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 …
Enhancing Intellectual Property Rights in the UAE Read More »
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 …
Key Provisions on the New Financial Restructuring and Bankruptcy Law Read More »
On 9 December 2022, Federal Decree-Law No. 47 of 2022 was issued on the Taxation of Corporations and Businesses (the “Corporate Tax Law”). While we expect that other taxes and higher rates will follow in the future, at least for the time being, the UAE will maintain the greater part of its tax-free regime, including …
Opening a business bank account is one of the most important tasks in starting a business in the UAE. In the Emirates, you can open a bank account for mainland, free zone, or offshore companies. For corporates as well as individuals and private sector businesses, having a UAE bank account offers numerous benefits. With a …
Purchasing property in the United Arab Emirates is a great way to invest in the country’s real estate market, whether you’re looking to buy, rent, or develop a property. With a number of opportunities available in both the residential and commercial sectors, there is something to suit every need and budget. The UAE has a …
Investing in Real Estate in the UAE: What you need to know before making a move Read More »