China Desk at Fidinam DMCC

According to Gulf News report on 24 March 2019, bilateral trade between China and the UAE has hit USD 53 billion last year. There had been a 245% increase in Chinese tourists in the 3rd quarter of 2018, a testimony to the visa liberalisation policy which was implemented in January.

With soaring demand on trade and tourism, Fidinam DMCC has launched a China Desk to address both inbound and outbound business need. The China Desk will be headed by Mr Loi Xiao, a Fidinam veteran, who has served the Lugano, Zurich, Geneva, Vaduz, Hong Kong and Ho Chi Minh City office in his 30+ years of services.

The China Desk in Dubai will primarily assist corporate and private clients on two fronts:

Corporate

  • Facilitating companies in Hong Kong and Mainland China to set up LLC and free zone companies in Dubai and beyond
  • Maintaining such companies in good-standing with a focus on VAT compliance, a new tax regime implemented in 2018
  • Advising the companies on profit repatriation to Greater China and the tax implication thereof
  • Assisting companies to understand local licencing requirements, including but not limited to F&B, real estate agency, etc.

Private

  • Assisting clients on obtaining investor and employee visa status in the UAE, incl. a signature VIP service (with Audi Q7) for medical check and visa typing
  • Facilitating the purchase of apartments and staff quarters through a Jebel Ali Free Zone (JAFZA) vehicle
  • Introduction to premier financial institutions for asset management and booking in the UAE
  • Registration of will in the DIFC Wills & Probate Registry for assets in Dubai and Ras al Khaimah

Complemented by Tagalog, Hindi, Kyrgyz, Russian, and 4 more mainstream European languages, the addition of the China desk can now bolster Fidinam’s ability to serve the emerging markets from Dubai.

 

For more information, please contact Loi.Xiao@fidinam.ae or Matteo.Pozzetti@fidinam.ae

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