The basics of buying freehold property in Dubai are the same as anywhere else in the world: One needs to be very careful and exercise due diligence. Owning a property in Dubai as a foreigner In order to purchase property in Dubai, you must be over 21 years of age. Where you intend purchasing property […]
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The long-awaited law no. 15/2017 concerning management of estates of non-Muslims and execution of their wills (‘law’) seeks to create a clear legal framework that regulates wills and estates for non-Muslims expatriates in Dubai. The law is allowing non-Muslims to prepare their wills according to their wishes and pursuant to their national inheritance laws. It
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On 01 July 2017, UAE Federal Traffic Law No. 21 of 1995, as amended by Ministerial Resolutions no. 177 and 178 of 2017 regarding license issuance and renewal and new traffic control rules and procedures were enforced across the seven emirates. Ministerial resolution No. 178 of 2017 which focuses on new traffic control rules comprises
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It has been estimated that the introduction of a value-added tax (VAT) in the UAE will generate Dh12 billion of additional revenues. According to the UAE Ministry of Finance, “VAT will provide our country with a new source of income which will contribute to the continued provision of high-quality public services into the future. It
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1. Choice of divorce law if both parties share the same nationality In the UAE, the applicable law to divorce cases is Islamic Law (also known as “Shari’a”). However, Federal Law No. 28 of 2005 On Personal Status (the “Personal Status Law”) allows the parties to choose the application of the laws of their home
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With the incomparable lifestyle Dubai has to offer, the city’s real estate market continues to attract individuals who wish to own a home in Dubai. Before deciding to invest in a property, expatriates must take into consideration the following key information. 1. You can purchase freehold property only in designated areas If before 2002 expatriates
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Dubai is a cosmopolitan global city, home to a thriving international community of creative, dynamic professionals. Entrepreneurs wishing to establish businesses within the creative realm can move their project forward by establishing their business under a free zone. Under which authority should you open your business? There are a number of authorities under which entrepreneurs
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The concept of jointly owned property was introduced by Law no. 27 of 2007 “concerning ownership of jointly owned real property in the Emirate of Dubai”. This law came into effect on April 1st, 2008. Additional regulations, known as “directions”, were issued in 2010 in order to regulate a few subjects such as the content
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We often encounter cases where entrepreneurs have decided to expand their business outside of their home country in order to venture in the UAE without properly protecting their brand. It is fundamental to have knowledge of the UAE trademark system in order to avoid any unpleasant surprises in the future. The applicable laws to trademarks
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Newly incorporated companies often seek to open a bank account in the UAE. If the process might happen to be quite simple for free zone and onshore companies, the same cannot be said for offshore companies. UAE banks are becoming more and more reluctant to open bank accounts for offshore companies and the list of
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