easier to support.