The UAE Cabinet approved the executive regulations of the Federal Decree-Law on Entry and Residence of Foreigners last month, increasing the attractivity of the UAE to live, work and invest in. The Golden Residence Scheme was initially approved in 2020 creating a 10-year renewable residency visa for select groups to attract skilled workers and entrepreneurs …
Anti money laundering (AML) and Know Your Client (KYC) provisions can be tricky to understand. Our latest Alsuwaidi & Company legal guide aims to help provide some clarity in this area. For further information on this and how we can work with you to ensure your organisation is compliant, please get in touch with the …
Anti money laundering (AML) and Know Your Client (KYC) Read More »
The UAE recently updated it labour laws and such will come into effect on 2nd February 2022. Further to receiving queries from our clients about these updates, we have put together a short overview outlining some of the new laws and suggestions on what your company should do to stay compliant and avoid the hefty fines. Read …
The UAE recently updated it labour laws and such will come into effect on 2nd February 2022. Further to receiving queries from our clients about these updates, we have put together a short overview outlining some of the new laws and suggestions on what your company should do to stay compliant and avoid the hefty fines. Read …
The UAE has updated its labour laws. What are these updates and what should you do? Read More »
A new chapter has arrived with arbitration in Dubai being under the umbrella of DIAC with DIFC-LCI continuing as a division of DIAC with its own rules and case officers. This will make the process of arbitration more streamlined and allow users to have a real choice in the arbitration procedures and rules to be …
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 …
Abu Dhabi to allow 100% foreign ownership of professional companies Read More »
As a UAE firm, with over 23 yeas experience in helping clients navigate the legal landscape, we are well versed in assisting foreign investors establishing their presence and business in the UAE – both onshore and free zones. We have significant expertise working with investors in joint ventures, mergers and acquisitions in the Gulf. We …
Dubai International Financial Centre (DIFC) has just announced its first successful cross-border merger under the DIFC’s Companies Law. The DIFC Companies Law allows mergers between both private and public companies established in the DIFC and companies established in jurisdictions outside of the DIFC. This is a huge step forward that allows the DIFC to attract …
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. …
UAE Companies Law to Allow 100% Foreign Ownership in UAE Read More »
Introduction Over the past 14 years, Dubai has embraced both civil and common law legal systems within its borders. In order to understand the concepts involved I have set out below the fundamentals of each system ending with a comparative look at the two systems as they are currently in use at this time. Dubai …