Starting June 1st 2023, the UAE government will implement a 9% federal corporate tax on corporation profits that exceed an income of AED 375,000 ($102,000), this tax will not, however, be implemented to small businesses that amount to that and below. Chris Payne, who is chief economist at Peninsula Real Estate, states that this announcement
Small Business Owners, Rejoice! Read More »
Dubai CommerCity, the first and leading e-commerce enabler has recently launched their e-commerce business setup incentive package in the Middle East, Africa and South Asia (MEASA) region. The initiative is aimed to stimulate the economy and to enable the new companies and potential investors grow their e-commerce and omnichannel sources. Notable Features § 100% foreign
Looking to Set-Up your Business? Don’t Miss this Opportunity! Read More »
Have you wondered why recently you’ve been able to see the caller ID of numbers that are not even saved in your contact list? A new service called ‘Kashif’ was activated by the Telecommunications and the Digital Government Regulatory Authority (TDRA) earlier this year. The aim is to reduce the number of anonymous calls residents
UAE: Say No to Phishing Read More »
According to the new UAE cybercrime law, taking pictures of accident victims without their consent and circulating them online are punishable with a six-month jail term or a fine between AED 150,000 to AED 500,000 or both. The new cybercrime law further states that individuals engaging in online begging or seeking illegitimate assistance from government
Cybercrime Update: Think Twice Before You Post! Read More »
Law No. (26) of 2021 was recently issued regarding the Notary Public in Dubai, which subsequently amends Law No. (4) of 2013. An electronic notary public system was introduced in the amending law where regular Notary Public duties will be performed automatically through e-Notary services, as part of Dubai’s smart government initiative. The amendment also
Amendment to Notary Public Law Read More »
The Federal Decree Law no. 31 of 2021 regarding the UAE Penal Code is to become effective from 2 January 2022, subsequently amending Federal Law no. 3 of 1987. Under the new law, the juvenile age limit is increased from 14 to 18 years old, resulting in a death penalty to offenders who are guilty
Amendment to UAE Penal Code Read More »
The administering body of the DIFC – LCIA Arbitration Centre in Dubai, the DIFC Arbitration Institute (DAI), was abolished last month through Decree No. 34 of 2021. The same Decree also abolished the Emirates Maritime Arbitration Centre (EMAC). The workflows, processes, staff, and assets of the two institutes are to be transferred and merged into
Abolishment of the DIFC-LCIA Arbitration Centre Read More »
M&A was retained to represent the purchaser of a real estate property (“Claimant/Client”) in relation to a dispute against a Dubai based renowned real estate developer (“Developer/Respondent”) Facts The Claimant and the Respondent had entered into a Sale and Purchase Agreement (“SPA”) for the purchase of a unit located on Al Marjan Island in Ras
Timing to File an Arbitration Case is Not Deemed a Binding Precedent Read More »
Court’s Rationale The Company is responsible for its failure to maintain the safety measures for the equipment that caused the Claimant’s injuries during a ‘child’ car racing. The Court also revoked the waiver of liability signed by the child’s father. Facts of the Case While the child and his father were on a short visit
Signing a Waiver of Liability is not a Release from Liability Read More »
Motei & Associates was instructed by the Respondent in recent legal proceedings between two parties (details for which must remain confidential) before the Dubai Courts in relation to the ratification of an arbitral award issued by the Dubai International Arbitration Centre (DIAC). Appeal Court’s Rationale An arbitrator is under an obligation to give the parties
Ratification of a DIAC Award for a Fundamental Breach Overruled Read More »
