Dubai +971 4 325 4000
Abu Dhabi +971 2 650 1211
Dubai +971 4 325 4000
Abu Dhabi +971 2 650 1211
Introduction The UAE implemented new VAT regulations under Cabinet Decision No. 127/2024 concerning the implementation of the reverse charge mechanism on precious metals and gemstones among VAT-registered businesses in the state. This new VAT regulation explains…
Dubai is fast emerging as a global destination for investments from around the world. Due to the tax benefits offered by the country and the many opportunities available to expats, along with the welcoming nature of…
Federal Decree-Law No. 32 of 2021 on Commercial Companies governs the procedure for dismissing a manager from a UAE company. This law established guidelines for managing and regulating various types of businesses, including LLCs. As a…
Introduction: Air travel has become an indispensable part of modern-day life, offering convenience and efficiency for millions of passengers worldwide. However, with this convenience comes the responsibility of ensuring the safety and protection of passengers’ rights.…
In recent years, the UAE has taken significant steps to enhance transparency and combat financial crimes within its business landscape. Central to these efforts is the identification and regulation of Ultimate Beneficial Owners (UBOs) of businesses…
Introduction: UAE introduces Federal Decree-Law No. 42/2023 to Combat Commercial Fraud, repealing Federal Law No. 19/2016, and emphasizing a comprehensive legal framework. The new law aims to protect consumers, preserve goods’ integrity, and promote fair trade…
Introduction: The Ministry of Economy in the UAE has recently introduced a comprehensive list of violations under Cabinet Decision No. 66/2023 concerning the Executive Regulation of Federal Law No. 15/2020 on Consumer Protection. Federal Law No.…
Introduction: In today’s digital age, where smartphones and cameras are common, capturing moments through videos or photos has become second nature. However, it’s important to be aware of copyright laws, especially when recording inside theatres during…
Introduction: The liquidation of a company is a pivotal process governed by legal regulations in the UAE. Understanding the intricacies of liquidation proceedings is essential for stakeholders involved in company dissolution. Federal Decree-Law No. 32/2021 on…
Introduction: In a significant step, Federal Decree-Law No. 36/2023 has assumed control, replacing the previous competition regulation law (Federal Law No. 4/2012) in the UAE. This new legislation represents a remarkable development, focusing on competition practices…
Introduction The UAE has embraced the digital era with the enactment of Federal Decree-Law No. 14/2023 on Trading by Modern Technological Means. This innovative law aims to regulate and reorganize e-commerce activities, fostering a favourable environment…
Virtual Assets In The UAE – Updates You Need To Know Commercial laws in the UAE have undergone major reforms lately, and have been enforced with a sense of evolving the whole business setup established in…
The UAE government, on October 3rd, 2022, issued Federal Decree-Law No. 37, which is a comprehensive legislation regulating family businesses in the UAE. The law is introduced with the aim of boosting the contribution of family…
Capital markets are financial markets where traders exchange assets in the form of stocks or bonds. They are a medium of generating capital in the economy, for government or businesses, in order to meet their expenses.…
Commercial sector in the UAE is booming, with foreign investments into the UAE continuing at an encouraging pace. According to the UNCTAD World Investment Report 2022, the foreign investment in the UAE in 2021 was 20.7…
Commercial laws are the laws which governs trade and commerce in the country. The laws can be slightly confusing if you don’t understand what you are reading. This article might help you to understand the basics…
The United Arab Emirates is a leading global destination for businesses across sectors and industries, serving as a home for several national and international corporations. Given the volume of the business that is undertaken, with corporations…
A recent announcement by government of UAE regarding the merger of two Financial Regulatory Authorities in UAE is an ideal example of our progressive government even in the difficult times of the pandemic. A single financial…
At the beginning of this year, the Securities Commodities Authority of UAE has issued a new Resolution number 03 of 2020 which relates to the Corporate Governance Guidelines for public listed companies or Public Joint-Stock Companies.…
The Dubai International Center (DIFC), on 31st October, 2019 presented the Prescribed Company’s regulation with the aim of replacing and expanding the scope of the old regulations, i.e. the Special Purpose Company Regulations (SPC) along with…
The government of UAE has repealed the old Consumer Protection Law, i.e. Federal Law No. 24 of 2006 and has introduced a new law in place of it, in order to yield a far reaching mechanism…
The global pandemic has made every company thinking about their commercial status in the market propelling shareholders to take considerable decisions for the company to survive in the unfortunate market situation. Apart from options like de…
Federal Decree-Law No. 26 of 2020, this Decree has been issued, introducing significant amendments to Federal Law No. 2 of 2015 on Commercial Companies (the CCL). Decree is reported to have introduced 51 amendments to the…
Appointing a manager in a company registered within UAE is one mandatory requirement under the Commercial Companies Law of the country (Federal Law number 2 of 2015). Some companies name one of the partner or shareholder…
A joint venture can take any form, yet the ground condition on which it is based is a commercial collaboration amongst two or more corporations. The companies interchange their resources with an intention to attain maximum…
Legal Consultants in Dubai have witnessed multiple cases where issuer of the cheque repays the cheque amount in cash to the beneficiary and forgets to obtain the original cheque back. In such situations can the beneficiary…
Every company encounter its shares of ups and downs which pertinent for its growth and goodwill. However, the one who manages to recoup in such situation through various means remains intact. Accordingly, most companies in order…
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