Company Formation
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 […]
Madhav Vinod Krishna · 23 Aug 2024 · 4 minRead →
Debt Recovery
Unpaid invoices can present significant challenges for businesses in the UAE’s vibrant and diverse economy. Effective debt recovery is essential for maintaining financial stability and operational continuity. This comprehensive guide explores the essential strategies and legal mechanisms for recovering outstanding debts. It covers the process from initial communications with debtors to potential legal actions, helping […]
ATB Research Team · 22 Aug 2024 · 6 minRead →
Debt Recovery
What is debt recovery? Debt recovery is the process of collecting unpaid debts from individuals or businesses. It involves legal actions and negotiations to ensure that creditors receive the amounts owed to them by the debtors. What is the first step in recovering a debt? The first step is to send a formal legal demand […]
ATB Research Team · 20 Aug 2024 · 4 minRead →
Company Formation
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 […]
Kartik Shetty & Benoy P Jacob · 19 Aug 2024 · 9 minRead →
Company Formation
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 […]
Madhav Vinod Krishna · 19 Aug 2024 · 4 minRead →
ADGM
In a decisive move to enhance the UAE’s labor law regulatory framework, the government unveiled significant amendments to the Federal Decree-Law on the Regulation of Employment Relationships. As part of these changes, fines reaching up to Dh1 million have been stipulated for specific infractions. Disambiguation: This article discusses UAE Federal employment laws. For ADGM labour […]
Aparna T Nambissan · 16 Aug 2024 · 3 minRead →
ADGM
The End-of-Service Benefits (EOSB) signify a key aspect of employment legislation in the UAE, ensuring that employees receive a fair financial settlement upon the completion of their employment. This contains gratuity payments along with other entitlements that may be due to the employee. In the UAE, EOSB refers to the financial compensation owed to employees […]
Hemakshi Prabhu · 16 Aug 2024 · 4 minRead →
UAE Federal Labour Law
The UAE Labor Law provides an outline that balances the rights and obligations of both employees and employers. By understanding these rights and fulfilling their obligations, employees can confirm a fair and productive work environment, while employers can maintain compliance and additional positive workplace relations. Parties are urged to familiarize themselves with the law to […]
Hemakshi Prabhu · 14 Aug 2024 · 6 minRead →
ADGM
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 […]
Hemakshi Prabhu · 12 Aug 2024 · 8 minRead →
ADGM
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 […]
Hemakshi Prabhu · 8 Aug 2024 · 5 minRead →