Raising Start-Up Funding in the Middle East and North Africa (MENA)
Entrepreneurs in MENA, just like their counterparts in many places around the world, often face a funding gap between the seed capital they raise from friends and family at an early stage, and what banks,…
Luna the Worlds 2nd Largest Yacht Arrested in Dubai in Divorce Court Battle
A London based Russian billionaire, Mr. Farkhad Akhmedov was ordered to pay £453m to his former wife Ms. Tatiana Akhmedova, following a London divorce court battle. Mr.Akhmedov, the Oil & Gas tycoon was ordered to…
7 Things You Need To Know Before You Go Freelance In The UAE
Many expats in the UAE are hesitant about going freelance despite the attractions of being your own boss. Here, we answer the key questions about freelancing. Is freelancing permitted in the UAE? Freelancing is permitted…
Endofa could be stuck with million dollar claim in Dubai
A claim in Dubai of close to USD 1 million against Endofa will likely disappear because the bunker company is now closing its company in the desert state, says a local lawyer specialized in shipping.…
The Crypto Takeover: ICOs, Tokens and the Funding in 2018
Initial Coin Offering (ICO) is a hot topic now, sensationalised headlines about startups raising as much as US$200 million in one go created a lot of frenzy amongst curious investors and regulators worldwide. At the peak,…
European Union removes UAE from tax haven blacklist
UAE was confident of swift removal from the tax haven list in 2018. The UAE, along with seven other countries, has been removed from the European Union's list of Uncooperative Tax Havens as the country…
A Comparison: Emirates Maritime Arbitration Centre and DIFC-LCIA Arbitration Centre
Approximately 10 years after the establishment of the DIFC-LCIA Arbitration Centre (“DIFC-LCIA”), the Emirates Maritime Arbitration Centre (“EMAC”) was officially launched. Like arbitrations conducted under the auspices of the London Maritime Arbitrators Association and the…
An Overview of the Appeal Process in Dubai Court
Dubai Court was founded in the year 1970 and has come to be known as prompt and equitable in the implementation of justice. Dubai Court is an integrated unit consisting of: The Court of First…
UPDATE: FTA Releases List of Designated Zones
The Federal Tax Authority has issued Cabinet Decision no. 59 of 2017 on Designated Zones (“Cabinet Decision”) for the purposes of Federal Law no. 8 of 2017 on Value Added Tax (“VAT Law”). Art. 50…