On 12th May 2025, the Central Bank of the UAE (CBUAE) issued administrative and financial sanctions against five insurance brokers operating in the UAE. The action was taken under Article 14 of Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organizations. Two of the...
The UAE Ministry of Finance (MoF), in consultation with the Federal Tax Authority (FTA), has issued a significant compliance relief measure in the form of an administrative penalty waiver for businesses and entities that failed to register for Corporate Tax by the required deadline. However, this waiver is conditional—it is only available to registrants who...
In a progressive move to strengthen labour protections, the UAE has now mandated that domestic workers must be paid through the Wage Protection System (WPS). This change aligns with ongoing efforts to improve transparency and uphold fair treatment across all employment sectors. What is the Wage Protection System (WPS)? The Wage Protection System is an...
In a significant move to enhance regulatory oversight and streamline business operations in Dubai, His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, on 17 March 2025 issued a new Executive Council Resolution No. (11) of 2025, regulating the operations of free zone establishments...
The UAE Federal Tax Authority (FTA) has issued an urgent reminder to businesses across the country to update their tax records before the grace period ends on March 31, 2025. This compliance requirement is part of the UAE’s ongoing efforts to enhance tax transparency, streamline regulatory processes, and ensure businesses adhere to the latest tax...
The UAE Ministry of Human Resources and Emiratisation (MOHRE) has launched 18 new interactive and informational phone services aimed at enhancing communication and support for both establishments and domestic workers in the UAE. This initiative aligns with the government’s ongoing efforts to improve accessibility, streamline services, and provide efficient customer assistance in the labor sector. ...
The Abu Dhabi Global Market (ADGM), the international financial center of the UAE’s capital, has recently completed a significant jurisdictional expansion by integrating Al Reem Island. This strategic move solidifies ADGM’s position as one of the largest international financial centers globally and underscores its commitment to fostering a robust and business-friendly environment. Expansion Overview Announced...
Bilateral trade between India and the United Arab Emirates has nearly doubled in the three years since the signing of the Comprehensive Economic Partnership Agreement (CEPA) in 2022, according to recent reports. This milestone reflects the robust economic partnership fostered by the agreement, which has streamlined trade processes and reduced tariffs. A Historic Economic Partnership ...
The United Arab Emirates has proudly secured its place among the top 10 nations in the Brand Finance Global Soft Power Index 2025, a prestigious ranking that evaluates countries based on their ability to influence international relations through culture, business, and innovation. This achievement highlights the UAE’s commitment to progressive leadership, economic resilience, and cultural...
The legal industry, once known for its traditional and conservative practices, has undergone a significant transformation. This seismic transformation over the past decade has been driven by the emergence of alternative legal service providers (ALSPs). These newer players have disrupted the traditional legal market, offering innovative solutions that cater to the evolving needs of corporate...
