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Booking Facilities

English translation: the ability to register their assets in Dubai

02:36 Jun 7, 2012
English language (monolingual) [PRO]
Bus/Financial - Finance (general)
English term or phrase: Booking Facilities
Demonstrating its commitment to the Middle East market, the bank has chosen to reinforce its presence in Dubai by upgrading its DIFC license from an asset management license to a banking license. This also allows it to offer booking facilities in Dubai.
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What does "booking" here mean?

Thank you very much
Waleed Mohamed
United Arab Emirates
Local time: 14:37
Selected answer:the ability to register their assets in Dubai
Explanation:
The article in the link below explains the tax advantages of booking assets in certain countries.
Selected response from:

Martin Riordan
Brazil
Local time: 07:37
Grading comment
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +4the ability to register their assets in Dubai
Martin Riordan


Discussion entries: 1





  

Answers


34 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +4
booking facilities
the ability to register their assets in Dubai


Explanation:
The article in the link below explains the tax advantages of booking assets in certain countries.

Example sentence(s):
  • Such a move would hurt traditional hubs such as London because assets are treated for tax and regulatory purposes in the country where they are booked.

    Reference: http://mobile.bloomberg.com/news/2011-08-31/london-the-bigge...
Martin Riordan
Brazil
Local time: 07:37
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 32

Peer comments on this answer (and responses from the answerer)
agree  Jack Doughty
3 hrs
  -> Thank you, Jack!
agree  Anita Šumer
7 hrs
  -> Thanks, Anita!
agree  Phong Le
10 hrs
  -> Thanks, Phong Le!
agree  Veronika McLaren
2 days 15 hrs
  -> Thanks, Veronika!
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