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Prepare your business to comply with the UAE Economic Substance Regulations

In response to an assessment of the UAE’s tax framework by the European Union (‘EU’), the UAE introduced a Resolution on the Economic Substance Regulations (the ‘Regulations’) on 30 April 2019. The Regulations require UAE mainland and free zone companies and other UAE business forms (including Dubai International Financial Centre (‘DIFC’) and Abu Dhabi Global

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Prepare Your Business to Comply With the UAE ESR

In response to an assessment of the UAE’s tax framework by the European Union (‘EU’), the UAE introduced a Resolution on the Economic Substance Regulations (the ‘Regulations’) on 30 April 2019. The Regulations require UAE mainland and free zone companies and other UAE business forms (including Dubai International Financial Centre (‘DIFC’) and Abu Dhabi Global

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COVID-19: DIFC’s New Directive Provides more Flexibility & Protection

Employers can now impose reduced working hours, paid or unpaid leave, reduced pay, restrict workplace access and put in place remote working conditions without the consent of their employees for the duration of the Emergency Period. The Dubai International Financial Centre (DIFC) revealed that Resolution No. (4) for the year 2020 for the center, which

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COVID-19: Excusable Event From Contractual Obligations?

The growing increase in international travel and trade has led to a parallel emergence of global threats such as disease and other health risks. The Public Health Emergencies of International Concern (PHEIC) have also raised questions regarding fulfillment of contractual obligations in domestic and international contracts. PHEIC have only been implemented five times in the

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Development of Real Estate Laws and Regulations in Dubai – Overview

Legislation has been introduced over the past few years to regulate the ownership of property in Dubai to protect purchaser’s rights in relation to off-plan sales and to address the tensions and conflicts that have ensued between developers, investors and financiers, especially after the economic downturn in Dubai in late 2008. Ownership of Freehold Property

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