UAE's FTA Encourages Swift Corporate Tax Registration for June Financial Year Entities The Federal Tax Authority (FTA) is urging businesses, both in the public and private sectors, whose fiscal years span from June to May, to promptly complete their tax registration process. The corporate tax registration program was launched in June and has reportedly been [...]

UAE Cabinet Announces New Decisions on Tax Procedures, Penalties, and Exemptions The UAE Cabinet has announced new decisions pertaining to tax procedures, penalties, and exemptions, effective from August 1, 2023. The Federal Tax Authority (FTA) will impose administrative penalties on taxable individuals and legal entities who fail to comply with corporate tax law. These penalties [...]

UAE to Launch Specialized Federal Prosecutions for Economic Crimes and Money Laundering   The Federal Judicial Council, chaired by Abdullah Sultan Awwad Al Nuaimi, Minister of Justice, approves the Attorney General's proposal to establish dedicated federal prosecutions specialized in handling economic crimes and money laundering. The main focus of this project is to investigate and [...]

Dubai Government to Introduce Common Law in Free Zones Dubai's government is currently considering the implementation of Common Law in its free zones, aiming to better cater to the aspirations of investors and enhance its global competitiveness. The city's authorities are actively exploring the application of Common Law as a means to improve the business [...]

The UAE has issued Federal Decree-Law No. 41 of 2022 on Personal Status for all non-Muslim foreigners, to be applied from February 1, 2023. The new Decree-Law will introduce significant amendments to the family legislations, as it will regulate civil marriage conditions and the procedures of divorce that can be initiated jointly or unilaterally, as [...]

The UAE is one of the most attractive destinations for potential ventures, as its stable business-friendly environment makes it highly appealing to investors seeking to set up new businesses in UAE and the Middle East in general. If you are planning to set up your own business in the UAE, the first step you need [...]

  What is the Federal Decree-Law No 33 of 2021? the Federal Decree-Law No 33 of 2021 is the new decree-law issued by the UAE President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, to regulate labor relations in the private sector. The new law will repeal UAE Federal Law No. 8 of 1980 and [...]

With Federal Decree Law no. 14 of 2020 coming into effect, fundamental amendments are made to the Commercial Transactions Law promulgated by Federal Law no. 18 of 1993. The new decree law covers matters relating to commercial cheques rules, amending 7 articles of the Commercial Transactions Law and adding 9 new articles, while repealing 3 [...]