The UAE Ministry of Finance has introduced Cabinet Decision No. 98 of 2024, amending the previous Cabinet of Ministers Resolution No. 57 of 2020. This amendment stipulates that the economic substance requirements no longer apply to any financial year ending after 31 December 2022. Moreover, the amendment clarifies that the Federal Tax Authority (FTA), acting as the National Assessing Authority,…
The UAE has introduced a new Federal Mental Health Law, which came into effect from May 30, 2024. This new Mental Health Law is focused on managing the treatment and protecting the rights of psychiatric patients. It also affects how employers and employees deal with mental health issues. Here are the key points: The Mental Health Law applies to people…
The best corporate compliance officers evolve from the narrow, danger-focused vision of a canary in a coalmine to the expansive, guiding perspective of a lighthouse, enabling them to identify wider angles and navigate the best routes to shore. As corporate compliance professionals, we are invited by the business to foster the courage necessary to remain outcome-focused in ambiguous situations. Being…
Dubai, UAE has recently implemented NEW requirements for Real Estate Golden Visa applicants. AS BEFORE, Real estate investors with property worth AED 2 million or more can apply for a 10-year renewable resident visa, allowing them to sponsor their spouse and unmarried children. If the property is mortgaged, a statement of account and a no objection certificate from the mortgagee…
The Writ of Debt is a legal order issued by a court to a debtor, compelling them to pay a specific amount owed to a creditor. This article explores the definition, requirements, process, and implications of the Writ of Debt as outlined in the Federal Decree-Law No. 42 of 2022 on Civil Procedures (CPL). The Writ of Debt is an…
It was a great honor for us to have been invited by Falcon and Associates to make a presentation on Establishment in Dubai to the 8th year cohorts of their program. The event was attended by 29 energetic and enthusiastic post-graduate individuals who have joined the intensive Falcon programme. Our presentation focused on the process of establishing businesses in Dubai…
On the 24th of January, we were invited to an enlightening evening organized by Ms Lotte Wagner of Liv & Lov and Mr Jens Lund, the President of the Danish Business Council. The purpose of the evening was to discuss the protection of assets concerning wills, inheritance, and estate planning. I covered the part in respect of the laws of…
Dubai has launched a new civil marriage service that enables non-Muslim couples to complete their marriage ceremonies within a day. Previously, non-Muslim couples in Dubai had to either get married in a religious ceremony or at their home country’s embassy or consulate. However, with this new service, non-Muslim couples can get their civil marriage contract in just 24 hours. The…
by Helen de Oliveira Carvalho UAE Software License Renewals – The UAE has been gearing up its intellectual property laws, by creating an environment in which research and development can flourish, and providing protection of the rights of the software and other copyright creators. To this end, the Federal Law No. 7 of 2002 on Copyrights and Neighbouring Rights has…
Client’s Testimonial12 May 2022 Webinar – Effectively Managing Assets in the UAE “We would like to share our appreciation to Cynthia Trench from Trench & Associates DMCC Legal Consultants for conducting a workshop for our employees on ‘Effective Management of Assets in the UAE’. Based on the feedback from our staff, it was extremely relevant and useful. Interactive and engaging…