An overview of UAE’s new alternative system to the traditional End-of-Service gratuity Federal Cabinet Resolution No. 96 of 2023 The UAE Cabinet has taken a significant stride forward with the issuance of the Resolution No. 96 of 2023 in October 2023 (Cabinet Resolution), which introduces an optional alternative system to the traditional End-of-Service (EoS) gratuity …
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Learn about the new financial restructuring and bankruptcy law in the UAE, which will enter into force on 1st May 2024
Do you have a corporate governance framework in place at your insurance company? Does it comply with the laws of the United Arab Emirates (UAE)? Check out this comprehensive guide on corporate governance regulation for the insurance sector Introduction The Central Bank of the United Arab Emirates (“Central Bank”) seeks to promote the effective and …
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Planning to establish a foundation in the United Arab Emirates? Here’s what you need to know from a legal perspective What is a Foundation? A Foundation is a corporate entity that shares similarities of functions and mechanisms with both companies and trusts, while not strictly a hybrid of the two (Foundation). It’s similar to companies …
An overview of Executive Regulations of Federal Law No. 15 of 2020 on Consumer Protection Federal Cabinet Resolution No. 66 of 2023 concerning the executive regulations of Federal Law No. 5 of 2020 on consumer protection (the Regulations) was recently issued by the government of the United Arab Emirates (UAE) and came into effect on …
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To support UAE’s economic growth, the Securities and Commodities Authority issued new regulations earlier this year The Securities and Commodities Authority (“SCA”) of the United Arab Emirates (UAE) issued new regulations regarding the promotion of foreign funds in the UAE in January this year, with special focus on the public offering of these funds in the country. …
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Do you have questions about UAE’s corporate tax legislation? Here’s a simplified overview of the main clauses. OVERVIEW AND APPLICATION The Federal Decree-Law No. (47) of 2022 issued on December 9, 2022, for the implementation of Corporate Tax (“CT law”) in the UAE CT law effective from June 1, 2023 Taxable Persons: Companies and other …
Setting up a company in a Financial Free Zone in the UAE? Here’s what you need to know from a legal perspective Financial free zones were set up in the United Arab Emirates (UAE) by the Federal Law No. 8 of 2004, subsequently amended by the Cabinet Resolution No. 48 of 2007 The first law …
Financial Free Zones in the UAE: A Comprehensive Legal Guide for Investors Read More »
If you are associated with a family office or family business in the UAE, here’s what you need to about the new Family Business Law which came into effect in January 2023 UAE Federal Decree Law No.37 of 2022 concerning the Family Businesses (the “Law”) was issued in October 2022 and came into force in …
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