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Promise Of Reward Under UAE Civil...

تعريف الوعد بالجائزة ( الجعالة): اولا : فقهيا        الوعد بجائزة هو تصرف قانوني ينشأ بإرادة منفردة، وهي إرادة الواعد الذي يعلن للجمهور عن جائزة لمن يقوم بعمل معين ، ويعرف ايضا بأنه تخصيص أجر لشخص لن يتعين إلا بتنفيذ الأداء الذي حدده الواعد،  كالإعلان عن جائزة لمن...

Procedure Of Corporate Restructuring...

The process of reorganizing a company's legal, proprietary, operational, or other structures for better commercial results is known as company restructuring. The grounds for a reorganization may be financial, technical, or organizational to reduce liabilities, improve financial performance, leverage...

Dubai’s VARA Grants Operation...

Binance, the world's largest cryptocurrency exchange, announced that it has been granted a licence to operate in Dubai. It is to be noted that the Virtual Asset Regulatory Authority (VARA) was introduced in Dubai last week. The Authority is the new regulatory body that is part of the Dubai World Trade...

Dubai Introduces ‘VARA’ for Inclusive...

The Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum has approved a first-of-its-kind law in Dubai to govern virtual assets. Virtual assets including Non-Fungible Tokens (NFTs) and cryptocurrencies now have their own independent body...

Agency Laws in the United Arab...

The major piece of legislation that controls commercial agreements in the United Arab Emirates is the Agency Law. This is the setup that allow international enterprises to distribute their products in the UAE. This law establishes the distinction between principals and agents and has also established...

A Comparative Study Between the...

To commemorate the UAE's 50th anniversary, the country has enacted a series of important legislative amendments aimed at consolidating the country's status as a global trade and economic centre. Federal Law No. 2 of 2015 or the Old Law is now repealed and replaced by the New Law, which was updated in...

UAE Leads Rankings of Global Entrepreneurship...

The UAE has been ranked first in the world by the Global Entrepreneurship Monitor (GEM) in its Global Entrepreneurship Index 2022, which was released this week. To achieve this feat, the UAE moved three spots from fourth place in last year's survey, outperforming other prominent global economies analysed...

Regulation of Mergers and Acquisitions...

Mergers and Acquisitions is a process of combining two or more companies' assets through various types of financial transactions, including tender offers, purchase of assets, and management acquisitions. Even though Mergers and Acquisition are merely a tool for business consolidation and sharing the...

How you can live in Dubai and...

Dubai has launched a new scheme that will allow people to 'live' in Dubai and work for companies anywhere in the world.  The pandemic has changed the way we live and work. Organizations have realized that many tasks can be handled remotely and perhaps more efficiently. Organizations have quickly...

Laws that Support Migration of...

The United Arab Emirates has become a desirable location for business investments. Over the last few decades, the UAE has faced tremendous financial growth and is renowned as one of the most business-friendly countries globally. The advantages available in the UAE can transform your business into a...

LLC Formation in Dubai- Laws and...

Want to start your own business? This article has got you covered! There are some specific requirements for foreign investors which have been mentioned in detail. If you are new to the country, this article will help you in figuring out how to pass the legal hurdles and other prerequisites. LLC stands...

Closure of Business in the UAE

While the commencement procedure of a business is vital for it to run smoothly, it is equally important to understand the process for the closure of a business. The process, if not managed well, may attract fines and administrative penalties. Why is it important?Company closure is given high importance...

Whistleblower Protection Law in...

"To see a wrong and not to expose it, is to become a silent partner to its continuance."  - Dr. John Raymond Baker  The term whistleblowing refers to the disclosure of certain facts (maybe confidential) as it generally exposes illegal or unethical practices in an organization. The federal...

Resolving Disputes Out of Courts...

Arbitration is a form of Alternative Dispute Resolution (ADR) where disputes can be resolved out of courts. Here the dispute is decided by the arbitrators and the decision becomes legally binding on both parties unless agreed otherwise. This process of arbitration is widely used in commercial proceedings...

Dubai’s Department of Finance...

Following the implementation of a federal corporate tax on business profits, Dubai's media office said that it will consider lowering government fees on commercial operations to further improve the emirate's economic environment. In the wake of the UAE Finance Ministry's announcement on Monday of a...

New Corporate Tax to Cement UAE's...

The UAE's Ministry of Finance has announced that the country will implement a federal company tax on business profits for financial years beginning on or after June 1, 2023. The UAE corporate tax policy has been created to reduce compliance costs for firms. With few exclusions and adjustments, corporate...