On October 19, 2023, a significant milestone was reached with the official launch of the Ras Al Khaimah Digital Assets Oasis (“RAK DAO“), established earlier in the year through RAK Law No. 2 of 2023, referred as “RAK Digital Assets Oasis” Law, under the supervision of RAK’s Department of the Future. The enactment of new […]
The Establishment of new FZ – RAK DAO Read More »
In accordance with Law No. 4 of 2022 – Regulating Virtual Assets in the Emirate of Dubai, the Virtual Asset Regulatory Authority (VARA) the sole authority governing and regulating the virtual assets sector within the Emirate of Dubai, has enacted a comprehensive legal framework to be enacted in all free zones and mainland, except within
The Federal Decree Law No. 37 of 2022 is a landmark piece of legislation forming part of the comprehensive Thabat (keep up) programme, a partnership between Dubai Chambers and the Ministry of Economy. Thabat reflects the commitment of both parties to support the growth of family businesses and prepare them for the opportunities and challenges
Below are the Q&As highlighting my views and thoughts on AI technology in the legal practice. Q: What applications and tools of AI have we seen to date in legal practice? Because of the capabilities of the technology, we have witnessed several impactful applications and tools of AI within the legal profession. These applications are
Adoption of AI, ML and Blockchain Technology in Litigation Read More »
Introduction In the world of business transactions, trust and security play a pivotal role. Whether our clients are involved in high-value purchases, mergers and acquisitions, or are navigating the complexities of emerging markets either in the digital domain or expanding to new geographical markets, the need for a reliable mechanism to protect all parties involved
Securing Transactions: A Comprehensive Guide to Escrow Services in the UAE Read More »
The UAE, renowned for its commitment to robust legal systems and regulatory frameworks, places great emphasis on the verification and authentication of documents. The country is a home to 200+ nationalities and businesses from around the world and certified true copies play vital role in ensuring the validity and reliability of various records and paperwork.
The Role of a Certified True Copy in the UAE Read More »
This legal article aims to provide clarity on the concept known as formal Legal Opinion vs. Legal Advice, and to: highlight the benefits of seeking such an opinion from a law firm or legal expert, explain what clients can expect from this service when engaging a law firm, identify when it is appropriate to seek
The Importance of Legal Opinion Read More »
Over the years Dubai has gained worldwide recognition for its rapidly growing real estate market, offering a dynamic and lucrative investment environment. Year after year, the city’s skyline is adorned with architectural marvels, luxurious residential developments, and state-of-the-art commercial projects that capture the attention around the world. And this remarkable growth coupled with the government’s
What is Property Conveyancing? Read More »
UAE’s Vision This strategic decision is motivated by the UAE’s vision to reduce reliance on oil-related revenues and create a more sustainable and diversified economy. The introduction of corporate tax is governed by the Ministry of Finance, which plays a pivotal role in developing and implementing the tax framework, supported by the Federal Tax Authority
UAE – Competitive Corporate Tax Regime as of 1 June 2023 Read More »
Free Zones in the UAE Financial free zones (FFZ) play a pivotal role in shaping and boosting the economic landscape of a country by contributing significantly to its Gross Domestic Product (GDP). These specialized areas, often located within major cities or strategic locations, are designed to attract local and international financial institutions, international businesses, and
ADGM: A New Road to Future Read More »
2023 Motei & Associates | Legal Services | Law Firm | All rights reserved.
