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Advantages of Establishing Your Startup in the UAE

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The United Arab Emirates (UAE) has emerged as a hotspot for entrepreneurial ventures, characterized by a thriving startup ecosystem that has garnered attention on the global stage. The nation’s forward-thinking vision, robust government support, and strategic initiatives have fueled an environment ripe for innovation and investment, making it an attractive destination for startups. According to …

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UAE’s Strategies to Attract and Retain Global Talent

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For its global talent competitiveness, UAE has achieved international distinction and ranked 22nd on Insead’s Global Talent Competitiveness Index 2023 emerging as the highest-ranking Arab country that has ever been. It is fourth in the world in terms of attracting talent and second in external openness. Moreover, UAE’s citizens have benefited from extensive growth opportunities, …

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Enhancing Intellectual Property Rights in the UAE

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In an effort to fortify innovation and safeguard intellectual property (IP) rights, the Ministry of Economy of the United Arab Emirates (UAE) has recently introduced a range of initiatives aimed at improving the country’s IP and innovation ecosystem. In 2023, the Ministry of Economy saw a notable surge in patent activity, with 3,415 patent applications …

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Ras al Khaimah Rising: Latest Developments Revealed

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Ras Al Khaimah (RAK), the northernmost emirate of the UAE, is making significant progress and achieving groundbreaking milestones that are reshaping its landscape and boosting its global status. Unlike its more famous neighbors, Dubai and Abu Dhabi, known for their skyscrapers, luxury shopping, and vibrant nightlife, RAK is establishing itself as a leader in sustainable …

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Anti-discrimination Laws for the UAE’s labor sector

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Overview The United Arab Emirates (UAE) has established a comprehensive legal framework to combat employment discrimination and harassment, fostering a work environment that prioritizes tolerance, equality, and protection of workers. The primary legislation addressing this issue is the UAE Labor Law, Federal Decree-Law No. (33) of 2021 Regarding the Regulation of Employment Relationships and its …

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Key Provisions on the New Financial Restructuring and Bankruptcy Law

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On October 31, 2023, the United Arab Emirates (UAE) approved Federal Decree-Law No. 51 of 2023 concerning Financial Restructuring and Bankruptcy, thereby replacing Federal Decree-Law No. 9 of 2016 on Bankruptcy. It applies to companies governed by the provisions of the Commercial Companies Law, any individual operating as a trader, and licensed civil companies of …

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UAE Exits FATF ‘Gray List’

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Introduction Last Friday marked a significant development as the Financial Action Task Force (FATF) dropped UAE from its ‘gray list’. Initially added to the list in March 2022, this move prompted the UAE to undertake rigorous regulatory improvements. Following its onsite assessments, FATF released its June 2023 Enhanced Follow Up Report which reevaluated identified deficiencies. …

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Law No. (12) of 2023 On Regulation of Real Estate Development in Ras Al Khaimah

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I. Introduction On August 21, 2023, Law No. (12) of 2023 was enacted by the Ruler of Ras Al Khaimah, establishing the criteria and responsibilities governing real estate development within the Emirate. In this comprehensive guide, we will provide you with insights into Law No. (12) of 2023 and the key provisions that are essential …

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