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News RAK BUSINESS LICENCES UP WITH 78% Ras Al Khaimah Investment Authority (Rakia) has issued a total of 370 licences to different businesses between January to April 30 thus registering a 78 per cent growth over the corresponding period last year. Read more here. RAS AL KHAIMAH TO BECOME REGION'S INDUSTRIAL CENTRE Ras Al Khaimah Investment Authority has announced that it is planning to launch an elaborate concept of themed industry zones. Read more here. NEW TREATY BETWEEN CYPRUS AND CZECH REPUBLIC A new treaty between Cyprus and the Czech Republic was recently agreed to replace the existing 1980 treaty with the then-Czechoslovakia, the existing treaty being recognized by both countries as still in force. The main changes to the existing treaty are the elimination of withholding tax on dividends (where holdings are 10% or more) and interest (previously 10%). Withholding tax on royalty payments will increase from 5% to 10%; however, as from 1 January 2011, royalties paid to Cypriot companies will be exempt from Czech withholding tax where the conditions of the EC Interest and Royalties Directive are satisfied. Read more here. GULF STRONGER THAN EVER More than 45 per cent see the Gulf as emerging stronger from the current global economic crisis. These are the findings of the Doing Business In the Gulf Survey conducted by the Leaders in Dubai Business Forum team among more than 600 business leaders and top executives in the region, ahead of the forthcoming Leaders in Dubai Business Forum. Read more here. PANAMA: BRIGHT FUTURE Panama has a slice of everything and something for everyone, says Richard McColl. He explains why the future looks bright for Panama. Read more here. DUBAI STRONGER THAN BEFORE The economy has turned a corner and Dubai will emerge from this period stronger than before, Dr Omar Bin Sulaiman, governor of the Dubai International Financial Centre (DIFC), said in a meeting on Tuesday. Read more here. CYPRUS TAX REGIME REMAINS THE MOST ATTRACTIVE In a recent KPMG poll, Cyprus was rated as the most attractive tax regime (with the net attractiveness score of 90%), followed by Ireland, Switzerland and Malta. Read more here. DUBAI REAL ESTATE INVESTMENTS Dubai: Gulf investments into Dubai's property sector topped Dh 4.5 billion in 2008, highlighting the emirate's continued popularity as a real estate investment choice, according to a report by Reidin.com, an online property tracker. Read more here. DUBAI BUDGET FOR 2009: GROWTH The 2009 budget sends a strong message to the business community that Dubai and the UAE still have a lot of promising investment opportunities, which if used will raise the living standards of nationals and residents. Read more here. GULF MONETARY UNION The GCC leaders put their final seal on the Gulf Monetary Union on the concluding day of the two-day 29th summit yesterday but the question of the location of the Central Bank remained unresolved. Read more here. RAK OFFSHORE: SUCCESSFUL YEAR Over 1900 international business companies have registered with Ras Al Khaimah's premier offshore facility within 14 months. Read more here. CYPRUS WORLD'S 40TH MOST COMPETITIVE ECONOMY Cyprus has climbed 15 places in an international rankings index to emerge the 40th most competitive economy in the world for 2008 and 15th in the European Union. Read more here. UAE SERVICES MARKET HITS $791 MILLION The UAE’s IT services market expanded beyond analyst expectations in 2007, according to IDC. The market grew 41% from 2006, driven by a transition from infrastructure investment to more strategic, services-intensive IT projects. Read more here. NETHERLANDS BUSINESS COUNCIL IN UAE In August, Freemont Group became a member of The Netherlands Business Council in UAE. Read more about NBC here. DTA NETHERLANDS ANTILLES - UAE Netherlands Antilles and United Arab Emirates start negotiating their DTA. Read more here. NEWS FROM THE CYPRUS CHAMBER Read the April issue of Dutch-Cypriot Chamber of Commerce magazine here. DUBAI: NEW COMPANIES LAW Dubai: The UAE will introduce a new law allowing 100 per cent foreign ownership of companies in some sectors outside free trade zones in six months. More... CYPRUS: THE ISLAND OF PRIVACY AND FREEDOM "Cyprus is a private, individualistic, entrepreneurial, free society." More... UAE-NL TRADE TOUCHES 1.3B EUROS Dutch Consul General Kees van Spronsen says trade between the Netherlands and the UAE amounted to 1.3 billion euros in 2007, which is "a very good mirror of the economic activities between the two countries". More... CYPRUS INTRODUCED EURO As of 1 January 2008, the Central Bank of Cyprus is a full member of the Eurosystem. More... DUBAI: TOP CITY Dubai is ranked in 37th place within the world’s top 50 cities that are the hubs of the new worldwide economy. More... DUBAI NR 3 RE-EXPORT HUB A surge in Chinese exports to Dubai has boosted the emirate's position as the third largest re-export hub in the world after Hong Kong and Singapore. More... DUBAI ECONOMY GROWS WITH 16% This grow is faster than in China, with its 8,5% known as one of the world's fastest growing economies. More... LIMITEDS WITH LOGO Order the English Limiteds Companies from the shelf with a fully designed logo. More...