Rita ‏ Kaufmann | Strohal Legal Consultants

The Rise of the UAE Gaming Sector: A Booming Market

Introduction The UAE’s gaming industry is witnessing unprecedented growth, reflecting global trends and asserting its position as a regional hub for gamers, developers and investors. With market revenues surpassing USD 1 billion (2023), the country’s gaming sector is thriving, fueled by cutting-edge technological advancements, robust government initiatives, and a youthful, tech-savvy population.. This article delves

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The DIFC Digital Assets Will

Allgemein / Rita ‏ Kaufmann

Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) region, has once again demonstrated its commitment to innovation and adaptability in the financial sector. After the introduction of the Digital Assets Law earlier this year — the world’s first comprehensive legal framework for digital assets

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Commercial Gaming in the UAE: Key Highlights

Allgemein / Rita ‏ Kaufmann

I. Introduction The UAE’s economic potential is pushing boundaries as it moves closer to fully opening its doors to commercial gaming. The country is known for its rapid economic growth, and integrating gaming into its economy could offer new avenues for development and diversification. The catalyst for the UAE’s move towards the eventual approval of

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Enhancing Intellectual Property Rights in the UAE

Allgemein / Rita ‏ Kaufmann

In an effort to fortify innovation and safeguard intellectual property (IP) rights, the Ministry of Economy of the United Arab Emirates (UAE) has recently introduced a range of initiatives aimed at improving the country’s IP and innovation ecosystem. In 2023, the Ministry of Economy saw a notable surge in patent activity, with 3,415 patent applications

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Key Provisions on the New Financial Restructuring and Bankruptcy Law

Allgemein / Rita ‏ Kaufmann

On October 31, 2023, the United Arab Emirates (UAE) approved Federal Decree-Law No. 51 of 2023 concerning Financial Restructuring and Bankruptcy, thereby replacing Federal Decree-Law No. 9 of 2016 on Bankruptcy. It applies to companies governed by the provisions of the Commercial Companies Law, any individual operating as a trader, and licensed civil companies of a professional

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The New UAE Corporate Tax Law

Allgemein / Rita ‏ Kaufmann

On 9 December 2022, Federal Decree-Law No. 47 of 2022 was issued on the Taxation of Corporations and Businesses (the “Corporate Tax Law”). While we expect that other taxes and higher rates will follow in the future, at least for the time being, the UAE will maintain the greater part of its tax-free regime, including

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Investing in Real Estate in the UAE: What you need to know before making a move

Allgemein / Rita ‏ Kaufmann

Purchasing property in the United Arab Emirates is a great way to invest in the country’s real estate market, whether you’re looking to buy, rent, or develop a property. With a number of opportunities available in both the residential and commercial sectors, there is something to suit every need and budget. The UAE has a

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Autorenname: Rita ‏ Kaufmann

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