Erada is the center for the treatment of drug addicts and psychotropic substances. Law No. 5 of 2019 (the ‘Law’) is issued to regulate the rehabilitation of substance and alcohol abuse in the Emirate of Dubai. The Law will apply to all activities of the Erada Center for Treatment and Rehab, which will replace the […]
New Law No. 5 of 2019 on the Erada Center for Treatment and Rehab Read More »
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced the launch of the emirate’s first virtual company license with an aim to build a ‘Virtual Commercial City’ in Dubai. The initiative shall offer vast opportunities for investors around the world to do business digitally
New Virtual Company License in Dubai Read More »
Law No. (6) of 2019 has been enacted to oversee jointly owned properties in Dubai, including the way Facilities Management (FM) business works. This law shall provide a regulatory framework designed to boost competitiveness, enhance investment in the real estate sector and ensure the rights of all parties are protected. It has been developed to
New Law Issued to Regulate the Joint Ownership of Real Estate in Dubai Read More »
The new Law No. 4 of 2019 regulating the Real Estate Regulatory Agency (RERA) includes restructuring the legal provisions of the agency, which was established pursuant to Law No. 16 of 2007. Under the new law, the objectives of RERA include contributing to the development of Dubai’s real estate sector within an integrated system of
New Law Issued for Regulating the Real Estate Regulatory Agency (RERA) Read More »
The committee will be headed by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Dubai Land Department and semi-government development companies including Investment Corporation of Dubai, Wasl Properties, Dubai Properties, Emaar, Meraas and Nshama, Nakheel, Meydan, Dubai Silicon Oasis Authority, Dubai South and Dubai Multi Commodities Center. The committee aims to
Real Estate Committee to Ensure Property Market Balance Read More »
DIFC has announced that DIFC Law No. 2 of 2019 (“New Law”) governing the employment relations within the DIFC will come into effect from August 28, 2019. The New Law will replace the DIFC Employment Law No. 4 of 2005 as amended by DIFC Law No. 3 of 2012. The New Law addresses and clarifies
DIFC’s New Employment Law Comes Into Effect Read More »
In continuation to the news released in October 2018 on dual licenses between free zones and mainland in UAE, where it was stated that Abu Dhabi free zones can have dual licenses to operate onshore in Abu Dhabi, Al Ain and Al Dhafra and also where a few Dubai free zones had entered into Memorandum
DMCC and DED Signed MoU on Dual Licensing Read More »
UAE was included by the European Union in list for lack of framework on tax frauds and tax evasion strategies. To combat this, recently, the UAE enacted the Cabinet Decision No. 31 / 2019 relating to the Economic Substance Regulations (the “Regulation”). The Regulation came into force on April 30, 2019. The purpose of the
UAE Introduces Economic Substance Regulations Read More »
Earlier in September 2018, Dubai International Financial Centre (‘DIFC’) Courts had launched a Will Service Centre for business owners to register their wills for various shareholdings they hold in the companies formed in the Emirate of Dubai or the Emirate of Ras Al Khaimah. However, DIFC Courts recently announced that they are now accepting wills
DIFC Wills Services: Non-Muslims Can Now Register Assets Read More »
The UAE Cabinet of Ministries issued a resolution on the reduction and cancellation of fees for the services of some federal entities, which took effect on July 1, 2019. According to the resolution, fees have been reduced by up to 50 percent to enhance the appeal of the national economy and reduce the cost of
Federal Government Services Fees to be Reduced or Cancelled Read More »
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