There are many issues in vogue but one of the most important in Brexit but … Do we know how Brexit will affect the United Arab Emirates? How can the United Kingdom take advantage of this special relationship? It is clear that brexit in the United Arab Emirates will be important.

Today in Legal News we will talk about two very interesting topics:

• How will Brexit affect the United Arab Emirates?
• Post-contractual non-competition agreement: Benefits and how to implement it

Next we will discuss our main theme, Brexit in the United Arab Emirates.

Brexit in the United Arab Emirates

Brexit in the United Arab Emirates? Is Brexit not in the UK? Of course it is, but in practice the United Kingdom and the United Arab Emirates have a privileged relationship. That privileged relationship makes Brexit not only affect that side of the world.

In a similar situation there are several EU countries that import or export a product due to their commercial relationship. In this way we can talk about the effects of Brexit in the United Arab Emirates, or to make it shorter, Brexit in the United Arab Emirates.

Special Relationship

To understand this analysis it is important to know the great link between the United Arab Emirates and the United Kingdom. Some of the most relevant elements that have contributed to this special relationship are:

• Previous to having a great business relationship United Arab Emirates was a British colony. From 1853 until 1971 the Emirates were considered a British Protectorate known as Truce States. The United Kingdom was responsible for the military protection of the territory and maintained a monopoly on international trade and natural resources.
• Additionally, one of the makers of Emirates and the Dubaiti transport emporium is Maurice Flanagan, a British businessman. The Government of Dubai sought Maurice Flanagan to create its air transport company. Due to its privileged location it would become a regional transport hub. Maurice Flanagan was the founding CEO of Emirates and Executive Vice President of the Emirates Group. Emirates is currently among the 10 best airlines in the world. Currently more than 50% of Dubai GDP comes from the transportation industry.

• Currently the legislation governing the DIFC (Dubai International Financial Center) is a copy of the commercial legislation of the United Kingdom. Even the judges are brought from the United Kingdom. There the legislation is published first in English. This is an area focused on attracting foreign investments. They do this through a liberal legislation that allows 100% repatriation of capital and 0% tax for 40 years.

This relationship explains why it is one of the favorite places to invest in the United Kingdom. It is also one of the favorite places to go to retirement of British retirees.

Brexit effect in the United Arab Emirates for British citizens.

Of course, the fall of the pound sterling is one of the transversal elements to the Brexit effect in the United Arab Emirates. The relationship between the pound and the dinar will make one or the other stronger or more competitive. It remains to be seen which elements of competitiveness can be incorporated into the British economy. Thanks to the freedom of decisions, measures can be taken to boost the British economy to measure. But in the meantime here we will see some of the possible scenarios:

2020 good time to buy pounds sterling

Soon the pound will again have a steep decline against Dirham. Trends have made the pound sterling oscillate but its tendency is to decline. There is still a place to buy and sell higher or wait for the decline to make investments in pounds sterling.

British workers in the United Arab Emirates have greater purchasing power. They can make important purchases in the United Kingdom.

Travel to the UK cheaper

It is logical that the weakness of the pound sterling leads to cheaper trips. It is logical that with the privileged relationship of the United Kingdom and the United Arab Emirates, it is one of the pillars to boost the British economy.

Investments in the United Kingdom

Although in the first of change the fall of the pound sterling does prevent losses, the truth is that in the long term is healthier. Competitiveness will grow and companies will begin to have a better position for international markets. If you can think of long-term investments, think of the United Kingdom if you win in Dirhams.

Do you want to buy a home in the United Kingdom?

Take advantage of the strength of Dirham will allow you to get lower prices. The ideal time is after mid-2020 when it begins to fall unless the fall is carried out with the entry into force of Brexit. The effect of Brexit in the United Arab Emirates will be very important. You have to monitor the real estate market.

Pensions in United Kingdom

You may want to consider investments in the DIFC to multiply your income in British Pounds. Take advantage of making rapid changes or investing directly within the United Kingdom in the medium and long term.

What can Brexit learn in the United Arab Emirates?

