Federal Decree-Law No. 10 of 2025 on Anti-Money Laundering, and Combating the Financing of Terrorism and Proliferation Financing (the 2025 AML Law) repeals and replaces Federal Decree-Law No. 20 of 2018 (as amended). It came into force in mid-October 2025 and is expressly designed to strengthen the UAE’s AML/CFT/CPF framework and align it more closely with […]
The UAE has announced the mandatory implementation of electronic invoicing (e-invoicing) effective July 2026. This development follows recent amendments to the Value Added Tax (VAT) Law and the Tax Procedures Law and represents a significant step toward modernizing the country’s tax compliance framework. Businesses must carefully evaluate the legal and operational impact of this change
UAE E-Invoicing: Mandatory Implementation by July 2026 Weiterlesen »
Overview of EOSB End-of-Service Benefits (EOSB), commonly known as gratuity, are lump-sum payments due to employees when their employment ends. In the UAE, EOSB serves as a financial safety net to reward employees for their service and support them during career transitions. For employees, EOSB can fund future plans or cushion periods of unemployment, making
End-of-Service Benefits (EOSB) in the UAE Weiterlesen »
In a landmark move to enhance business opportunities, the Ras Al Khaimah International Corporate Centre (RAK ICC) has announced new developments under the 2024 Emiri Decree. These changes are set to empower International Business Companies (IBCs) by providing expanded operational capabilities within the Ras Al Khaimah Economic Zone (RAKEZ). RAK ICC has been authorized to
RAK ICC Introduces Free Zone Commercial Licenses Weiterlesen »
The successful hosting of the 28th meeting of the Conference of the Parties (COP) to the UNFCCC by the United Arab Emirates (UAE) represents a pivotal moment in the global effort against climate change. With nearly 200 parties and 85,000 participants in Dubai, the conference demonstrated strong global unity, yielding comprehensive and representative outcomes in the
Global Unity in Action: Key Takeaways from COP28 Weiterlesen »
Overview The United Arab Emirates is a federation of seven emirates and is one of the world’s most stable and prosperous economies. It has achieved significant economic growth over the past decade, making it a hub for international trade, finance, and investment. In 2023, the UAE is expected to remain one of the strongest economies
UAE Economic Outlook for 2023: Strong and Steady Weiterlesen »
Non-Muslim foreigners living in the UAE are strongly encouraged to register their wills to protect their family and assets. Wills or testaments represent a person’s final wishes on how they want their assets to be distributed upon their death. A will also appoints an executor or executrix who is responsible for managing the probate estate
Will registration for non-Muslim expats in the UAE Weiterlesen »
The UAE has become a business hub for investors looking for a central location for international expansion. UAE’s favorable tax structure, simple legal framework, and business-friendly atmosphere make it a popular destination for businesses and investors. The process of setting up a business in the UAE is quite easy compared to other western countries, but
Top 5 challenges of doing business in the UAE Weiterlesen »
Currently ranking 4th in the 2021 Best Countries to Invest In, the UAE is regarded as one of the world’s top investment destinations. It has a thriving international market, tax-friendly policies, and a solid social and economic framework. With excellent infrastructure facilities, exceptional human resources and services, and a focus on smart governance, it provides an
Investment opportunities in the UAE Weiterlesen »
The UAE continues to promote new priority sectors and boost its competitiveness and attractiveness so as to be among the world’s most active economies. The Ministry of Human Resources and Emiratisation (MOHRE) has announced several labour regulations since the new Federal Decree-Law No. 33 of 2021 was implemented on 2nd February 2022. Compliance must be
UAE’s latest labour regulations Weiterlesen »
