AMENDMENT IN TAX LAWS UAE has made changes in the value-added tax legislation. The Federal Decree-Law No. 18 of 2022 has amended the Federal Decree-Law No. 8 of 2017 concerning Value added tax rules. The new decree was issued by H.H. Sheikh Mohamed Bin Zayed AI Nahyan (President of UAE) on 26th September 2022 and...Read More
“In most cases, family businesses are stronger because of the complementary skills of their members”– Bernard Kliska ‘FAMILY COMPANIES IN UAE‘ owned businesses continue to grow and contribute to the UAE economy. These businesses are usually more stable and committedowned businesses continue to grow and contribute to the UAE economy. These businesses are usually more...Read More
First of all, what is a security deposit and when it has to be refunded? It is the amount of money received by the landlord or property management company when beginning to rent a property. It is paid by the tenant at the start of the tenancy to secure the use of property or services....Read More
The Civil Law and the Personal Status Law govern issues of inheritance in UAE. INHERITANCE IN DUBAI Both laws have the essence of Sharia principles and do not recognize the right of survivorship. According to Sharia Law, the estate of the deceased will devolve among the heirs after deducting the funeral expenses of the UAE...Read More
UAE is an investor-friendly country. Investors get high returns on their investments with no tax liability as such. The country offers 100% foreign ownership across 13 sectors, 100% repatriation and long-term renewable residence visas. UAE is a safe and desirable spot for big business houses making it a land of opportunities. The investor shall investigate...Read More
The construction market size in UAE was valued at $85.6 billion in 2021. Development in the construction market in the next few years will also boost the industrial sector, energy and transportation infrastructure. A businessman must know about the applicable laws before making investment plans in the construction sector. A ‘contractor classification license’ has to...Read More
Are you ready to pay corporate tax from June 2023 in UAE? The government of UAE has announced the implementation of tax on business activities from next year. The tax exemptions currently applicable to Free Zones may continue to be in effect. To get an insight into the UAE’s proposed corporate tax structure, read the...Read More
ARE YOU KEEPING UP WITH THE NEW LAWS RELATING TO DOMESTIC WORKERS IN UAE? UNFOLD UAE NEW ‘DOMESTIC WORKERS’ LAW UAE government intends to provide more protection and safeguards to domestic workers. Implementing new domestic workers law seems to be a step towards that direction. The legislation will cover housemaids, nannies, cooks, private tutors, home...Read More
Though marriage is an extremely pious relationship, it sometimes gets extremely bitter and adverse where the couple feels suffocated, and getting divorced appears to be a plausible decision.At this juncture, choosing a perfect divorce attorney becomes highly important considering its sensitive nature and impact on our life. A well-qualified and experienced divorce lawyer of UAE can not...Read More
With the growing urbanization and increasing standard of living, having a decent home with all the facilities has become an absolute necessity nowadays. To satiate the augmenting demands, new residential units are being constructed in the real estate sector. In the last couple of years, this sector has yielded unexpected returns and becomes a major...Read More
