News

The United Arab Emirates has introduced long-term residence visas for different categories of residents, such as investors, entrepreneurs, specialized talents, etc.

A new saving scheme was introduced for Expat Employees of the Dubai Government after the DIFC Employee Workplace Savings was successfully implemented.

Dubai has long been on the map for foreign direct investment (FDI), now placing near the top in a post-corona investment environment.

A court for non-muslim family matters has been established in the Emirate of Abu Dhabi, giving foreigners an alternative to the nations federal law applicable to all citizens.

The Saudi Tadawul Group, the Saudi stock exchange operator planning to go public, potentially raising up to USD 1.01 billion.

Yesterday, the UAE completely overhauled commercial company ownership laws, being the most recent in a series of sweeping legal changes made in the country over the past month.

This weekend a surprise announcement came as the UAE proclaimed various legal reforms in the Emirates. Major overhauls of personal, family and inheritance law are introduced with immediate effect according to various news publications.

Dubai has launched its “virtual working programme” providing residency visa in Dubai to remote working professionals that wish to relocate and live in the Emirate.

Federal Decree Law No. 6 of 2020 (“the Decree”) was issued by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, and implemented on 25th September 2020.

Cabinet Ministers Decision No. 57 of 2020 concerning Economic Substance Requirements (“the Updated Regulations”), and the accompanying Ministerial Decision No. 100 of 2020 on the issuance of Directive for the Implementation of the Provisions of the Regulations, was published on the 2nd September 2020 repealing and replacing Cabinet Decision No. 31 of 2019.

On August 13, 2020, His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Israeli President Benjamin Netanyahu and US President Donald Trump held a telephone call resulting in a "historic diplomatic breakthrough" declared, 'The Abraham Accord'.

Navigating your business through this ‘black swan’ event will be one of the most challenging experiences a business will ever face with ramifications felt globally throughout the entire supply chain.

RAKEZ licensed industrial companies to submit their financial statements within 6 months from the end of the financial year to RAKEZ service centers.

The Federal Tax Authority (FTA) issued a decision on 14 April 2020 to allow excise tax registrants to file two separate tax returns.

In line with the Central Bank of the UAE directives, Dubai’s leading banks have joined the effort to help customers impacted by the COVID-19 by offering a comprehensive relief package.

A series of measures have now been introduced by various businesses and government authorities in the UAE; to assist and protect individuals and businesses impacted during this crisis.

The spread of Novel Coronavirus (Covid-19)has disrupted the movement and operation of bothindividuals and businesses across the globe. In this uncertain time, we have compiled the following update in order to briefly inform of the current status in theUAE’s response to the pandemic.

As the Novel Coronavirus has disrupted the world, the UAE has introduced measures to assist tenants and landlords through this period.

One Central, newly developed free zone in Dubai World Trade Center (DWTC). It is a new master planned development of premium commercial offices, hotels, residential and entertainment spaces located right next to Dubai World Trade Center.

Cyprus, a traditional citizenship haven, gained a lot of criticism and scrutiny over the years. The UAE presents an attractive alternative for international investors.