The Dubai International Financial Center (DIFC) is a well renowned international business hub which has its own independent legal and regulatory framework.
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.
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.
The Abu Dhabi Judicial Department (ADJD) has introduced the Hindi Language in the interactive forms of statement of claims filed before courts, alongside Arabic and English in labour cases. This trilingual service aims to assist foreign workers in better understanding the litigation systems and their rights and duties in concerning cases without the hindrance of a language barrier.
The long-term residence visas that were announced will officially begin issuance on February 3 per the Cabinet of the UAE. Those who are eligible for this visa include investors, outstanding students and foreign nationals with exceptional talents. The revamped visa system aims to improve UAE’s status as a country with an optimal environment that fosters businesses and special talents.