Definitely the free trade zone of Dubai called DIFC is a lesson that the United Kingdom must study. It is possible that this is one of the lessons that could help boost the competitiveness of the pound sterling. It is time for us to project lessons learned from Brexit in the United Arab Emirates and the roads they have charted in economic growth.

Post-contractual non-competition agreement

When a worker handles privileged information of the company, the signing of a non-competition agreement post-contractual. These agreements stipulate a period of time where the worker cannot contract with competing companies. Such agreements guarantee compensation during the pact period.

Case study of a post-contractual non-competition agreement

Recently the worker of a publishing company having gone to work in the competition kept collecting the compensation of the pact.

Compensation of the post-contractual non-competition pact represented 50% of the salary. The non-competition agreement would last one year from the end of the contract.

The terms of the aforementioned agreement established that the breach would lead to the following compensation:

• Return of the pact money (monthly amount equivalent to 50% of the wages received)
• Payment of 100% of the salaries of the last year of the contract.
• Payment for damages.

The sentence

Given the circumstances, the Supreme Court considered several elements for its sentence:

• The former worker having gone to work to the competition charged the compensation of the pact.
• The company fully complied with the payments of the post-contractual non-competition agreement.
• There was an increase in the cancellation of subscriptions. Which the company could not prove reliably was the product of the resignation of the editor.
• Clause of the pact was considered abusive. The worker’s compensation was 50% for the duration of the pact of one year but its breach implied the return of 100% of the salaries of the last year.

The former worker in anticipation of the trial made the return of compensation before the start of the trial. However, he had already received said money and only did so under the anticipation of the respective trial.

This led the Spanish Supreme Court to condemn the former worker to pay:

• The indemnities of the pact which had already been returned.
• 50% of the salaries received during the last year before the cancellation of the contract and not 100% as indicated in the non contractual competition agreement.

We see the sentence as a balanced and mediating sentence. From this precedent we can extract the following lessons:

• Compensation for non-compliance must be in proportion to the compensation of the pact itself for non-compliance with the worker.
• To establish clauses of damages must have mechanisms to be able to measure or prove it

Post-contractual non-competition agreement are fundamental. These will prevent critical business information from going to competitors. If you need support for writing such agreements we can advise you.

Summary:

As we can see, we must be attentive and prepared for Brexit in the United Arab Emirates. The United Kingdom can take advantage of its special relationship with the United Arab Emirates to use its economy as a pivot and to learn. It is a stellar moment and an opportunity for the United Kingdom and its competitiveness.

If you would like advice for the elaboration of a non-competition agreement, contact Gustavo Mirabal Castro

Sources:

https://www.telegraph.co.uk/business/dubai-trade-opportunities/what-post-brexit-britain-could-learn/

If you want to know more about Gustavo Mirabal or Legal Word, go to:

https://gustavomirabal.ch/
https://gustavomirabalcastro2.wordpress.com/acerca-de/
https://www.pinterest.es/pin/642114859350359734/
https://www.pinterest.com/gustavomirabalcastro/
https://www.facebook.com/492119137931001/posts/545764639233117/
https://www.wattpad.com/story/129398546-g-c-farm-gustavo-mirabal-castro-en-venezuela

The Universal Declaration of Human Rights represented the culmination of a process to establish the foundations of international law. Due to the events of the Second World War, in its last days a conference is established to establish rules of the game between nations. Its purpose is world peace and stability through the guarantee of human dignity. Learn more about this exciting topic, history and evolution.

However, the countries belonging to the Organization of Islamic Cooperation (ICO) have had numerous objections to this declaration. The vision of Islamic countries is that the universal declaration of human rights corresponds to a “secular interpretation of Judeo-Christian tradition.” Likewise, in their opinion, the UDHR does not consider cultural and religious elements of non-Western states.

This is how in 1990, after many deliberations, 45 ICO ministers signed on behalf of their countries the Declaration of Human Rights in Islam. This document is also often referred to as the “Cairo Declaration”.

