The Jebel Ali Free Zone Authority (Jafza), offers a host of company structures and business models with pre-built office spaces, warehousing facilities and cross-border business opportunities. Coupled with the proximity to seaport and airport, JAFZA is a premium location to set up industrial and trading businesses. It offers multiple benefits for entrepreneurs and businesses. The...
The UAE Labor Law’s provisions on working hours and leave entitlements are aimed to protect employees’ rights and safeguard fair treatment in the workplace. Identifying these rights and obligations is important for both employers and employees to maintain an appropriate and productive working environment. According to these regulations, this raises a positive work culture and...
Wages and remuneration are fundamental aspects of the employment relationship, providing employees with the financial resources to sustain themselves and their families, while also ensuring that employers meet their legal obligations. In the UAE, wages are governed by Federal Decree-Law No. 33 of 2021 (UAE Labour Law) and the Executive Regulations. Disambiguation: This article discusses...
The United Arab Emirates (UAE) is a rapidly developing country that places a strong emphasis on protecting the health and safety of its workforce. The legal framework governing labour relations in the UAE, particularly concerning health and safety, is primarily set out in Federal Decree-Law No. 33 of 2021 on the Regulation of Labour Relations,...
The concept of trusts, a longstanding fixture in common law jurisdictions, has been steadily gaining traction in the UAE’s legal landscape. With the introduction of specific regulations and the increasing acceptance of trust structures, the UAE offers a robust framework for both domestic and international clients seeking to utilize trusts for various purposes. This article...
Introduction RAK International Corporate Centre (RAK ICC) Foundations offer a robust and versatile legal structure designed to manage and protect assets efficiently. As a corporate body with a distinct legal personality separate from its founder(s), the RAK ICC Foundation operates through its council to administer its assets and achieve its objectives. These foundations provide enhanced...
Introduction Foundations serve as an efficient mechanism to consolidate family holdings of various assets into a single top-holding entity. Utilizing a Foundation to hold family assets, whether business interests, property, financial investments, or any other assets, allows for the legalization of clear instructions regarding the transfer of assets upon succession. The Abu Dhabi Global Market...
Following recent improvements in regional relations, Qatar has signed tax treaties with the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA). These Double Tax Avoidance Agreements (DTAAs) are a positive step for businesses and individuals operating in all three countries. GCC Economic Cooperation Takes a Leap Forward In a significant development...
An industrial license in Saudi Arabia permits businesses to engage in manufacturing and production activities. Acquiring this license involves meeting specific requirements based on your business activity and company’s specifications. This article outlines the steps to obtain an industrial license, the benefits of having one, and the regulatory framework governing industrial activities in Saudi...
The UAE had earlier heavily penalized 1,202 companies for fake Emiratization practices, imposing fines up to AED 100,000 per violation and revoking benefits from the Nafis program. Understand the Emiratization policies and the UAE’s commitment to deterring fraudulent practices. The Ministry of Human Resources and Emiratisation (MoHRE) has issued a renewed call to private...
