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…
As the UAE continues to establish itself as an ideal hub for business, the need for reliable legal services continues to grow exponentially. With an increasing number of international companies setting up their operations in…
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…
Key Changes Summary: On August 28, 2020, a new Cabinet Resolution came into effect, to regulate the procedures of a real beneficiary for corporate entities. Cabinet Resolution no. 58 of 2020 (the “UBO Resolution”) replaces…
On 10 August 2020, The Cabinet of Ministers Issued Resolution No.57/2020 concerning Economic Substance Regulations (‘’Resolution 57’’). Resolution 57 amends and repeals the Cabinet of Ministers Resolution No. 31/2019, Cabinet Ministers Resolution No. 58/2019, and…
Throughout the United Arab Emirates (UAE), a collective frustration existed with insolvencies due to the time-consuming nature and significantly low recovery rates, which stemmed from outmoded insolvency laws under Book 5, Article 645-900 of Federal…
Introduction The two most prevalent routes that have been undertaken for liquidating a company are either ‘voluntary winding up’ specified under the Federal Law No. 2 of 2015 -The Commercial Company law (the “Companies Law”)…
Free Live Webinar UAE has become a preferred hub for fintech entrepreneurs and investors, it is more than merely a buzzword and continues to grow importance as it offers vast business opportunities and competitive advantages.…
Free Live Webinar As the Coronavirus outbreak continues to affect the real estate market in the UAE, the quantum of the impact in this industry will depend on how long the economy takes to get…
