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…
New Commercial Agency Law in the UAE – Key Takeaways
The commercial agency framework in UAE has been a key element of commerce. This enables foreign companies or freezone companies to distribute, offer and negotiate the sale or purchase of goods and services on its…
Foolish to fake it: risks and penalties of not following Emiratisation rules
“The UAE government policy to support Emiratisation or increased participation of UAE nationals in the private sector workforce has been around for several years now,” states Dr Laura Voda. “Other GCC states including Saudi, Oman,…
New compliance requirements in the UAE labour market in 2023
The new year has brought with it changes in the legal landscape in the UAE, especially in relation to employment and governance of labour relations. This Article deals specifically with two laws that employees and…
Changes in the UAE Tax Residency – To come into force in March 2023
Cabinet Decision No. 85 of 2022 on the Determination of the Tax Domicile (hereinafter referred to as the “Decision”) is the newest development in the tax related legislation of UAE. The Decision will come into…