Leasing is considered an important aspect when it comes to the
finances for the corporations, primarily in the cases of funds for
the expensive capital equipment like the machinery, vehicular
assets, equipment, aircraft, vessels, etc. and the individual for
the financing of vehicular assets and real estates.
The UAE Federal Law Number 8 of 2018 concerning the Law on
Finance Lease (the Law) which was
active from 1 January 2019. The Law has dealt with the concerns of
introduction on a legislative base where the sector can
considerably rely on.
The Law makes provisions for the regulatory framework in order
to conduct finance lease business in the United Arab Emirates. This
Law is made applicable to all the financial lease relating to all
the assets which are movable and immovable, including real estate,
vessels, aircraft, vehicles, machinery, plants and equipment.
