DIGITALISING LEASING IN UAE! A new initiative by the government of Sharjah can be proved to be reforming step towards digitalization in the country, especially in the real-estate sector. The authorities of Sharjah have simplified the moving-in procedures for the tenants based on a new service. This step was taken by the government during Gitex...Read More
Welcome to the BSB Legal Blog, your ultimate destination for insights and guidance on all things related to Contract Lawyers. We are your dedicated partners in deciphering the intricacies of legal contracts, providing you with the knowledge and expertise needed to make informed decisions. With BSB Legal by your side, you’ll navigate the complex world...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
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
