Change of Options for Changing Times

[vc_row][vc_column][vc_column_text]At the start of this year, there were some significant changes impacting the Dubai Multi Commodities Centre (DMCC) legal framework. Dr Laura Voda and Ifrah George explain how the increased flexibility they provide may aid companies facing a post COVID-19 economy. WHAT’S HAPPENED AND WHY? “In recent years, growth in the Dubai Multi Commodities Centre …

What Can a Buyer Do if Faced with a Cancelled Off-Plan Real Estate Project In Dubai?

[vc_row][vc_column][vc_column_text]His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Ruler of Dubai and Prime Minister of the UAE, issued decree N⁰ (21) of 2013 on 23rd July 2013 concerning the formation of a special judicial committee for the liquidation of canceled real estate projects in the Emirate of Dubai and the settlement of relevant rights (Committee …

The ‘Economic Substance Regulations’ – a New Test for the UAE Companies. How does it apply?

[vc_row][vc_column][vc_column_text] Client update In 2019, the UAE Government issued a series of Directives and Resolutions, collectively referred to as the “Economic Substance Regulations” or the ESR. The purpose of the ESR is to curb harmful tax practices in UAE, in compliance with OECD international standards and with the guidelines issued by the European Union Code …

Few Key Changes of the New Dubai Multi Commodities Centre Authority(DMCCA) Companies Regulations 2020

[vc_row][vc_column][vc_column_text]Dubai Multi Commodities Centre (DMCC) recently announced new DMCCA Company Regulations 2020, which came into effect from 2 January 2020 to further enhance the ease of registration and operation of businesses. The new Regulations have brought in some changes in the existing company law framework, increasing by this the remit of the activities undertaken by …

Get In Touch