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A Quick Guide to the UAE’s New Insurance Brokerage Laws

Discover the key implications of regulatory changes in the UAE’s insurance brokerage industry in 2024 The Central Bank of the United Arab Emirates (UAE) (Central Bank) has recently implemented the new insurance brokerage regulations vide Circular No. 1/2024 on 25/07/2024 (New Regulation) which will be effective from 15/02/2025 (Effective Date). The New Regulation repeals …

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The UAE’s New Telemarketing Regulations: Here’s What You Need to Know

Leave a Comment / Consumer Laws / By ohllpadmin

Companies operating in the UAE, whether based in the mainland or free zones, are facing a new regulatory landscape for telemarketing. To ensure compliance, businesses must implement robust processes that align with the latest requirements outlined below. The United Arab Emirates (UAE) has recently approved two (2) resolutions related to marketing via telephone calls …

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Family Business Law in the UAE

Family Business Law / By ohllpadmin

The UAE has a comprehensive legal framework regulating family businesses, making it an attractive destination for family offices from around the world UAE Federal Decree Law No.37 of 2022, concerning the Family Businesses (the Law), was issued in October 2022 and came into force in January 2023. By issuing this law, the UAE government …

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A Guide to UAE’s New Law on End-of-Service Gratuity

Employment Law / By ohllpadmin

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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New Bankruptcy Law in the UAE Explained

Financial Laws / By ohllpadmin

Learn about the new financial restructuring and bankruptcy law in the UAE, which will enter into force on 1st May 2024

UAE Corporate Governance Regulation For Insurance Companies

Corporate Law, Governance, Insurance Law / By ohllpadmin

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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How to Set Up a Foundation in the UAE

Family Business Law, Tax Laws / By ohllpadmin

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 …

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UAE Consumer Protection Law Changes: All You Need to Know

Consumer Laws / By ohllpadmin

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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Foreign Funds in the UAE: New Regulations Explained

Financial Laws / By ohllpadmin

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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UAE Corporate Tax Law Demystified

Tax Laws / By ohllpadmin

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 …

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