Law no. 4 of 2020 has been enacted to introduce the new Qualifying Scheme workplace savings scheme in the DIFC, replacing the current end-of-service gratuity payment regime that has been in place since the inception of the DIFC in 2004. According to the Amendment, which will enter into effect on 1 February 2020, employers will […]
DIFC Employment Law Amendment Replaces End-Of-Service Gratuity Read More »
DMCC has announced a set of new rules and regulations effective from January 2, 2020, to further enhance the ease of setting up and doing business in DMCC. The new regulations update DMCC’s existing company law framework, providing greater flexibility and ease of operations for businesses registered within DMCC and increasing the remit of their
New Rules and Regulations to Increase Ease of Doing Business in DMCC Read More »
The Dubai Government’s vision to make Dubai the happiest city in the world by 2021 is well underway and one of the key projects that is making the life of residents easier is DubaiNow. What is DubaiNow? DubaiNow is a big part of the paperless strategy which seeks to transform Dubai Government into a fully
Dubai is Going Paperless Read More »
The Dubai International Financial Centre (DIFC) has recently enacted a new Property Law No. 4 of 2019 to align the IP law and rights with international treaties (the ‘Law’). This Law will help DIFC based entities to protect their intellectual property rights and encourage creativity and innovations. It provides the recognition to UAE registered IP
A New DIFC Law to Protect Your Intellectual Property Rights Read More »
On 17th of September 2019, the UAE Cabinet has approved a federal law to protect the debtors from legal prosecution. The purpose of this law is to assist individuals who are facing financial difficulties, which makes them unable to settle their debts and financial obligations, by appointing one or more experts on the basis of
New Law to Support Financially Insolvent Individuals in the UAE Read More »
The Dubai Free Zones Council (“DFZ Council”) has initiated “One Free Zone Passport” scheme to attract international companies for investment and business set up. This scheme will enable the entities having any one free zone license to operate in other free zones based in Dubai without any further requirement of new license. Certainly, this will
One License to Operate in Multiple Free Zones Read More »
The UAE Ministry of Finance announced its decisions to expand the list of items which are harmful for consumption by imposing excise tax starting December 1, 2019. In addition to taxes on tobacco products, energy drinks and soft drinks, excise tax has been imposed on e-cigarettes and beverages with added sugar. This includes Cabinet Decision
New Excise Tax in UAE Starting December Read More »
The UAE Central Bank has removed the 70-year age limit for the last mortgage repayment in order to ease mortgage loan requirements. The Central bank said that banks and finance companies will determine the age limit of their customers as per their risk management. Real estate is one of the most vital sectors in the
Central Bank Removes 70-Year Age Limit on Property Mortgage Read More »
The World Logistics Passport offers a set of unique operational and financial advantages for businesses and shipping companies by connecting government entities, including Dubai Customs and Dubai Trade, with logistics service providers like DP World and Dnata, and facilitating commercial transactions among concerned bodies in Dubai. It is designed to boost the role of the
Dubai Customs Launches the World Logistics Passport Read More »
People with bounced cheques worth less than Dh200,000 in Dubai can pay their fines on their smartphones without having to go to police station, an official said on Monday. The new prosecution service was announced during Gitex Technology Week in Dubai on Monday, with people being able to avail the facility from October 13. Fatima
Bounced Cheque Fine Payment Made Easy Through Smartphones Read More »
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