Insight Category: News
This is originally published in International Comparative Legal Guides (ICLG) 1 Overview 1.1 Please briefly describe the: (a) telecoms, including internet; and (b) audio-visual media distribution sectors in your jurisdiction, in particular by reference to each sector’s: (i) annual revenue; and (ii) 3–5 most significant market participants. As of 2025, Saudi Arabia’s telecommunications and audio-visual… Continue reading KSA: Telecoms, media and internet 2025 – ICLG 18th edition...
The Dubai International Financial Centre (“DIFC”) has announced pivotal amendments to its civil and commercial laws, including the Application Law, which governs the interpretation and application of its legal framework. These changes, effective from November 21, 2024, aim to provide legal clarity and reinforce the DIFC’s position as a leading international common law jurisdiction. Strengthening… Continue reading DIFC Announces Amendments to Civil and Commercial Laws to Enhance Legal Clarity and Business Appeal...
This was originally published in Arabian Business The United Arab Emirates (UAE) VAT Executive Regulations have been amended, with changes effective from 15 November 2024. These updates bring significant implications for businesses across industries, with a particularly notable impact on the financial services sector. This update is designed to enhance regulatory clarity, address emerging challenges… Continue reading Major changes to UAE’s VAT rules impact fund managers and virtual asset traders – All you need to know...
The recent key forums, Africa Energy Forum, invest in Africa Energy Forum, World Energy Forum and Green Hydrogen Mena and the UAE-Africa Debate, greatly highlighted amongst other key topics; the fact that transitioning to renewable energy is a complex process that comes with several significant challenges. This sits against the backdrop of the need to… Continue reading The renewable energy transition and Its inherent challenges coupled with the role of the UAE in this sector...
The connection between Kuwait’s proposed tax amendments, including the introduction of a 15% corporate tax rate effective from 1 January 2025, and broader global tax developments may not seem direct at first glance. However, both are deeply intertwined with efforts to align with international tax standards set by the Organisation for Economic Co-operation and Development… Continue reading Kuwait and UAE Corporate Tax Amendments: Aligning with International Standards...
The UAE is currently experiencing significant growth and shows little signs of slowing for 2025. To ensure that the growth does not slow and that the infrastructure keeps up accordingly, the UAE is making several changes for the year 2025. These changes include, but are not limited to, the update of traffic laws, sewage systems,… Continue reading UAE 2025: Infrastructure Enhancements and Mandatory Boardroom Gender Diversity for Private Joint-Stock Companies...
As 2024 comes to an end, the UAE continues to lead the way in innovation, sustainability, and progress. This year’s accomplishments have not only transformed the nation but also created opportunities and benefits that extend to everyone who lives and works within its borders, as well as its partners and collaborators worldwide. These achievements demonstrate… Continue reading The UAE’s Remarkable Achievements in 2024: Progress for All...
This article is originally published in Thomson Reuters A Practical note addressing the legal and practical considerations in the mainland of the United Arab Emirates for a company director where that company is in financial distress and may subsequently enter insolvency proceedings. This note also outlines the types of claims that an official appointed to… Continue reading UAE: Risks for transactions and directors in financially distressed businesses...
This guide is originally published in LexisNexis Middle East 1. What is the main law covering Corporation Tax in this jurisdiction? The primary law governing Corporation Tax in the UAE is Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses. This law, issued on October 3, 2022, represents a major policy… Continue reading UAE Corporate Tax Q&A...
The UAE has introduced substantial amendments to its Economic Substance Regulations (ESR) through Cabinet Decision No. 98 of 2024. This update modifies earlier ESR provisions, aligning them with international standards and reducing the regulatory burden on UAE-based companies. Key Changes Impact on Corporate Tax ComplianceThese amendments to the ESR are introduced alongside the UAE’s corporate… Continue reading UAE implements major changes to economic substance regulations...