Articles

Understanding Prenuptial Agreements for Foreign Residents in the UAE: A Guide to the Current Legal Framework

This article will explore the current legal framework surrounding prenuptial agreements in the UAE, particularly under Federal Decree-Law No. (41) of 2022 and relevant Emirati laws. Legal Framework guiding the Prenuptial Agreements in the UAE 1. Federal Decree-Law No. (41) of 2022 Federal Decree-Law No. (41) of 2022 governs civil personal status and family matters […]

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Key Rules for Determining Taxable Income in the UAE

Starting Point: Net Accounting Profit or Loss The process for determining taxable income begins with the net accounting profit or loss reported by the taxable person. This figure provides the baseline for further adjustments required by the UAE CT Law. Key Adjustments for Accurate Taxable Income Calculation Exempt Income: Identify and exclude income that is

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Mastering Withholding Tax and UAE Corporate Tax: A Guide to Managing Foreign Tax Credits

Withholding Tax Credit as an Instrument to Avoid Double Taxation In an increasingly globalized economy, businesses and individuals often receive income from various foreign sources, such as dividends, interest, royalties, and service fees. To appropriately tax these cross-border transactions, many countries implement withholding tax mechanisms. Typically, the payer—a business or financial institution in the foreign

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Redundancy in the UAE: Understanding Your Rights and the Legal Framework

Introduction We take this opportunity to discuss a very hot topic of Redundancy, a term frequently used by employers, but not always properly understood or fairly applied. 2016: Initial recognition of redundancy under UAE Labour Law, providing a foundation for lawful termination due to business needs. 2020: Ministerial Resolution No. 279 of 2020 introduced during

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Hidden Savings: Discover If Your Business Qualifies for UAE Corporate Tax Exemptions

There is also a possibility to seek various exemptions and reliefs. However, certain conditions must be met for businesses to qualify for exemptions or reliefs and understanding these conditions is crucial for maximizing potential savings now that businesses must accept and adapt to the new CT Law. Types of Exemptions Extended by the Ministry of

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Understanding Criminal Records and Their Implications for Re-entry into the UAE

The UAE has developed a well-coordinated system to ensure the efficient enforcement of laws across its seven emirates. Unified Databases: Centralized criminal record databases allow seamless information sharing among law enforcement and judicial bodies, ensuring that a person’s criminal history is accessible in any emirate. Police Cooperation: Law enforcement agencies collaborate through the Ministry of

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Navigating UAE’s Immigration Landscape: Understanding Deportation For Security And Compliance

Understanding UAE Residency Laws: Deportation Regulations and Procedures Deportation is a consequential aspect of immigration law in the United Arab Emirates (UAE), designed to uphold National Security, Public Order, and Societal Norms. Governed by stringent regulations overseen by the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), deportation serves as a legal tool

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UAE Cabinet Resolution No. 318 of 2024: Ensuring Business Integrity and Legal Residence Accountability

Reasons for Issuing Ministerial Resolution No. 318 The issuance of Resolution No. 318 by the UAE Ministry of Human Resource and Emiratisation (MoHRE) is driven by the imperative to combat illicit practices, particularly residency trade. This unethical practice involves the recruitment of expatriate workers under deceptive terms, leaving them vulnerable without legitimate employment. Such practices

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Securing Your Property Transaction: The Essential Role of Conveyancing in the UAE

Despite its indispensable role in ensuring the security and legality of property transactions, conveyancing is often undervalued by many real estate investors. This article aims to underscore the importance of engaging a professional lawyer from the onset of your property transaction. Here, we delve into the intricacies of conveyancing in the UAE, exploring its significance,

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Financial Assets Will: Preserving Wealth with Legal Clarity in the UAE

Overview A Financial Assets Will is crucial for expatriates and residents in the UAE with significant financial holdings in banks and brokerage accounts. This legal document ensures that your financial assets are managed and distributed according to your wishes, in compliance with DIFC regulations. Recognized financial assets that can be included in such a will

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