News
Wooing corporates: KSA’s tax strategy to lure companies into shifting regional HQ to Saudi The Background Competition is intensifying between Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE), two of the biggest economies of the GCC, to become economic superpowers. KSA, the world’s largest oil exporter, has been actively pursuing bold […]
Ajay Denny · 15 Dec 2023 · 3 minRead →
ADGM
Free Zones in the UAE (United Arab Emirates) has been a key factor showcasing the country as a global business hub, attracting investors and entrepreneurs from around the world. One of the key factors contributing to this success is the establishment of Free Zones, which serve as specialized economic zones offering a range of benefits […]
Reshma Rose Jacob & Aparna T Nambissan · 12 Dec 2023 · 13 minRead →
Corporate and Commercial
In a significant development for businesses operating in the UAE, the landscape of UAE corporate tax is undergoing a transformative shift. The latest developments, encapsulated in Cabinet Decision No. 100 of 2023 and Ministerial Decision No. (265) of 2023 have replaced the erstwhile Cabinet Decision No. 55 of 2023 bringing about critical adjustments to the […]
Ajay Denny · 8 Dec 2023 · 2 minRead →
Intellectual Property
New patent fees tailored specifically for small and medium businesses (SMEs). Reinstates fees for services such as annuities and change of representation. Amended fee structure for enhanced Industrial Property Rights regulation takes effect by January 15, 2024. With the introduction of new patent fees and reinstating certain abolished fees, the United Arab Emirates (UAE) […]
Saniya Mariam Thomas · 1 Dec 2023 · 4 minRead →
Labour Law
Participation in the alternative end-of-service benefits Scheme is optional for employers. They can adhere to labour law provisions that align with their business needs. SCA will issue licenses to investment service providers or fund managers. Regulatory authorities across the UAE will oversee the implementation.
Amy Denny · 16 Nov 2023 · 8 minRead →
Compliance in the UAE
The UAE Labour Law amendment has brought in a transformative development. We explore the implications for employers and employees in the UAE, with the introduction of Federal Decree-Law No. 20/2023 on 13/09/2023.
Reshma Rose Jacob · 16 Nov 2023 · 9 minRead →
Corporate and Commercial
Regulation of Competition is a robust legal framework crafted to encourage fair competition and deter monopoly. It’s poised to shape a fair, dynamic, and resilient business landscape in the UAE. Demonstrates the government’s commitment to fostering a level playing field and promoting innovation. The United Arab Emirates has recently implemented a substantial legal framework to […]
Saniya Mariam Thomas · 14 Nov 2023 · 4 minRead →
Debt Recovery
Arrest Threat for Payment Defaulters Eased in Landmark Judgment by The Dubai Court of Cassation
Jerome Jose · 13 Nov 2023 · 5 minRead →
ADGM
Al Reem Island Becomes Part of ADGM (Abu Dhabi Global Market). Expands ADGM’s jurisdiction to Al Reem island in addition to Al Maryah island. With 1438 hectares, ADGM becomes one of the largest concentrated Financial Districts in the world.
Aparna T Nambissan · 12 Nov 2023 · 6 minRead →
Arbitration
As long as the arbitration agreement remains valid, national and state courts will not have jurisdiction to entertain claims arising from contracts that contain an embedded arbitration clause. The Court also clarified that non-payment of arbitration costs does not result in waiving the arbitration agreement, thus entitling either party to resubmit the claim with the DIAC.
Jose Joseph · 10 Nov 2023 · 5 minRead →