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 »
Q/ What are the provisions of marriage, divorce, inheritance, and a will for non-Muslims in the UAE? A/ Federal Law No. 41 of 2022 civil personal status was issued, in force as of 1 February 2023, and applies to non-Muslims, whether a citizen or residents of the UAE, and the new law carries civil principles
What you need to know about the new Civil Personal Status Law Read More »
The below-mentioned options are the progressive and non-traditional ways of venturing into setting up a crypto blockchain business in DMCC (Freezone), Dubai, United Arab Emirates. Blockchain A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without a need for a central clearing authority. Potential
Crypto Currency Blockchain Business Set Up – DMCC (Freezone) Read More »
Dubai: If your landlord has increased your rent beyond the range permitted in the rental index, you can object to the move by filing an ‘Offer and Deposit’ motion with Dubai Land Department (DLD). According to DLD, the tenant can deposit the rent as per the previous rental contract through DLD, by filing the ‘offer
Blockchain A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without a need for a central clearing authority. Potential applications can include fund transfers, settling trades, voting and many other issues. Whereas Cryptocurrency can be defined below: Cryptocurrency is a digital currency that is
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Dubai: Earlier this month, the UAE’s Ministry of Human Resources and Emiratisation issued a new resolution introducing the concept of employee insurance in the UAE. ‘Ministerial Resolution No. 318 of 2022 concerning bank guarantees and employees protection insurance scheme’ for private sector employees, made it mandatory for establishments in the UAE to provide either a
How does the new employee insurance affect workers in the UAE? Read More »
Can my company provide health insurance for my spouse and children? Dubai: If you recently suffered from an injury or your child visited a paediatrician, you may wonder if your company will foot the medical bill. In the UAE, some Emirates have made it compulsory for employers to cover health insurance for their expatriate employees.
Is it mandatory for employers to provide health insurance in the UAE? Read More »
In order to protect Dubai’s economy from financial risks and crimes, Economic Security Center of Dubai (ESCD) is established in consonance with Law No. (4) of 2016 onthe Dubai Economic Security Centre, which was subsequently amended by Law No. (9) of 2019 to augment the legislations of economic security to counter corruption and economic crimes.
Highlight on the Economic Security Center of Dubai Read More »
Registration vs. Ownership · A trade name (TN) is aspecific name that a merchant or a commercial company takes to distinguish his shop or company from others. To protect such name, it must be registered in the respective register at the Dubai Economic Department (DED). · A trademark (TM) is everything that is used or intended
Trade Mark Protection – Dubai Court’s Ruling Read More »
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