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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Seized Luxury Cars Auctioned
The Philippine Bureau of Customs (BOC) has successfully auctioned off luxury vehicles seized from contractors involved in fraudulent flood-control projects. The auctions have generated over ₱102 million for public funds, showcasing the government's commitment to transparency and restitution.
## High-Profile Case
The vehicles were linked to Pacifico "Curlee" Discaya II and his wife Cezarah Rowena "Sarah" Discaya, known for their involvement in ghost projects and kickbacks. The BOC has auctioned nine out of 13 vehicles associated with the Discayas, converting them into significant revenue for national programs.
## Notable Sales
Among the vehicles sold were a 2024 Lincoln Navigator for ₱6.950 million, a 2022 Cadillac Escalade ESV for ₱6.623 million, and a Bentley Bentayga for ₱12.178 million. These sales alone brought in ₱25.751 million, contributing to the overall total.
## Commitment to Accountability
The BOC emphasizes that the funds from these auctions are directed to the Bureau of the Treasury to support government initiatives. This approach not only ensures responsible asset management but also reinforces the consequences of unlawful activities.
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