24/10/2019

Setting Up a Company in the UAE

Download article as a PDF By: Suraya Turk The investment environment within the UAE has witnessed significant changes over the past year with progressive legal and administrative frameworks available to all incoming investors. There are 7 Emirates and 45 free zones, all of which offer a variety of options to foreign investors who wish to […]

23/10/2019

Debt Collection in the UAE

Download article as a PDF By: Suraya Turk A debt is a financial obligation upon a person or an organization against a received service, product, or any other liability that has a value to money. Missing a committed payment, a bounced cheque, not returning loans and unpaid medical or other service bills are will all […]

03/10/2019

The New Law and It’s Effect on Management Entities

Law No. (6) of 2019 concerning joint ownership was introduced on 4th September 2019 to consolidate all information pertaining to land ownership of jointly owned real estate units and land owned by developers in strata buildings. The law comes into effect on 18th November 2019, and provides all stakeholders six months, till 18th of May 2020 to comply with the new provisions.

03/10/2019

The New JOP Law and its Effect on Developers

Download article as a PDF New JOP Register Per Article 4, a new register shall be established by the DLD for jointly owned properties which shall contain the following: Land plots owned by the developers, on which the common properties shall be constructed; units allocated for independent ownership in the common property sold by the […]

03/10/2019

The New JOP Law and Its Effect on Owners Associations

Law No. (6) of 2019 concerning joint ownership was introduced on 4th September 2019 to consolidate all information pertaining to land ownership of jointly owned real estate units and land owned by developers in strata buildings. The law comes into effect on 18 November 2019, and provides all stakeholders six months, till 18th of May 2020 to comply with the new provisions.

20/06/2019

New DIFC Employment Law No.2

The Dubai International Financial Center (DIFC) is a well renowned international business hub which has its own independent legal and regulatory framework.

19/06/2019

The New DIFC Insolvency Law

On 30th May 2019, His His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, enacted a new DIFC Insolvency Law, Law No. 1 of 2019 for the DIFC.

12/06/2019

UAE’s New Gold Card Permanent Residency System

Under the direction of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the government of UAE had previously announced the establishment of a new visa scheme that would allow permanent residency to foreign residents.

12/06/2019

Abu Dhabi Global Markets (ADGM) On The New Crypto Asset Regulation

The ADGM has emerged as a leading international financial center in the Middle East with the implementation of a regulatory instrument on crypto currency.