Company Incorporation is business set up, company formation, company registration, registering companies as mainland, freezone, or offshore entities.
Are you an ambitious entrepreneur seeking a land of opportunities to starting your business in the United Arab Emirates (UAE)? Renowned for its thriving economy and investor-friendly policies, the UAE offers a myriad of benefits that make it an ideal destination for aspiring business owners. Let’s delve into the enticing advantages of setting up your...
Introduction and Legal Framework The Abu Dhabi Global Market (“ADGM”) is an international financial center located in Abu Dhabi, United Arab Emirates (“UAE”). ADGM has its own legal framework, based on the English common law. Disambiguation: This article discusses ADGM employment laws. For DIFC labour laws, please refer to DIFC Employment Laws. For UAE Federal labour laws,...
Introduction The Cabinet Decision No. (58) of 2020 regulating the Beneficial Owner disclosure Procedures, hereinafter referred to as the “Decision” replaced the Cabinet Decision No. (34) of 2020 dealing with the Regulation of Beneficial Owner Procedures and came into effect on 28.08.2020. The Decision was enforced in furtherance of combatting money laundering and terrorism funding, both of...
Crypto assets businesses can obtain bespoke licenses from the DMCC Crypto Centre in Dubai. The Dubai Government Authority relating to commodities, trade license, and enterprise and DMCC Freezone signed a Memorandum of Understanding (MoU) with the SCA (Securities and Commodities Authority) to launch a regulatory framework for businesses using crypto assets in DMCC. SCA will...
DIFC, now available for all start-ups and entrepreneurs, offers an opportunity to grow and establish their businesses with the Innovation License. With DIFC’s vast connections every joiner will be open to diversified types of banks, financial, and service providers. DIFC Innovation License enables you to enter tech innovations in the MENASA region. DIFC FinTech Hive...
Dubai International Financial Centre (DIFC) reported the best performance in its 16-year experience. Dubai’s growth trajectory across the global finance industry is well seen with the 20% growth in new firms; 24% growth in financial companies and the FinTech Businesses and Innovation ecosystem number doubled and it requires trade license. Business sectors also achieved exponential...
Dubai International Financial Centre (DIFC) has proposed amendments for providing an appropriate regulatory environment for businesses to operate in or from the Centre. Various legislative proposals seek public comments, such as Amendments to the Employment Law Amendments to provide clarity on Qualifying Scheme regime; Amendments to the basic workplace health and safety requirements to include...
The Abu Dhabi Global Market (ADGM) launched new Data Protection Regulations (“the Regulations”) on 14th February 2020, replacing the 2015 version. The new regulations broadly align itself with the European Union’s General Data Protection Regulation (GDPR), which is considered to be the gold standard for data protection legislation. Key Features of The Regulations The new...
The owners of the construction buildings are now required to obtain environment licenses in three instances as proclaimed by the Abu Dhabi Environment Authority. The idea is to assess the environmental hazards and to stop or curb their impact by these licenses. They are: Start of a new project or a new building. Existing project...
Traditionally, setting up a business in UAE mainland required a local partnership. Only Free Zone entities were allowed 100% foreign ownership. A recent announcement has radically changed the business landscape of UAE, allowing 100% foreign ownership in UAE mainland businesses. Investments in certain sectors and economic activities will benefit from this newscheme. Related Services: General...
