The UAE has established comprehensive regulations to determine tax residency for individuals and businesses operating within its borders. Three key legislative instruments guide these determinations: Cabinet Decision No....more
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...more
8/12/2024
/ Advertising ,
Amended Regulation ,
Complaint Procedures ,
Consumer Protection Laws ,
Documentation ,
Grievance Process ,
Ministry of Economy ,
Misleading Impressions ,
Monopolization ,
Penalties ,
United Arab Emirates (UAE) ,
Warranties
Double taxation arises when the same income is taxed in two different jurisdictions, potentially leading to excessive tax burdens for individuals and businesses. The UAE has developed a comprehensive legal framework to...more
In recent years, the UAE has continuously updated its legal framework to enhance regulatory oversight and adapt to global financial trends. One significant development is the amended Federal Decree-Law No. 14/2018 on the...more
The off-plan property market in Dubai has been a magnet for investors, promising profitable returns and a vibrant real estate landscape. However, delays in the completion of off-plan properties can lead to significant...more
8/1/2024
/ Buyers ,
Delays ,
Dispute Resolution ,
Dubai ,
Maintenance ,
Project Management ,
Real Estate Development ,
Real Estate Investments ,
Real Estate Sales Contracts ,
Sellers ,
United Arab Emirates (UAE)
The UAE has taken a significant step forward in regulating space activities with Cabinet Decision No. 20/2023 on the Regulation for Ensuring Compensation of the Damage Caused to Third Parties While Practising Space Activities...more
The UAE has enacted Federal Decree-Law No. 38/2023, amending Federal Law No. 39/2006 on Mutual Judicial Cooperation in Criminal Matters. These amendments aim to enhance the efficiency and fairness of international judicial...more
In recent years, the global economy has witnessed the popularity and adoption of cryptocurrencies, with Dubai emerging as a notable player in this digital financial landscape. As the market for virtual assets continues to...more
In the UAE, adherence to traffic laws is essential to ensure road safety and orderly conduct. The legal framework governing traffic-related matters comprises Federal Law No. 21/1995 Concerning Traffic Law and Ministerial...more
Introduction: In the realm of international commerce and dispute resolution, arbitration has become an increasingly preferred method for resolving disputes. Its efficiency, impartiality, and enforceability across borders make...more
In the UAE, the process for lawfully removing a manager from a company is governed by Federal Decree-Law No. 32/2021 on Commercial Companies. This comprehensive legislation outlines the procedures and requirements for the...more
In accordance with Federal Decree-Law No. 13/2022, which establishes the Unemployment Insurance Scheme (UIS) in the UAE, individuals can claim Insurance for Loss of Employment (ILOE) to navigate post-termination situations. ...more
In commercial transactions, the process of recovering debts owed by companies may sometimes necessitate legal intervention. Under Federal Decree-Law No. 42/2022 on Civil Procedure Law, specific procedures are outlined for the...more
In the UAE, community living is a common lifestyle choice, encouraging a sense of togetherness and shared experiences. However, this closeness to neighbors can sometimes lead to challenges, especially concerning the...more
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...more
The Federal Decree-Law No. 14/2018 on the Central Bank and the Organisation of Financial Institutions and Activities, along with its recent amendments outlined in Federal Decree-Law No. 54/2023, has introduced significant...more
5/7/2024
/ Auditors ,
Banking Sector ,
Customer Protection Rule ,
Digital Currency ,
Electronic Banking Rules ,
Financial Institutions ,
Financial Services Industry ,
Investors ,
Money Laundering ,
Terrorism Funding ,
United Arab Emirates (UAE)
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...more
In recent years, the world has witnessed rapid growth in the popularity and adoption of virtual assets, including cryptocurrencies, non-fungible tokens (NFTs), and various other digital assets. With this rise, however, comes...more
4/24/2024
/ Central Bank Digital Currency (CBDCs) ,
Digital Assets ,
Digital Service Providers ,
Financial Markets ,
Financial Services Industry ,
Investors ,
Non-Fungible Tokens (NFTs) ,
Regulatory Requirements ,
United Arab Emirates (UAE) ,
Unlicensed Professionals ,
Virtual Currency
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,...more
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...more
4/3/2024
/ Commodities ,
Consumer Complaint System ,
Consumer Protection Laws ,
Contests & Promotions ,
False Advertising ,
Ministry of Economy ,
Misrepresentation ,
Monopolization ,
Penalties ,
Product Labels ,
Suppliers ,
United Arab Emirates (UAE)
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...more
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...more
3/19/2024
/ Corporate Dissolution ,
Creditors ,
Debt ,
Division of Assets ,
General-Business ,
Insolvency ,
Inventory ,
Liquidation ,
Partnerships ,
Reporting Requirements ,
Shareholders ,
Sole Proprietorship ,
United Arab Emirates (UAE)
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,...more
3/12/2024
/ Abuse of Dominance ,
Anti-Competitive ,
Competition ,
Consumer Protection Laws ,
Economic Growth ,
Goods or Services ,
Monopolization ,
New Legislation ,
Penalties ,
Regulatory Reform ,
Unfair Pricing ,
United Arab Emirates (UAE)
The Federal Decree-Law No. 47/2022 on the Taxation of Corporations and Businesses (Corporate Tax Law), establishes the legislative framework for imposing federal tax on corporations and business profits in the UAE. This...more
In a world where remote work has become increasingly common, the UAE has taken a transformative step by introducing the one-year Remote Work Visa. This initiative allows individuals to reside in the UAE while working for...more