The United Arab Emirates (UAE) has successfully diversified its economy over the past four decades, creating a host of international business opportunities across multiple sectors. With a highly flexible government that continuously introduces incentives for businesses at every stage, the UAE has emerged as a favorable destination for startups, established enterprises, and aspiring entrepreneurs. In...
Making the Right Move: Your Business, Your Future Armed with a wealth of knowledge about Freezone and Mainland, it is now time to choose the path that aligns with your unique business goals. Consider the size, nature, and location requirements of your venture, and seek guidance from industry experts to ensure a seamless company...
The UAE is home for several free zones and each free zone is regulated by its own laws. This article talks about employment laws pertinent to the DIFC. For employment laws relevant to the Abu Dhabi Global Market, see ADGM Employment Regulations: A Quick Overview. The Dubai International Financial Centre (DIFC) is a financial free...
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 Personal Data means any data relating to an identified natural person or a natural person who can be identified, through the linking of data by reference to an identifiable information/data. The identifiers could be his or her name, voice, picture, physical or physiological information, cultural or social characteristics, electronic identifier, geographical location, and also...
‘Notary Public’ services are expected to go digital as a result of the recent amendments to Law No. (4) of 2013 which deals with the Notary Public Activities in the Emirate of Dubai. His Highness Sheikh Muhammed bin Rashid Al Maktoum in his capacity as ruler of Dubai, issued Law No. (26) of 2021, amending...
The UAE Central Bank, the Ministry of Economy, and the Ministry of Justice announced a new Federal Decree No. 14/2020 (“Decree”) on September 27th, 2020[1], which in effect amends the Commercial Transaction Law No. 18 of 1993 (“C T Law”) by partially decriminalizing on cheque bounce due to insufficient funds. The majority of the amendments...
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...
The UAE cabinet approved the Strategy for Talent Attraction and Retention to strengthen the UAE’s position as the best destination for living, working, and investing. The strategy plans to place UAE among the three top countries in talent attraction and retention. UAE is aware of the talents that contributed to its growth and is ready...
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