Approaching Deadline: Amendments to Constitutional Documents of Mainland Companies

The Federal Law by Decree No. 26 2020 (“Decree Law”), issued on November 23, 2020, introduced new provisions amending various aspects of the Federal Law No.2 2015 regarding Commercial Companies (“Commercial Companies Law”). The Decree Law did not only abolish the general requirement for Emirati Majority participation but also introduced new and amended provisions for …

MoE: Register your non-financial business to anti-money laundering systems

The UAE Ministry of Economy (MoE) announced that all Designated Non-Financial Businesses and Professions (DNFBPs) must complete their registration in the following anti-money laundering systems by March 31, 2021. This is part of the UAE’s Federal Decree No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations. …

New Visa options in the UAE

The last months have witnessed significant new visa reforms in the United Arab Emirates. The coronavirus pandemic has seen an exponential rise in the number of people switching to remote work. While working from home is becoming the new normal, the United Arab Emirates have started to give the opportunity to live in one of the most beautiful and safe …

Importance of Non-Disclosure Agreements (NDA) for Startups

[vc_row][vc_column][vc_column_text]In the current times, most startups aim at implementing innovative business ideas, new technologies, and, most probably, unicity. Whereas registering, financing, and making a startup work usually imply a plethora of things to complete, one must not oversee the legalities of it. Innovation and the uniqueness of an idea represent, from a legal standpoint, a …

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