Alsuwaidi & Company

Corporate & Commercial

Abu Dhabi to allow 100% foreign ownership of professional companies

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Dubai International Financial Centre (DIFC) has enacted new Intellectual Property Regulations with effect from 5 July 2021 under DIFC Law No. 4 of 2019 (IP Law). The new regulations will enable DIFC to increase innovation by identifying and protecting IP rights, important to technology and start-up companies.  Moreover, these regulations allow Commissioner of Intellectual Property …

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A&C Legal Guides – Guide to Litigation & Arbitration in the UAE Part 3

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The final and third part of the A&C Legal Guide on Litigation & Arbitration to the UAE focuses on Arbitration. The A&C Legal Guide on Litigation & Arbitration to the UAE was written with the purposes of demystifying dispute resolution in the UAE for those on the ground in the UAE, and those based internationally …

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UAE Companies Law to Allow 100% Foreign Ownership in UAE

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Foreign nationals can now own 100% of companies within the onshore jurisdiction of the UAE, which previously required 51% Emirati ownership to do business outside of UAE free zones. This remarkable development is expected to further enhance the UAE’s position as the Gulf’s premier business hub and a stronger magnet for foreign capital and investment. …

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Have you filed your Economic Substance Regulation notification

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Have you filed your Economic Substance Regulation notification? All Licensees in the UAE must “notify” by the 30th June deadline and certain businesses engaged in “relevant activities” must further report. PURPOSE The purpose of the Regulations is to ensure that UAE entities that undertake certain activities are not used to artificially attract profits that are …

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Business integrity in the time of pandemic: what can businesses in the UAE do to protect their people and business

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Business integrity in the time of pandemic: what can businesses in the UAE do to protect their people and business? During these uniquely challenging times, businesses are poised to react to sudden changes in the market. As businesses navigate through new waters, it is best to seek guidance from the authorities and methodically deal with …

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