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 […]
On January 31st, 2022, the President of the United Arab Emirates (the “UAE”), H.H. Sheikh Khalifa bin Zayed Al Nahyan, ratified the Common Customs Law for the Gulf Cooperation Council and Rules of Implementation by enacting the Federal Decree No. 15 of 2022 (the “New Law”), which led to the abolishment of the Federal Decree […]
Setting up a company in the UAE Free Zones is a top choice for foreign investors, and for good reason: – Complete foreign ownership – Tax-free benefits – Streamlined business setup – No customs duty on imports & exports – World-class infrastructure – Easy access to global markets And the list goes on… Our team […]
HOW DO I KNOW IF I AM ENGAGED OR ENGAGING WITH A SANCTIONED CLIENT? Financial sanctions can apply to anyone and any business. First and foremost, businesses should consult the relevant UAE sanctions lists as outlined above. Having confirmed the client is not on any of these lists, you should then check the international sanctions […]
As political tensions swell in what is an increasingly unstable global environment, the risks to businesses in the UAE have risen significantly. It is important that firms are aware of the risks posed by this international instability and remain compliant with rapidly evolving regulatory regimes to avoid serious financial and legal implications to their operations, […]
In Cooperation with Dubai Police, The Government of Dubai LegalAffairs Department Holds Training Workshop on the Working Mechanism for Dealing with Bounced Cheques in Government Claims 04 September 2022The Government of Dubai Legal Affairs Department, in liaison with the General Department of Human Rights, held a training workshop for a number of cadets of Dubai […]