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Dubai becomes world’s busiest airport Overtakes Amsterdam The Economic Development of Abu Dhabi permits for virtual license for foreign investors Welcome to the Regime of Proactive Laws in UAE On Work Permits Insurance licenses made mandatory for navigation vessels: Saudi Arabia

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How to set up a company in Dubai...

UAE has always been in favour of businesses and entrepreneurs. You may come to the country with an idea, but UAE will provide you with all facilities for you to reap the best harvest. From its ultra-modern infrastructure to a stable economy, UAE is the dreamland for every business owner. With the relaxations...

Federal Law on Combating Business...

The UAE passed a law on Combating Commercial Fraud on 12th December 2016, following its publication in the Official Gazette. This law has been in the making for a few years now and it replaces the previous law on Combating Fraud in Commercial Transactions issued in 1979. In legal terms, Commercial fraud...

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...

How to establish a Business in...

Dubai International Financial Centre( DIFC) is one of the Dubai Free Zones which provides a safe and effective platform for businesses and fiscal institutions to enter and exit the region's arising requests. DIFC's quality and range of independent regulation, law frame, probative structure, and duty-friendly...

New commercial agency law will...

UAE citizens and publicly traded enterprises with at least a 51% national capital contribution may conduct business with commercial agencies. The new commercial agency law will apply to all sectors. It will take effect on June 16, 2023, announced the UAE's Ministry of Economy. The Ministry announced...

Company's director fined AED 400,000...

A human resources consultancy firm in Dubai had to pay a Dh400,000 fine since the company's director didn't follow the necessary sponsorship regulations. The director was fined by the Naturalisation and Residency Court of Dubai for hiring seven workers who were in the country illegally. Moreover, he...

The UAE has reduced the cost of...

The UAE announced a considerable reduction in rates for 14 services as part of a continuing attempt to improve the attractiveness of its business climate, which is ranked 12th in the world for competitiveness. The Ministry of Industry and Advanced Technology (MoIAT) decreased and waived fees for 14...

The Legal Affairs Department Launches...

The Government of Dubai Legal Affairs Department, in collaboration with the ADR Center, an internationally accredited centre for qualifying mediators, launched a training program in Arabic and English for the mediation of civil and commercial disputes. The training program runs for forty training hours...

DISMISSAL OF MANAGER

Federal Decree-Law No. 32/2021 On Commercial Companies regulates the management of a company, the law states that a Manager or a member of the board of the Limited Liability Company is a pillar of the company and its most important employee.  Article 47 of the Law provides for the dismissal...

What Are The Legal Remedies To...

A company incorporated in the United Arab Emirates (UAE) that intends to permanently cease operations must do so, by following the processes outlined in the laws governing the formation and dissolution of companies. Every company in the UAE must register with the appropriate government agencies and...

Importance of Memorandum Of Association...

If you are planning to set up a company in the UAE, one of the most important documents you will need in the process of incorporation of a company is a Memorandum of Association (MOA). Here is all you need to know about the Memorandum of Association (MOA) and its importance of it. What is a Memorandum...

New change in Commercial Agency...

According to the changes proposed in the draft Commercial Agency Law, public joint-stock companies with at least 51% of national capital contribution can now be registered to act as commercial agents. While the position under the old law allowed only UAE nationals to act as commercial agents, the new...

How Can Consumer File a Complaint...

The Consumer Protection Federal Law No. 15 of 2020 repealed Federal Law No. 24 of 2006. The new law intends to protect all consumer rights, including the right to receive goods and services of a consistent quality, at the declared price. It also aims to protect the consumer's health and safety while...

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...

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...