Tax on Foreign Banks Operating in the Emirate of Dubai
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of the Emirate of Dubai issued Law No. 1 of 2024 regarding Tax on Foreign Banks Operating in the Emirate of Dubai (“Law”).
Key to Preventing Cargo Fraud: The Power of Shipping Policies
Shipping Policies When it comes to shipping goods across international borders, there are a number of checks and balances in place to ensure that the cargo is delivered to the correct recipient.
Enhancing Local Legislative Governance: Abu Dhabi Executive Office Circular No. (1) of 2024
In a recent development aimed at shaping and developing the efficiency and governance of legislative processes in the Emirate of Abu Dhabi and preserving public interests ,
Conclusive Criminal Judgments Issued by Supreme Courts May be Retracted
The Commission for Unification of Federal and Local Judicial Principles at the Union Supreme Court in Abu Dhabi “Commission” , in its open hearing held on 21 December 2023,
Regulation of Credit Data and Open Banking in UAE
The UAE has attracted much attention from fintech companies engaged in credit data and credit scoring services.
Federal Law No 10/23: Enhancing Mental Health Patient Rights and Supervision of Facilities
Federal Law No (10) of 2023 on Mental Health (‘FD 10/23’) updates and improves the Mental Health Law which has been on the statute books since 1981.
General Guide in Private Mergers & Acquisitions in UAE
During the first half of 2023, the United Arab Emirates emerged as the leader in mergers and acquisitions (M&A) activity across the Middle East and North Africa region.
Examining Counterfeit Trademarks from a Criminal Law Perspective
Introduction: Counterfeit goods have become a global concern, with estimated annual sales ranging from USD 1.7 trillion to USD 5.4 trillion. To combat these issues,
Leave entitlements under the UAE Labour Law
The Federal Decree-Law No. 33/2021 on the Regulation of Labour Relations (“Labour Law”) and Cabinet Decision No. 1/2022 on the Implementing Regulation of Federal Decree-Law No. 33/2021 on the Regulation of Labour Relations (“Labour Regulation”) lay down the different leaves that employees in the UAE are entitled to.
UAE Introduces Corporate Tax Relief to Support Small Businesses.
The United Arab Emirates will soon be introducing Corporate Tax, effective for financial years starting on or after 1 June 2023, applicable on the net profit of companies or other businesses in accordance with Federal Law No.47 of 2022 on Taxation of Corporations and Businesses. This move aligns the UAE with other countries implementing Corporate …
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