Update: UAE Corporate Tax Registration Deadlines
The Federal Tax Authority (FTA) in a recent decision, FTA Decision No. 3 of 2024 on the Registration Timeline for Corporate Tax has provided the deadlines for registration of Corporate Tax (CT). The deadlines are…
UAE Coming Out of FATF ‘Grey List’: a Milestone for Business Stability
In the realm of global finance, the United Arab Emirates (UAE) has long stood as a beacon of opportunity, drawing investors and businesses from around the world. Another sound reason to enhance this undeniable truth…
A Glance in the New Insurance Law in the UAE
In a significant development for the insurance sector, the recently published New Insurance Law on 31 October 2023, set to be enforced from 30 November 2023, marks an important moment in the regulatory landscape of…
Federal Decree Law No. 43 of 2023 regarding Maritime Law – Download your translation here
The Ministry of Energy and Infrastructure (MOEI) has unveiled the forthcoming Federal Decree-Law No. 43 of 2023 regarding Maritime Law (the “2023 Maritime Law”), slated to come into force from March 2024. This legislation marks…
A New Era for The Shipping Sector in the UAE
A New Era for The Shipping Sector in the UAE The Ministry of Energy and Infrastructure (MOEI) has unveiled the forthcoming Federal Decree Law No. 43 of 2023 regarding Maritime Law (the “2023 Maritime Law”),…
Changes made by Ministerial Decision No. 296/2023 on fines for Emiratisation related offences
In June 2023, Ministerial Decision No. 296/2023 on the Standards of Imposition of Administrative Fines According to Cabinet Decision No. 95/2022 on the Offences and Administrative Fines Related to the Initiatives and Programmes of the…
Dubai issues new Decision on Transparency of Local Sea Container Charges in Dubai
In its continuous endeavours to promote best commercial practices and fair competition in the maritime sector of the Emirate of Dubai and to increase transparency and accountability in relation to the application of Sea Container…
New High Court judgment reconfirms enforcement actions in UAE to be honored in UK, despite assets being transferred to escape creditors
In 2022, the UAE Ministry of Justice confirmed there is reciprocity between the UAE and Great Britain and Northern Ireland with regards to enforcement in judicial matters. This happened after the landmark Lenkor [1]…
Updates on Corporate Tax: incentives for small businesses, exemptions from tax and unified filings for governmental entities
Federal Decree Law No.47 of 2022 on the Taxation of Corporations and Businesses (the “Corporate Tax Law”) is, without doubt, one of the major developments in the UAE’s legislative landscape of the past years. Introducing…