The Dubai Courts has established its first inheritance department for non-Muslim residents in the UAE. It provides a comprehensive legislative framework for non-Muslim residents to prepare and administer their wills according to their own, home country laws.
The United Arab Emirates (UAE) implemented the Economic Substance Regulations (ESR) in 2019 as a part of their efforts to enhance transparency and align the UAE's tax framework with international standards.
Essentially, the UAE Employment Law grants employees 30 days of annual leave after completing one year of employment. The employee can choose to carry forward the leave or receive payment in lieu of the leave, as outlined in Article 29(8).
The UAE Ministry of Finance has announced a new cabinet decision in April exempting qualifying public benefit entities from paying corporate tax.
Dubai is without the doubt one of the most dynamic city in the world nowadays. However, one of the more unique aspects of Dubai is its “Jaywalking” rules.
UAE-based National Bonds, a Dubai government savings and investment company, has launched a Sharia-compliant savings scheme that allows clients to invest a minimum of 1,000 AED (272 USD) per month for at least three years and receive an income at the end of it.
The new 5-year multiple-entry tourist visa introduced by the UAE nowallows family groups to apply for visa together without the need for separate visa applications for each family member.
The UAE Government has issued Federal Decree Law of 47 of 2022 on taxation of corporations and businesses in December 2022 which will be effective from 1st June 2023.
The United Arab Emirates (UAE) Unemployment Insurance Scheme was launched in January 2023. The scheme is aimed at supporting individuals 3-months after losing their job to provide a cushion while finding a new job.
Uniquely situated aboard the Queen Elizabeth II,DUQE is like no other free zone in Dubai. It is a free zone that offers businesses a range of facilities and services and aims to be the home of next generation of game changers, innovators and disruptors.