Later we will deepen the role of the “Cairo Declaration” and its function. But let’s start by knowing a little more about the “Universal Declaration of Human Rights”

Birth of “Universal Declaration of Human Rights”

Known as the San Francisco Conference between April 25 and June 26, 1945, 50 allied nationals gathered. Finally, the purpose of these nations was to establish an organism that avoided new world wars.

Upon completion of the conference, the creation of the Charter of the United Nations is achieved. This is how the signing of the United Nations letter on July 26, 45 laid the foundation for the Universal Declaration of Human Rights. Finally and thanks to the United Nations mechanism, the Universal Declaration of Human Rights is signed on June 26, 1945

In the vote, only eight states, of the 58 member states, abstained. The states that abstained from voting were:

• Saudi Arabia
• Belarus
• Czechoslovakia
• Poland
• South Africa
• Ukraine
• Soviet Union
• Yugoslavia

In this way, the rights considered inalienable for human beings were reflected in a document of 30 articles. We will briefly discuss the preamble of the Universal Declaration of Human Rights.

The preamble of the Universal Declaration of Human Rights

The reasons for establishing Human Rights should be clear. Legality establishes this type of prerogatives in order to avoid misinterpretation of the law. That is why the preamble speaks of the Why human rights? It is clear to us that the search for peace in the world and its stability is only possible with the search for the defense of human dignity.

This is how the preamble lays its foundations on the following precepts:

1. The human family has equal and inalienable rights. That is why the recognition of these rights and their dignity is the basis for the freedom, justice and peace of the world.
2. World wars and acts of barbarism of humanity throughout history have only been possible through ignorance and disregard of these rights. That is why it is considered essential to leave them established.
3. The preamble states that the aspiration of humanity is a world free of misery and fear in which everyone enjoys freedom of speech and belief.
4. The defense of human rights is a mechanism that protects the dignity of the human being. But the defense of human rights is also a way to avoid rebellions. The intention is to promote stability by avoiding the need for men to rebel against tyranny and oppressors.
5. This common vision of the rights of human beings is the foundation for harmonious relations between nations.

Definitely the preamble of the Declaration of Human Rights has much to give. Next we will touch on other aspects of the preamble of the Universal Declaration of Human Rights.

Other elements of the preamble of the Universal Declaration of Human Rights

The signing of the Universal Declaration of Human Rights represented an advance for humanity. With it, the countries pledged to preserve certain common values, without specifying how. This puts us in a common goal for humanity. Here are some valuable elements of this Declaration:

• Countries committed to respect such rights as the basis for the relationship between countries.
• All signatory nations pledged to establish mechanisms for the “effective exercise” of these rights. This means that these rights are not a dead letter. Countries are required to present mechanisms to guarantee such rights.
• It is reinforced at every point that this vision of Human Rights is a common vision. In this way there is no way to “shake” the commitment of his defense. The full fulfillment of their commitment is key to peace.

In one way or another in the preamble is the key to the commitment to the protection of human rights. Having a common vision of it is the source of agreement so that any deviation can be noticed and corrected. Beyond the possibility of excessive deviation is limited by the vision of the rest. A straitjacket to make its implantation really effective.

We must be content that the nations reached this point. This way massive injustices are avoided just as we can avoid a new world war. The human being is not above others to subject him to treatment that does not correspond to human rights.

Impact of human rights in today’s world

This common vision has put obstacles to tyrannical and pseudo-democratic regimes. If we are going to see many countries have problems in one other aspect of human rights. However, the common perspective of human rights puts great obstacles to non-democratic forms of government.

Human rights have changed the landscape of the world. Although they have been manipulated at times, you cannot fail to recognize the progress they mean. An agreement on the rights of human beings on a global level tells us about a sense of universal and global humanity.

This common vision is the key to the advancement of humanity in a joint direction. Human rights will lay the foundation for a peaceful future where all nations can contribute to the realization of civilization.

Some of the elements that will allow progress and realization of human rights are:

• It is guaranteed that men are born free and equal. We are all part of the “human family.” It stops dehumanizing the other who is not and / or does not think like me.
• The possibility of acts of barbarity based on the disregard of human rights is cut off.
• Guarantee of education as a means of liberation and equality among men.
• Human rights are a way of giving stability to governments. Their contempt is the key to economic and political instability.

