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 […]
Overview of the New Taxation Regime to Be Implemented in the UAE Read More »
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
What Expatriates Need to Know on Divorce Laws in the UAE Read More »
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
Four Things Expats should Consider when Buying Property in Dubai Read More »
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
Creative Entrepreneurs: How to Set Up a Free Zone Business in Dubai Read More »
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
What You Need to Know Before Owning a Unit in a Jointly Owned Property in Dubai Read More »
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
How to Protect International Trademarks in the UAE Read More »
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
Opening a Corporate Bank Account in the UAE for Offshore Companies Read More »
In the past, contractual dispute resolution provisions were commonly known as ‘midnight’ clauses because commercial lawyers only come to discuss them in the closing stages of contract negotiations. Nowadays, taking into account the complications which may arise from badly drafted arbitration clause, they are better referred to as the 8 o’clock in the morning clauses.
Midnight Arbitration Clause v. 8AM Arbitration Clause Read More »
The Reality: Honeymoon-Rough-Bold Despite all best efforts to maintain the “honeymoon” period, there will come time during the relationship where the franchisee and franchisor may not agree or see things differently; this is the “Rough” period… very likely, such period will evolve to a clear disagreement the “Bold” period which, if not managed properly, it
Resolving Franchising Disputes Read More »
Developers Rights of Termination During the boom years all construction projects were vigorously under development and there was an escalation of off-plan property prices. Law No (13) of 2008 was published with the view of introducing measures to discourage developers from terminating sale contracts in order to re-sell units at a higher price to new
Discussion on Developers Rights of Termination Read More »
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