Insight Category: News
This is also published in British Chamber of Commerce Dubai As 2024 has come to an end, the UAE has seen numerous changes to its legal provisions in the way of new laws and amendments to existing provisions. These changes have either been implemented in 2024 or became effective as of 1 January 2025. BSA Law… Continue reading UAE legal milestones 2024-2025: Key reforms and their impact on business and governance...
This was originally published in Arabian Business. 1. What are the current licensing requirements for virtual asset trading in Dubai? The licensing of virtual asset activities in Dubai is governed by the Virtual Assets Framework (“VA Framework”) introduced by the Dubai Virtual Assets Regulatory Authority (“VARA”). Under Dubai Law No. 4 of 2022 (the “Virtual… Continue reading Trading crypto in Dubai? What you need to know about the latest court ruling...
This was originally published in British Chamber of Commerce Dubai The Gulf Cooperation Council (“GCC”) countries, traditionally known for their low-tax environments, have undergone significant transformations in their tax regimes over the past years. Historically reliant on oil revenues to sustain their economies, GCC nations have maintained minimal taxation systems for decades. However, declining oil… Continue reading Evolving tax landscapes in the GCC: Key developments and strategic implications for 2025...
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...