Incorporating a company in the United Arab Emirates (UAE) is a significant step for entrepreneurs and businesses looking to tap into the region’s dynamic market. The UAE offers a business-friendly environment, tax benefits, and access to a global network. However, the process requires careful preparation, especially regarding the documentation needed for company formation. In this...
When considering setting up a business in the UAE, one of the most critical aspects to consider is the ownership structure, especially in specific sectors where 100% foreign ownership is not permitted. While the UAE has become increasingly open to foreign investment, some business activities still require the involvement of an Emirati partner. As per...
In the UAE, business activities are broadly classified into two categories: Regulated and Unregulated. Regulated activities are those that require additional approvals from government authorities or regulatory bodies. Examples include financial services, healthcare, education, and legal services. Unregulated activities do not require any special regulatory approval apart from the standard business licensing process. These typically...
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...
