Insight Category: News
This article was originally published on The National Saudi Arabia’s recent amendments to its Labour Law mark a shift toward a more structured, transparent employment environment. Set to take effect on February 18, 2025, these changes align with the Kingdom’s Vision 2030 goals, aiming for a balanced labour market that encourages fair treatment, Saudisation, and… Continue reading Saudi Arabia’s labour law amendments: What they mean for employers and employees...
Over the past ten years, Dubai’s real estate market has developed significantly, both in the residential and commercial sector. In the past two years however, there can be no doubt that the market has been booming. This boom has resulted in a significant increase in rental prices around the Emirate and that factor, along with… Continue reading Comprehensive guide to Dubai real estate fees: A decade of growth and affordable transaction costs...
The United Arab Emirates (“UAE”) has consistently demonstrated its commitment to being a leader in the regulation of virtual assets. This dedication is reflected in the establishment of several regulatory bodies active in the industry, including the Dubai Financial Services Authority (“DFSA”), the Securities and Commodities Authority (“SCA”), the Financial Services Regulatory Authority (“FSRA”), and… Continue reading UAE Virtual Assets: New tax guide clarifies cryptocurrency regulations for Free Zones...
As of September 14, 2024, the Personal Data Protection Law (“PDPL”) in Saudi Arabia is officially enforceable, indicating a new era for data privacy in the Kingdom. This pivotal moment not only solidifies the framework for protecting personal data but also presents organizations with critical questions about compliance and operational adjustments. In the wake of… Continue reading The KSA Personal Data Protection Law is in effect: Now what?...
The UAE legislative authority has recently introduced the Executive Regulations (“Regulations”) under Federal Decree-Law No. 51/2023, which governs the Financial Reorganization and Bankruptcy Law (“UAE Bankruptcy Law”). These Regulations, outlined in Cabinet Decision No. 94/2024, bring forward significant clarifications and procedural enhancements aimed at improving the management of insolvency and reorganization cases within the UAE.… Continue reading Key provisions from the latest Executive Regulations of the UAE Bankruptcy Law No. 51/2023...
Overall impact and implications: The UAE Federal Decree No. 9 of 2024 introduces significant amendments to the UAE labour law, aiming to enhance the dispute resolution process for small employment disputes and placing firmer emphasis on deterring the employers from violating the UAE labour Law by introduction of stricter fines. The relevant key changes and… Continue reading Key Amendments in UAE Federal Decree No. 9 of 2024: Boosting Labour Compliance, Worker Protections, and Dispute Resolution...
Introduction In the United Arab Emirates (UAE), the rules governing wills and inheritance differ significantly for Muslims and non-Muslims. The UAE operates a dual legal system based on Sharia law and civil law. As such the rules for inheritance and execution of wills vary depending on the religion of the deceased. Having a will is… Continue reading Wills in the UAE: General overview and recent developments...
Dubai has proven itself to be a pioneer in the field of real estate development through its innovative work in the process of selling off-plan real estate units. Such units are those that do not exist at the time of purchase but may exist in the future or are not yet completed when the contract… Continue reading Judicial clarity on the importance of the Dubai Land Department’s supervisory role during proceedings by real estate developers against defaulting buyers...
The UAE’s recent update to its Value-Added Tax (VAT) Executive Regulation under Federal Decree-Law No. 8 of 2017 introduces several significant changes that businesses across various sectors must pay attention to. This update is designed to enhance regulatory clarity, address emerging challenges in digital assets, and ensure stricter compliance. For companies operating in the UAE,… Continue reading VAT 2.0: How the UAE’s updated VAT executive regulation could impact your business?...
This article was originally published by Arabian Business The UAE’s corporate tax regime requires businesses to register with the Federal Tax Authority and assess their profits for tax liability. Ensuring full compliance with tax regulations is crucial to avoid penalties and legal disputes, especially as the tax landscape continues to evolve. 1. What are the… Continue reading UAE Corporate Tax: Key Obligations and Compliance Strategies for Businesses...