What is the status of the Universal Declaration of Human Rights in countries of Islam?

As we have said, the criticisms by the governments of the Organization of Islamic Cooperation have to do with their cultural and religious context. However, the incorporation of many of these nations into the modern world in conjunction with the Universal Declaration of Human Rights has led to a reinterpretation of their traditions.

Many countries have abandoned practices such as corporal punishment, stoning among others. This has been the product of an internalization of a new reality. The less punitive interpretation of Sharia has led to a modification of the legality in Islamic countries.

Also the Cairo Declaration or Declaration of Human Rights in Islam have served to make visible the deviant interpretations of Sharia in some countries. In this way the Declaration of Human Rights in Islam serves as a guide for the application of the Universal Declaration of Human Rights.

Gradually in each country and culture, human rights take relevance to go to the recognition of human dignity. And the recognition of human dignity framed in the Universal Declaration of Human Rights is a guarantee of stability and peace.

Gustavo Mirabal believes that it is important to know the reality and progress of Human Rights in the United Arab Emirates. There he has established his new office in Dubai and wishes you to know his progress. The Arab emirate Dubai has made progress in economic, financial and legal matters.

In future issues we will deepen each of the articles that make up the Universal Declaration of Human Rights. We hope this is one of the issues that gain importance little by little. All nations are obliged to promote human rights through education. We put our grain of sand. Until the next issue.

Sources

https://www.un.org/en/universal-declaration-human-rights/

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“Gustavo Mirabal Castro in Dubai” Series – Issue # 1: Planet Earth is full of wonderful places. In many cases, men artificially created these dream spaces. This is just what happens with Dubai thus making it a tourist destination par excellence. From this transformative perspective we will address all aspects related to this magical place.

Dubai is part of the seven Emirates that make up the United Arab Emirates. This wonderful city is located on the coast of the Persian Gulf, in the Arabian desert.

The city is a sign that when an organized society wants to succeed it can do so. Well, today Dubai is a city that in terms of tourism is highly valued by tourists and businessmen.

Due to the above and more, the Venezuelan Gustavo Mirabal Castro has made the right decision to set up a branch of his prestigious law firm on that site.

Actions limited by city legislation

In Dubai, legislation in accordance with Islamic law is practiced. Islamic law is also known as Sharia. Its application is extremely strict and is one of the points we should consider so as not to offend its culture.

Its legislation admits the death penalty and therefore transgressions of the law can be punished even with life. Other milder transgressions such as signs of affection in public are grounds for deportation. From the cultural point of view there are countries that criticize this legislation. It is important to consider that this is your law and whoever wishes to visit Dubai must adapt to it.

In the case of prostitution it is classified as a transgression, in this sense it is punished with the full weight of the law. This behavior is generally less accepted in other countries.

The inhabitants of Dubai are prohibited from drinking alcoholic beverages. In the case of foreigners, they must request a permit to consume this type of beverage.

As for the way of dressing, they also maintain their strict rules as there are specific standards to meet in the city as such.

As we can see in this Emirate, taking into account the law is very important. In addition, they watch over Dubai for faithful compliance with the law.

Economic aspects of the city of Dubai

As regards the economy, The geographical location of Dubai gives it certain advantages over the rest of the Emirates. Additionally, Dubai established a very attractive fiscal policy for foreign investment.

On the other hand, the economic stability that Dubai is enviable and also has a large number of large-scale infrastructure projects. Hence they have positioned themselves as an international business Emirate.

In relation to its Gross Domestic Product, it has maintained an annual development of approximately 3% since 2010.

For the year 2017, its nominal gross domestic product was 111.79 billion dollars. This volume of revenue accounts for about one third of that of the entire country. However, the revenue from Dubai derived from the oil industry has reduced its share of total revenues since 2000.

This more than a problem is something remarkable. Duba more than decrease oil revenues, has managed to raise its income in other sectors such as tourism and air transport.

