Closing a business in the United Arab Emirates requires compliance with a formal legal process. To ensure compliance, all financial and regulatory obligations must be settled, including the cancellation of licenses, visas, and permits, and formal de-registration with the relevant authorities. This guide provides a comprehensive overview of the required steps for closing a business […]
Hiring employees in the United Arab Emirates (UAE) requires careful compliance with local labor laws and regulations. Following the sweeping reforms under Federal Decree-Law No. 33 of 2021 (the “New UAE Labour Law”) – which took effect in February 2022 and replaced the 1980 labor law– employers must ensure their hiring practices align with the
Hiring in the UAE: Legal Checklist for Employers Weiterlesen »
The United Arab Emirates is actively expanding its economic landscape with the creation of new free zones designed to attract global investors and nurture a wide range of industries. With nearly 50 free zones spread across the country, the UAE continues to offer a diverse array of business activities and cost-effective setup packages. These free
What The UAE’s Newest Free Zones Offer Weiterlesen »
In 2023, the UAE revised its Commercial Agency Law (Federal Law No. 3 of 2022) to attract foreign investment and support its vision of becoming a global business hub. This new law, which came into effect on June 15, 2023, replaced Federal Law No. 18 of 1981 and seeks to modernize the regulatory framework by
Non-Muslim foreigners living in the UAE are strongly encouraged to register their wills to protect their family and assets. A will represents a person’s final wishes for asset distribution upon their death and appoints an executor responsible for managing the estate until all assets are distributed. Historically, the UAE relied on Sharia Law to manage
UAE Inheritance Law for Non-Muslims Weiterlesen »
For its global talent competitiveness, UAE has achieved international distinction and ranked 22nd on Insead’s Global Talent Competitiveness Index 2023 emerging as the highest-ranking Arab country that has ever been. It is fourth in the world in terms of attracting talent and second in external openness. Moreover, UAE’s citizens have benefited from extensive growth opportunities, also earning
UAE’s Strategies to Attract and Retain Global Talent Weiterlesen »
