This comprehensive guide explores the various legal structures available for establishing a business in Saudi Arabia, providing vital insights for both foreign and local investors. With the Kingdom’s Vision 2030 driving economic diversification and openness to international business, choosing the right company type is critical for success. The article details the features, advantages, and limitations...
Muslim expats in the UAE often face uncertainty regarding estate planning due to the default application of Shariah inheritance laws. However, the Abu Dhabi Judicial Department (ADJD) provides a structured process for Will registration, allowing Muslim expats to have greater control over asset distribution. This article explores the legal basis, eligibility criteria, and step-by-step registration...
Abu Dhabi is leading the change in shaping the global economy, and Masdar City—with its “Live, Work, Play, Learn” philosophy—is emerging as a global model for sustainable urban development. As one of the world’s first net-zero cities, Masdar City offers businesses an unparalleled environment where innovation, sustainability, and growth converge. From 100% foreign ownership and...
In today’s digital age, our online presence extends far beyond emails and social media. Many individuals now own digital assets, including cryptocurrencies, domain names, and online investments. With the increasing financial and sentimental value of these assets, it has become crucial to include them in estate planning. The Dubai International Financial Centre (DIFC) Courts have...
Arbitration stands as a beacon of efficient conflict resolution, offering parties a swifter, more economical, and flexible alternative to the courtroom. Upholding confidentiality and preserving relationships, it embodies a modern approach to dispute settlement. However, the cornerstone of arbitration lies in the arbitration agreement, a crucial prerequisite for its effectiveness. In this article, we delve...
The United Arab Emirates (UAE) stands tall as one of the world’s fastest-growing economies, beckoning entrepreneurs and businesses with the promise of a thriving business haven. Nestled in this oasis of growth is the perfect opportunity to set sail with offshore companies. The UAE’s government has cultivated a business-friendly environment that entices foreign investors and...
Understanding the different business structures in the UAE such as LLCs, Partnerships, PJSCs, Branch Offices, and more will help you make the right decisions. From the dazzling skyscrapers of Dubai to the stunning beaches of Abu Dhabi, the United Arab Emirates (UAE) has become a beacon for foreign investors seeking new horizons. The secret behind...
Federal Decree-Law No. (32) of 2023 on Finance Lease comes into effect on 29 March 2024 Bilateral and tripartite leasing includes sale-leaseback arrangements Registration of a finance lease agreement is no more mandatory; but needed to ensure enforceability with third parties In a tripartite lease arrangement, the risk of loss concerning the leased asset is...
Participation in the alternative end-of-service benefits Scheme is optional for employers. They can adhere to labour law provisions that align with their business needs. SCA will issue licenses to investment service providers or fund managers. Regulatory authorities across the UAE will oversee the implementation.
Setting a precedent in UAE corporate law, for the first time a UAE court grants compensation for non-financial losses in a business dispute, safeguarding a company's reputation and honour. This sets a UAE precedent. Energy drink brand Power Horse wins USD1 million as moral damages.
