UAE amends VAT Decree Law• The United Arab Emirates (UAE) Ministry of Finance (MOF) announced the issuance of Federal Decree Law No. 18 of 2022 amending Federal Decree Law No. 8 of 2017 relating to Value Added Tax (VAT).• The amendments allow an extension to the general statute of limitation of five years and specify […]
Employees of private sector companies and federal government departments can subscribe to the scheme from as low as Dh5 per month;Purchasing an insurance scheme against job loss will be a mandatory requirement once the programme goes into effect from January 1, 2023, the Ministry of Human Resources and Emiratisation (MoHRE) has announced.Employees of private sector […]
Dubai, a prominent trade, finance, and economic hub in the Middle East, offers tremendous potential for establishing a financial services company. With its robust financial infrastructure driving regional economic growth, Dubai emerges as a highly advantageous destination for investors seeking to capitalize on the finance sector and foster business growth. The city’s technological advancements in […]
Move is aimed at speeding up the claims process, improving the public’s access to legal assistance and reducing the need for court appearances. Residents in Abu Dhabi are now able to file lawsuits through a mobile application in order to speed up the claims process, improve the public’s access to legal assistance and reduce the […]
Spy case Brit arrives home after UAE pardonMatthew Hedges returns to the UK after being one of 700 prisoners pardoned by the UAE President. British academic Matthew Hedges returned to London on Tuesday, his family said, a day after the UAE pardoned his life sentence for spying in a case he described as “very surreal”.He […]
H.H the Ruler of Sharjah has issued Law No. 2 of 2022 amending Law No. 5 of 2010 on Real Estate Registration in the Emirate of Sharjah on 31 October 2022. The new Decree amends Articles 4 and 7 of Law No. 5 of 2010 which relates to the Right of Ownership of property in […]
Deputy Ruler of Dubai says new court will help the emirate keep pace with future economic aspirations.The Dubai International Financial Centre Courts (DIFC Courts) on Tuesday announced the launch of a specialised court for the digital economy.It aims to simplify the settlement process of complex civil and commercial disputes related to the digital economy, a […]
The Double Taxation Avoidance Agreement provides unique advantages to residents of a country who reside and earn income overseas for a designated duration. With over 137 countries worldwide, the UAE has entered into Double Taxation Agreements, promoting international economic collaboration and facilitating equitable tax practices. Key Highlights of the Double Taxation Avoidance Agreement Being part […]
In a first win of its kind for a UAE court, a UK judge earlier this year ruled that the divorce of an English couple residing in Abu Dhabi, who had separately filed for divorce in two courts (Abu Dhabi Civil Family Court and the English High Courts), can be carried out in Abu Dhabi. […]
The law also provided for other mechanisms to regulate family governance and the family’s relationship in relation to the company through the creation of various bodies such as the family assembly, the family council, and the family office, each of which is responsible for specific tasks.Law does not set maximum limit on number of partners […]