In the United Arab Emirates (UAE), Limited Liability Companies (LLCs) are regulated by the UAE Federal Law No. 2 of 2015 on Commercial Companies (the “Companies Law”), which outlines the provisions and Resolving Shareholder Disputes in UAE LLC. The Companies Law provides the legal framework for resolving disputes among shareholders, with further guidance available in...Read More
UAE Federal Government has announced a new tax structure which is expected to be implemented on 1st June 2023. This Corporate Tax will be applied to each and every Emirate. The proposed tax rate is 9% on income above AED 375,000. Small businesses and entrepreneurs are kept out of the ‘taxable income’. The global income...Read More
DOMESTIC WORKERS IN 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 nurses, gardeners etc in the country. The law comes with new offences in case of breach of...Read More
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
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