On the other hand, the construction segment and the real estate sector have a huge financial impact on the famous Arab Emirate. They also collect most of the state investments. Another segment of great relevance in the economic aspect of Dubai is aviation. Well, this contributes approximately 30% to the Gross Domestic Product of that Emirate.

Advantages that make Dubai the operations center of Gustavo Mirabal

One of the main attractions for foreign investors in this place are free trade places. Thus places like Dubai Media City, Knowledge Village and Maritime City attract more investments every day. In addition to this, it has the fiscal management of the Emirate in the direction of international trade. This has helped make today a site with great economic firmness.

Finally, and to complement the attractions for foreign investment, a 0% tax regime was established for the private business sector. In addition, Dubai allows 100% repatriation of capital.

The fiscal, geographical and capital repatriation advantages make Dubai an international economic center. It is ready for Gustavo Mirabal to manage your family assets with the best advantages.

Dubai tourist explosion

Dubai is one of the dream destinations for most. It has a great boom and the development that has been experiencing for a few years ago puts it among one of the most desired luxury destinations. In relation to the role that tourism has played in the region’s economy it has been remarkable. Hence, every day is consolidated as a very attractive tourist destination. This due to the political, economic and sociocultural context that prevails on the site.

Successful driving of the site has brought as a positive effect the investment in various construction sites such as the Burj Al Arab hotel in 1999.

The statistics are very positive because they show the growth trend of tourism in Dubai. A historic milestone was fulfilled in 2012, since the place exceeded ten million foreign visitors. While for 2018 the figure above 15.9 million tourists was far exceeded.

In 20 years, Dubai went from being a tourist unknown to being one of the most important sites of luxury tourism

Therefore, there is an expectation that for the 2020 Expo this figure will break record in the history of that city. The tourists mostly come from countries such as India, Saudi Arabia, United Kingdom, China and Oman.

Of the most relevant activities of this Emirate is commerce. That is why it is listed as “The shopping capital of the Middle East”

The connection of Dubai with the United Kingdom and its tourism

The emirate has historical roots that bring it closer to the United Kingdom as the Emirate was an English colony for many years. This is how thanks to this connection the special laws and their liberal economies are so similar.

Based on the above, you can see the so-called free zones in the city. In addition to the current fiscal policies that provide the advantage of buying luxurious products at possible prices.

One of the attractions par excellence in the area are the different outdoor fairs. As well as the Dubai Mall, which is famous for being the largest shopping center in the world.

Transportation in the center of the economy of Dubai

One of the points that has been very important for Dubai and its economy is its geographical location. This is how its location nestled in the Middle East and as a bridge between Europe and Asia have made it privileged. Its airline “Emirates” is in the top ten of the airlines worldwide.

That is why the city of Dubai could not be less and that is why they decided to place one of the world’s surface transport systems, the Palm Jumeirah Metro in Dubai.

Palm Jumeirah Metro

This splendid and modern transport system began in 2009. It is said that the Dubai metro is avant-garde since it is one of the most modern public transport systems in the region.

This meter consists of several phases that are mentioned below:

• First line: it is the red one with an extension of 52 km and that formed the first stage of the automated network.
• Second line: it is the green one which was opened in 2010 with a branch of 20 km.
• The other lines are in the construction stage and are called purple and blue.
• It is predicted that when the project is complete, it will be the largest metro network in the Arabian peninsula.
• The Gateway Station, Ittihad Park Station, Atlantis Aquaventure Station stations are currently open.

The monorail of Palma Jumeirah in Dubai is a transport that connects the homonymous island with the mainland. This was opened to the public in April 2009, so it has been running for more than two decades. This was a milestone in the Emirates region. It currently transports more than 3000 passengers a day and is a great tourist attraction.

As we have seen Dubai is one of those places to visit and learn about other cultures. Also a place to know what is capable of doing proper economic management. That is why Gustavo Mirabal has decided to bet on establishing an international operations headquarters in Dubai. Get to know it.

