Introduction The Abu Dhabi Global Market (ADGM), a renowned international financial center, has been gaining prominence as a business hub in the heart of the United Arab Emirates (UAE). With its business-friendly regulations and conducive environment for both local and foreign enterprises, ADGM has attracted a diverse range of businesses, leading to an increasing need...
ADGM labour laws are very stringent about employee welfare and protection of wages. Not paying wages can lead to court intervention and hefty penalties. Each stage of non-compliance would amount to different stages of penalty. Every employer is obliged to make payments to their employees in accordance with the employment contract executed between the employer...
UAE’s commitment to fostering a robust and dynamic e-commerce sector by setting clear guidelines and standards for online trade. Drafted to streamline operations, reduce bureaucratic hurdles, encourage innovation and provide conducive environment for e-commerce businesses. The law applies to those free zones that lack specific legislation to regulate trading through technological means. Delineates the rights...
A guide to job visas and work permits in ADGM: The types of visas and work permits, the procedures and documents needed to secure them.
Bharat Mart, India’s proposed warehousing facility in the Jebel Ali Free Zone, is expected to be functional by 2025. It allows Indian exporters to showcase their products under one roof. Now they can serve UAE markets, GCC countries, and global markets. In the ever-evolving landscape of global retail, the introduction of Bharat Mart in the United...
Judicial fees in Ras Al Khaima courts are substantially reduced for various legal proceedings, including civil and commercial lawsuits, rental disputes, and executive cases. Fee reductions for appeals made before the Courts of Appeal and Cassation. Jointly intervening litigants can engage in the legal process without incurring additional charges for their motions. On November 16,...
Al Reem Island Becomes Part of ADGM (Abu Dhabi Global Market). Expands ADGM’s jurisdiction to Al Reem island in addition to Al Maryah island. With 1438 hectares, ADGM becomes one of the largest concentrated Financial Districts in the world.
The processes for UAE's ICV certification for the Small and Medium Enterprises (SMEs) to obtain the National In-Country Value (ICV) Certificate for a nominal fee as low as AED 500.
With the recent amendments, the UAE cements its position as a preferred hub for arbitration. These changes relate to more stringent measures to ensure the impartiality of an arbitrator, videoconferencing for hearings and engaging of legal experts for representation, among other things.
In the Abu Dhabi Global Market (ADGM), employment regulations are dealt with by the provisions of ADGM Employment Regulations 2019 (the “Regulations”), ADGM Employment Regulations (Engaging Non-Employees) Rules 2023 (the “Rules of 2023”), and ADGM Employment Regulations 2019 (Compensation Awards and Limits) Rules 2019 (the “Rules of 2019”). The usual practice is to develop an...
