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COVID-19: DIFC’s New Directive Provides more Flexibility & Protection

Employers can now impose reduced working hours, paid or unpaid leave, reduced pay, restrict workplace access and put in place remote working conditions without the consent of their employees for the duration of the Emergency Period. The Dubai International Financial Centre (DIFC) revealed that Resolution No. (4) for the year 2020 for the center, which […]

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World’s First University of Artificial Intelligence to be Established in Abu Dhabi

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Taking another bold step in the world of Artificial Intelligence (AI), Abu Dhabi announced the opening of the world’s first dedicated AI university – Mohammad Bin Zayed University of Artificial Intelligence (MBZUAI). Located in Masdar City with the latest state-of-the-art facilities and equipment, the university will offer both masters (two years) and PhD programs (four

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New DIFC Leasing Law to Enhance Protection for Landlords and Tenants

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The newly enacted Leasing Law introduces areas of protection and assurance to lessors and lessees entering into leases at properties based in the dynamic financial ecosystem of the DIFC. The law will address specific factors relating to real property within the DIFC, including the requirement to provide an appropriate regulatory environment aligned with common law

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DIFC Employment Law Amendment Replaces End-Of-Service Gratuity

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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

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New Rules and Regulations to Increase Ease of Doing Business in DMCC

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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

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Dubai is Going Paperless

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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

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A New DIFC Law to Protect Your Intellectual Property Rights

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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

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New Law to Support Financially Insolvent Individuals in the UAE

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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

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One License to Operate in Multiple Free Zones

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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

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New Excise Tax in UAE Starting December

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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

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COVID-19: DIFC’s New Directive Provides more Flexibility & Protection

World’s First University of Artificial Intelligence to be Established in Abu Dhabi

New DIFC Leasing Law to Enhance Protection for Landlords and Tenants

DIFC Employment Law Amendment Replaces End-Of-Service Gratuity

New Rules and Regulations to Increase Ease of Doing Business in DMCC

Dubai is Going Paperless

A New DIFC Law to Protect Your Intellectual Property Rights

New Law to Support Financially Insolvent Individuals in the UAE

One License to Operate in Multiple Free Zones

New Excise Tax in UAE Starting December

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