Sources:

https://en.wikipedia.org/wiki/Dubai

If you want to know more about Gustavo Mirabal or Legal Word, go to:

https://gustavomirabal.ch

Legalidad de las apuestas en los Estados Unidos

Como sabemos en muchos países lo relacionado a las apuestas está totalmente prohibido. Mientras que en uno de los países potencia del mundo como lo es Estados Unidos cuentan con el aval jurídico correspondiente. De allí la gran importancia de abordar la Legalidad de las apuesta en los Estados Unidos.

Cabe resaltar que el tema de las apuestas es sumamente delicado si la persona que participa en estos juegos de azar no se controla. En consecuencia, puede resultar adicto y desbordase en su economía viéndose afectado gravemente. De allí que si alguien desea experimentar una diversión de este tipo debe mantener autocontrol de sí mismo para mantener el equilibrio.

Trayectoria de las apuestas en los Estados Unidos

• En el transcurso del año 1951 la ciudad de Las Vegas se quedó con la concesión exclusiva de las apuestas en los Estados Unidos de Norteamérica. Esta metrópoli dio sus primeros pasos en este ámbito luego de la Segunda Guerra Mundial. Tomo como ventaja su ubicación geográfica que lo favorecía. cabe resaltar que estas actividades eran ilegales en ese momento. Por ende podían ser sancionados por las leyes de dicho país.
• Posteriormente para la década de los 70 se dio apertura al casino Unión Plaza dirigido por Bob Martin. Siendo este uno de los máximos referentes de la industria de los juegos de azar. Por otro lado este tenía un rol de suma importancia pues era quien determinaba el monto de las apuestas.
• Luego se unió el fabuloso Stardust, que fue todo un hito en la historia de los juegos de azar y de las apuestas en ala denominados ciudad del pecado. Allí estuvo presente el hotel y casino más grandioso de Las Vegas.

Nueva Jersey como impulsor de una legislación en materia de apuestas

Uno de los estados que encontraba urgido por unas leyes que regularan el tema de las apuestas fue Nueva Jersey. Esta decisión va en función de que allí para ese momento existían unos cuantos casinos, pero nada comparado con la magnitud de Las Vegas.

A partir del año 2012 esta lucha la emprendió  el demócrata Phil Murphy  por lo que paso por todos los niveles del sistema judicial del país. A tal punto que la elevaron al máximo en ente en materia de justicia para una decisión

Nueva Jersey como tal se ha caracterizado por ser activo en el ámbitos de los juegos de azar. Además ve como algo positivo la idea de legalizarlo pues los impuestos contribuyen a los fondos de ahorros del gobierno

Una referencia que tiene New Jersey en materia de juegos de azar y de apuestas en los Estados Unidos es que fue el prime en darle un marco legal al juego de poker en línea.

Año 2018 un hito en la legislación de los Estados Unidos

El año 2018 sin duda alguna dio un salto en sus leyes puesto que le dio legalidad a los juegos de azar y a las apuestas en el país. En cierta manera el gobierno ve como positivo este segmento dedicado a la distracción de millones de usuarios pues los dividendos que genera hacen que estos cancelen al estado grandes sumas de impuestos.

En cuanto la corte suprema de Justicia de los Estados Unidos aprobó la legalidad de las apuestas en los Estados Unidos. Por ende, la mayoría de los estados se activaron a crear leyes y normativas jurídicas dirigidas a este sector.

La opinión de los expertos de la compañía Telsey Advisory Group, afirman que las apuestas ilegales movilizan en el país grandes sumas de dinero. Por lo que se estima un aproximado de 400.000 millones de dólares.

Como tal siempre seguirá existiendo  un mercado negro. No obstante,  los distintos estados tienen la expectativa que gran parte de ese monto aparezca con el mercado reglamentado.

La gran gloria de Nueva Jersey y otros estados que razonaban que la anuencia de  las apuestas deportivas era una manera de promover el turismo y los impuestos. Este éxito lo logro el año pasado después de una lucha de muchos años.  Además,  no solo se benefició este territorio sino es resto de los estados que conforman el país.

