A holding company is a legal entity that owns the assets or shares of other companies without engaging in operational activities itself. It serves to manage its subsidiaries and shield its shareholders from liabilities related to the subsidiaries. How holding companies work in UAE In the UAE, holding companies operate within the country’s business regulations....

Companies and individuals in the UAE have the opportunity to register their trademarks in diverse forms such as sounds, scents, geographical indication marks, and holograms. Abdulla bin Touq Al Marri, Minister of Economy, shared during the launch of the new intellectual property (IP) system in Dubai that the ministry is actively working to expand trademark...

The rapid advancement of Generative AI technology in cybersecurity necessitates governmental regulation, as its exploitation by malicious entities becomes increasingly prevalent, as per a recent report from the Aspen Institute. While acknowledging generative AI as a “technological marvel,” the report highlights the urgency for regulatory action, given the escalating frequency and severity of cyberattacks. The...

Dubai is one of the world’s fastest-growing financial hubs, and one of the critical reasons for that is the United Arab Emirates’s zero personal income tax policy. The UAE attracts people from all over the world to live and work. To avoid paying double tax and for your company to be exempt from paying tax,...

Dubai has positioned itself as a global financial centre, drawing in visionary entrepreneurs and ambitious investors to its vibrant ecosystem. The fintech industry is disrupting traditional banking and financial services. Dubai has become a focal point for fintech firms seeking a foothold in the Middle East and North Africa (MENA) region and beyond. Boasting pro-business...

On September 25, 2023, the President of the United Arab Emirates (“UAE”), issued Federal Decree-Law No. 31 of 2023, ushering in a new era for trusts by repealing the previous law, No. 19 of 2020. This momentous legal development, published in the official gazette, is now in effect, reshaping the regulatory landscape for trusts in...

In a significant development, the UAE Cabinet has unveiled Cabinet Resolution No. (96) of 2023 and Ministerial Resolution No. 668 of 2023, introducing an innovative voluntary end-of-service system for private sector employers and employees in the UAE. This alternative, referred to as the “Scheme,” is applicable to entities within free zones as well. The Scheme...

Introduction The Kingdom of Saudi Arabia stands as the largest economy in the Middle East, historically fueled by oil production with oil revenue dominating export earnings. KSA with the highest level of safe and secure business climate and political stability offers low energy cost and 100% foreign ownership in retail and wholesale sectors as a...

The recently enacted Competition Law No. 36 of 2023 represents more than a mere amendment; it constitutes a comprehensive overhaul and reenactment of the 2012 law. The competition laws and regulations in the UAE are designed to encourage and protect competition while curbing anticompetitive practices. They work towards limiting restrictive business behaviours and ensuring fair...

Safeguarding the uniqueness of your brand, products, and services is paramount, and prevents competitors from encroaching on your exclusive rights. One effective measure to shield your brand from potential infringement by other entities in the UAE is through trademark registration. Importance of Trademark Registration in the UAE Trademark registration in the UAE assures holders exclusive...

Embarking on a business partnership in the UAE presents a unique opportunity for collaboration, innovation, and growth. Whether you aim to elevate your startup, navigate specific business regulations, or enter specific sectors, aligning with the right partner can unlock strategic advantages in the dynamic business landscape of the UAE. The UAE, renowned as a global...

Commencing a fuel trading venture in Dubai positions your company as a crucial link in the global fuel supply chain, facilitating connections between producers and consumers worldwide from a geographically strategic location for the industry. To seize the numerous opportunities within this market, an understanding of both its dynamics and regulations is crucial. The Significance...