Explained: Does corporate tax apply to freelancers?
‘Corporate Tax’ can better be understood as a form of direct tax levied on the net income or profit of a corporation or business entity. It is also commonly referred to as ‘business profit tax’ or ‘corporate income tax’. The United Arab Emirates has now introduced, for the first time, federal corporate tax in the …
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What are the updates on penalties and jail time for money laundering offenders?
The United Arab Emirates remains committed to instituting anti-money laundering practices in the country and thereby imposing strict penalties to offenders in money laundering cases. The extent of the penalties being imposed generally includes imprisonment and fines equivalent to the misappropriated amount. In its recent verdicts, the UAE courts have set heavy penalties to the …
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What are the new updates in health protocols in the UAE?
Covid-19, the new strain of coronavirus has undoubtedly created a world epidemic, and its effects are still being grappled with globally. Pandemic outbreaks have occurred before on numerous occasions, and they have had a crippling effect on the world economy. However, never before the world has collectively experienced such a bottleneck effect on international trade …
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What are the legalities of hiring a domestic worker in the UAE?
Even though the domestic workers are not governed by the UAE labour law, there exists a distinct and special law to govern their employment. Namely, the Federal Law No. 10 of 2017 on domestic workers governs the recruitment and employment of domestic workers in the UAE. Pursuant to the said law, ‘domestic work’, is defined …
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What are the fines and punishments for forging Covid -19 PCR results in the UAE?
In response to the Covid-19 pandemic, the public authorities in the UAE have taken proactive and adequate measures to ensure the safety and wellbeing of its citizens, residents and visitors. The UAE currently leads the world nations in the number of Covid-19 vaccines administered, with 93% of its population being vaccinated and 82 % being …
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New President-Elect’s Labor Policy Outlook
On 9 March 2022, Suk-Yeol Yoon was elected as the 20th president of the Republic of Korea. As one of the central components of his campaign platform, the president-elect advocated various policy changes and reforms that could have significant impacts on the employment and labor laws in Korea.
The legal status of digital nomads in Romania
On January 17, 2022, Romanian Law no. 22/2022 entered into force for amending and supplementing the Emergency Ordinance no. 194/2002 regarding the status of foreigners in Romania, a regulation that outlines the legal status of the concept of digital nomads in Romania. This regulation represents a considerable legal novelty given the changes of work conditions in …
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What Would A User Generated Content Platform Provider Need To Know When Entering Turkish Market?
Authors: Gönenç Gürkaynak Esq., Ceren Yıldız, Batuhan Aytaç and Gamze Yalçın, ELIG Gürkaynak Attorneys-at-Law
HEADQUARTERING AND BUSINESS RELOCATION TO CYPRUS
INTRODUCTION By now everybody knows that Cyprus belongs to the EU, about our unrivalled sunny days and our strategic location. This is old news. Why bring Cyprus back on the Headquartering map? Does Cyprus have something new to offer to businesses and individuals that wish to relocate their businesses to Cyprus?