Murphy expresa lo siguiente en relación a la decisión de la Corte Suprema de Justicia:

“Estoy encantado de ver que la Corte Suprema finalmente se alía con Nueva Jersey y anula la prohibición arbitraria de las apuestas deportivas impuesta por el Congreso hace décadas”

Legalidad de las apuestas en otros países

Hasta hace poco la Corte Suprema de Justicia de Estados Unidos dio luz verde a la legalización de las apuestas. Anteriormente  las apuestas podían eran ilegales y aun siendo ilegales existían zonas dentro del territorio que si estaban autorizadas.

Por otro lado en otros países tales como Singapur, Suecia y Canadá, la casa de apuestas legal es sólo posesión del estado. Por lo que esta rige lo relacionado al aval jurídico que estas tienen. Es curioso ver como estos países cuentan con sitios dedicados a los juegos del azar y las apuestas auspiciados por el mismo gobierno.

estas acciones probablemente las asumen de esta manera para asegurar la captación de los impuestos que van dirigidos a las arcas de dichos países.

En síntesis:

La decisión del sistema judicial en materia de apuestas y juegos de azar es la recompensa del esfuerzo y la determinación de Murphy por lograr su objetivo. Además de que son muchos los estados que se beneficiarán con tal decisión. En este sentido las apuestas son legales en todo el territorio o al menos en gran parte de este.

Sin embargo, para nadie es un secreto que todo lo relacionado con juegos de azar y apuestas se puede derivar en casos de adicción donde las personas afectadas suelen perder no solo los bienes materiales, sino su trabajo, familia, amigos… Por lo que si en algún momento deciden probar este tipo de diversiones deben tener claro las posibles consecuencias.

Fuentes Consultadas:

https://www.elindependiente.com/politica/2018/05/19/apuestas-legales-eeuu/

https://cnnespanol.cnn.com/2018/05/15/las-apuestas-deportivas-podran-ser-legales-en-estados-unidos-segun-la-corte-suprema/

https://es.wikipedia.org/wiki/Corredor_de_apuestas

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gustavomirabalcastro.online

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Issue #1: Gustavo Mirabal in Dubai – United Arab Emirates

It is an ordinary day at the DIFC (Dubai International Financial Center). Hundreds of European, Asian and Russian companies converge in a privileged place for architecture, economy and laws. Well, at Dubai International Financial Center, the laws that underpin economic relations are different. For this reason and for all the things we will tell you, Gustavo Mirabal invests in the future in Dubai, United Arab Emirates.

As a state within another state, the Dubai International Financial Center has its own laws. Laws that, by the way, result in the copy of the legislation of one of the pioneer countries in economic freedom, United Kingdom. Dubai, United Arab Emirates to achieve the objective set of being a regional-international financial center decided to “build from the grassroots.” This meant applying to its free zone legislation completely independent of the rest of the Arab Emirates. We will talk about this in more detail later.

That is why Gustavo Mirabal being an expert lawyer in finance and taxes decided to make the bet of his life. He understood that the “international finance building” that was “built” in Dubai had solid foundations and took the initiative. It’s been almost a month since Gustavo Mirabal opened his office in Dubai, United Arab Emirates and today we want to tell you his reasons.

The economy of Dubai, United Arab Emirates.

Dubai became famous for its large revenues via oil. But at present these are not the most important income. Dubai has become a regional hub for transport, logistics and finance. The implementation of laws copied from the United Kingdom provides the necessary legal certainty for the attraction of foreign investments. That is why Emirates Group emerged in Dubai to provide services of travel agencies, airlines, cargo handling and transportation, among others. Emirates Group was directed by Sir Maurice Flanagan.

With the leadership of this British businessman and the resources of the government of Dubai they turned Dubai into a regional connection point. Likewise, its expansion has led it to be a connection between the European and Asian continents. Emirates Group is an example of what good legislation and respect for investments can do for national development.

And the most important thing is that several of the offices of the companies that make up the Emirates Group are in the DIFC. Emirates as the flagship airline of the Emirates Group is in all the Top 10 of the best airlines of 2019. It is an example of how to transform a service-based economy.

Below we can see a video about the Emirates training center to give the best service.

