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UAE Cabinet Amends Law Allowing Trading Companies to Issue IPOs

The UAE cabinet has approved an amendment to the existing Commercial Agencies Law allowing trading companies to become Public Shareholding Companies. This will allow trading companies to issue IPOs (Initial Public Offerings) and raise funds from the local stock market. The decision will contribute to the inclusion of more companies in the Capital Market of […]

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New 2-Year Visa Is Available for Visiting Doctors in Dubai

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The Dubai Healthcare City Authority has announced a new 2-year “Visitor Doctor’s License”. This license will allow international physicians, dentists as well as Complementary and Alternative Medicine (CAM) practitioners to enter UAE. They can work in up to three clinics within the Dubai Healthcare City (DHCC) Free Zone. The 2-year period would start running after

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50% Reduction on Commercial Fines in Dubai

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The Commercial Compliance & Consumer Department (CCCP) of the Department of Economic Development (DED) has recently announced a 50% reduction on commercial fines. This is in line with the declaration of 2019 as the Year of Tolerance and to represent DED’s efforts to enhance ease of carrying out business in Dubai. Earlier, where a trader

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UAE and Saudi Arabia to Jointly Launch Cross Border Cryptocurrency

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The Central Bank of UAE (CBUAE) along with its Saudi counterpart the Saudi Arabian Monetary Authority (SAMA) will jointly issue a cross border digital currency which will be used cross borders between both countries. The UAE has been warming up to blockchain and cryptocurrencies at large. This cryptocurrency will not be exclusively available to customers

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Banks to Check the Creditworthiness of Customers

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As part of an ongoing effort by the Central Bank of UAE (CBUAE) has issued a circular to banks regarding issuance of cheque books to customers. According to this circular, before issuing cheques to customers, banks are now required to carry out a ‘creditworthiness check’. This creditworthiness check will be carried out by the Al

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E-media License in Available in UAE

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A new licensing system launched by the National Media Council (NMC) in March this year, distinguishes fake social media influencers and bloggers from genuine ones. UAE-based influencers claimed that this has given them a competitive edge over the fake influencers. UAE-based influencers also feel that their profession is much more protected and legitimized by this

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Find Out if You Have a Travel Ban in Dubai via Text

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The Dubai Police has a new smart reporting initiative. People who are facing criminal charges in Dubai will now be notified about it through a text message. The initiative aims for settlement of the cases in a prompt manner, as people can now come forward quickly on receipt of the text message. One can check

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Ejari Smart App: Register Your Tenancy Contract in Minutes

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The Dubai Land Department (DLD) has introduced new online services wherein the landlords in Dubai can now register the tenancy contracts and renew them online. The intention is to provide more cost-effective services and help save time and efforts of the customers. The new Ejari smart application enables sending the tenancy contracts digitally by the

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UAE Tourists Can Claim VAT Refund From November 18, 2018

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The UAE Federal Tax Authority (FTA) has announced a tax refund scheme for tourists. Under this scheme, tourists can request refunds of Value Added Tax (VAT) incurred on their purchases. This scheme in its first phase shall be available digitally in Abu Dhabi, Dubai, and Sharjah international airports, on tax invoices issued from November 18,

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UAE to List Sectors for Full Foreign Investment in 2019

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In continuation to the news released in September 2018 on UAE to attract investors, specialists and top talents, up to 10-year residence visa and 100% business ownership, the UAE government has released another news that the government aims to publish a list of positive sectors for 100% foreign ownership by first quarter of 2019. It

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UAE Cabinet Amends Law Allowing Trading Companies to Issue IPOs

New 2-Year Visa Is Available for Visiting Doctors in Dubai

50% Reduction on Commercial Fines in Dubai

UAE and Saudi Arabia to Jointly Launch Cross Border Cryptocurrency

Banks to Check the Creditworthiness of Customers

E-media License in Available in UAE

Find Out if You Have a Travel Ban in Dubai via Text

Ejari Smart App: Register Your Tenancy Contract in Minutes

UAE Tourists Can Claim VAT Refund From November 18, 2018

UAE to List Sectors for Full Foreign Investment in 2019

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