UPDATE: FTA Clarifies the VAT Treatment of Compensation Payments
The Federal Tax Authority (FTA) has recently published a clarification on VAT treatment of compensation type payments. Our Associate, Sarra Alsamarrai summarized the examples of situations where the compensation payments may or may not give rise to a "supply" for a taxable purpose.
8 Essential Issues to Consider Before Signing your Sale and Purchase Agreement – Dubai Property La
In the Dubai real estate market, whether you are a buyer or a seller, navigating the whole process may seem like a daunting task. But a proper checklist can help you ensure a smooth entry into the property market. Our Associate, Sarra Alsamarrai in the below article, highlighted the top eight considerations purchasers need to …
UPDATE: New Foreign Direct Investments Law
The game-changing UAE investment law, which is expected to change nation's business landscape by attracting increased foreign direct investments, has come into effect. In the below article, our Associate Sarra Alsamarrai highlighted the main provisions of the FDI Law as it currently stands.
Update: Ministerial Decision for Part-Time Contract Workers in the UAE
Part-time jobs are still a subject of doubt for many UAE residents. Our Associate, Sarra Alsamarrai highlighted some of the key considerations of the Ministerial Resolution which allows part-time work in the UAE to be conducted without the approval of an employee’s sponsor. Click on the link below to read the full article.
Demystifying The Financial Regulatory Landscape In The UAE
Navigating the financial regulatory landscape of a country can be daunting. The myriad of regulators and regulations can make you feel stuck in a grey area – not a comfortable place for someone who wants black and white. Our Associate, Priyasha Corrie answered some of the most commonly asked questions of the financial regulatory system …
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The New Foreign Direct Investment Law
News on the new federal law on foreign direct investment in the UAE has many people asking: Does this mean I can now form a new company with majority foreign ownership? The answer is the same as previously, "No, not yet". Read more…
ADGM Announces Tech Start-Up Licensing Regime
The Abu Dhabi Global Market (the ADGM) recently announced the launch of a commercial license specifically catered towards tech start-ups that allows entrepreneurs to obtain an operational license in the ADGM and access to a Professional Services Support Program aimed at allowing entrepreneurs entry to a community of businesses, financial services and professional advisors. Read more…
Application for an Anti-Suit Injunction: Dismissed
Legal update on the dismissal of the anti-suit injunction in the groundbreaking DIFC case of ED&F Man Capital Markets MENA Ltd v RJ O'Brien MENA Capital Ltd (and others). Read more…
New Services by Dubai Rental Disputes Centre
On 8 October, the Rental Disputes Centre in Dubai launched the Rental Good Conduct Certificate service.
Netting arrangements in Qualified Financial Contracts made enforceable
Federal Decree-Law 10 of 2018 on Netting (the Netting Law) was published in the UAE Federal Gazette on 30 September 2018 and will take effect on 30 October 2018 (the Effective Date). It is a significant development to the derivatives framework in the UAE, in terms of both the legal enforceability of such arrangements and the …
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