Currently the oil industry represents 1% of Dubai GDP. On the other hand, aviation represents 30% of GDP. With this we can confirm the importance of the transformation of Dubai. Dubai is one of the growing regional leaders. Its economy is growing at a ratio of 2 to 3% of GDP. As we can see Gustavo Mirabal is clear that he has his future in Dubai.

More about the Dubai International Financial Center or DIFC.

Gustavo Mirabal Castro chose the Dubai International Financial Center to open his office because of its privileged legal framework. Its legal framework is of the first order worldwide for having copied “market leaders”. But also its legal framework is exclusive to this area of the Emirate. As we explained earlier, this gives him and his clients great advantages. Legal security and low taxes, a successful combination.

The Dubai International Financial Center is basically a financial district with its own legal system. The legal system of the DIFC is the same one used in the United Kingdom and the laws of the Arab Emirates do not apply. Even in cases whose own legislation copied from the United Kingdom contains certain legal loopholes, the direct use of UK legislation is authorized. All legislation is made public in English and is also compatible with the guidelines of the European Union.

This is a point that will be affected by Brexit and will have to be addressed in due course. In a previous article Gustavo Mirabal told us about some considerations to prepare for Brexit. Later we are likely to address the influence of Brexit in the legation of Dubai.

All these circumstances provide the investor with the legal certainty necessary to secure their investments. But if this were not enough, the DIFC sets a tax rate of 0%. Basically we are facing the “Duty free” of the international financial zones. All these measures were established to make Dubai become a financial center of reference. In this way Dubai every day depends less on oil, despite having immense oil reserves.

The opening of Gustavo Mirabal’s office in Dubai

On September 5, 2019, Gustavo Mirabal’s office in Dubai was inaugurated in an intimate event. The event integrated the team of new professionals and clients to get to know each other and enter into trust. A modern and sober office at the same time very consistent with the style of Dubai.

The Dubai office represents a commitment to the internationalization of Gustavo Mirabal. The office becomes a new company that will articulate strategic alliances around the world. This is how Mirabal And Associates emerges as a globalized integrating face for its international clients. Among these strategic alliances, it will coordinate with Mirabal & Asociados and with Lisal Enterprises Limited. This will allow to give the best advice at the local level with a global look.

Functions of the Gustavo Mirabal Castro Office in Dubai, United Arab Emirates

The modest 500 square meter office will allow you to focus on certain branches of law such as:

• Family Office for managing large family assets
• Capital management of people and companies
• Tax advice
• Investment Property
• Comprehensive capital management

Mirabal And Associates is an MFO (Multi-Family Office) established in one of the places with the greatest tax advantages, Dubai. The economic push of Dubai not only makes it an ideal place to be advised, but it is also ideal for establishing your investments. Basically it is the version of the Glocal in the legal field. For those who do not know the term, Glocal commonly refers to “think globally and act locally.” In this way you can establish which will be the best locations to establish companies, residence and capital management. Likewise it is clear the local context for relevant advice.

Why Dubai specifically?

One of the points that also made the location of the office in Dubai relevant is the ease of visa. The tax advantages of Dubai add to the ease of obtaining travel authorization papers. This allows privileged access to European, Asian and Russian financial and capital markets. In short, the points that made Gustavo Mirabal intuit the future in Dubai were:

• Being an air connection point between the Middle East, Europe and Asia makes it a relevant accessibility site.
• Likewise, legal certainty that represents a legal framework identical to that of the United Kingdom is key to investments.
• A group of lawyers with the best training, brought from the most advanced countries in economic management to fill positions in Dubai.
• An own arbitration center where disputes are resolved in accordance with international law
• Absolute tax advantages. Any company that sees its future in Dubai has 40 years insured with zero taxes
• Possibility of repatriating or displacing 100% of the capital generated in Dubai.

As we can see, Dubai was not an option, it was “the only option.” Its privileged location, legislation and tax advantages make Dubai a place to invest. Likewise, all this makes Mirabal And Associates your best alternative as an advisor because they have their eyes on the future.

Sources:

https://en.wikipedia.org/wiki/Dubai_International_Financial_Centre

https://en.wikipedia.org/wiki/Dubai

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