Insight Category: News
The UAE has long been recognized as a hub for innovation and entrepreneurship, attracting startups and small businesses from around the globe. However, with the recent introduction of corporate tax, which play a crucial role in shaping the business landscape, SMEs must navigate a new fiscal landscape that brings both challenges and opportunities. This article… Continue reading What tax reliefs are available to UAE SMEs?...
The United Arab Emirates (“UAE”) has long enjoyed a reputation as a tax-efficient destination for both individuals and businesses. Its strategic location, flourishing economy, and favourable tax policy have attracted expatriates from all over the world. This article explores key tax strategies for expats living in the UAE, drawing insights from the latest legislative guides… Continue reading Tax Strategies for Expats in the UAE...
In recent years, the United Arab Emirates (“UAE”) has embarked on a significant shift in its fiscal landscape by implementing a federal tax on corporations and businesses. Central to this development is the Federal Decree-Law No. 47 of 2022, known as the Corporate Tax Law. Effective from June 2023, this legislation has broad implications not… Continue reading What Does UAE Corporate Tax Law Mean For High-Net-Worth Individuals(HNWI)...
Practical Side: How It’s Done When purchasing off-plan property in the UAE, buyers must be aware of several key clauses within the Sale and Purchase Agreements (SPAs). These standard clauses, used by most developers, are vital in protecting buyers’ interests and ensuring their rights are upheld throughout the property transaction process. The key clauses related… Continue reading Off-plan property delays in UAE: Know your legal rights as a buyer...
With property prices in Dubai continuously rising, we are witnessing a growing number of cases of landlords serving eviction notices to their tenants, for the purpose of the selling the property. It is widely known that a landlord must provide the tenant with 12 months’ notice, however there is often a question over whether an… Continue reading Vacating a rented property for the purpose of sale...
Practical Side: How It’s Done When purchasing off-plan property in the UAE, buyers must be aware of several key clauses within the Sale and Purchase Agreements (SPAs). These standard clauses, used by most developers, are vital in protecting buyers’ interests and ensuring their rights are upheld throughout the property transaction process. The key clauses related… Continue reading Rights of UAE Buyers Regarding Off-Plan Property Delays...
On Thursday 23rd May, BSA proudly entered into a Strategic Partnership Agreement with Meydan Free Zone, the first law firm to do so. This strategic collaboration marks a significant milestone for both entities, poised to enhance business opportunities and legal services within the Free Zone. The partnership will facilitate streamlined access to legal services, including… Continue reading BSA enters into strategic partnership with Meydan Free Zone...
Legislative strides catapult the UAE to the vanguard of progressive economies in the Middle East. The UAE stands as the foremost destination for foreign direct investment (FDI) in the Middle East, securing its position as the top-ranking nation in West Asia and the MENA region in 2022. According to the UNCTAD report, FDI inflows surged… Continue reading UAE leads the way in attracting foreign investment...
The Emirate of Dubai is currently experiencing a period of unprecedented economic growth and prosperity. There is much interest from investors who wish to establish a presence in Dubai to take advantage not only of the economic growth but also of the first world infrastructure and stability that this Emirate provides. Prior to taking the… Continue reading A practical guide to establishment planning in the UAE...
Enforcing a non-compete can be a complex and costly affair, the experts said Several companies based in the media city freezone require their employees to sign non-compete agreements, especially for those who are in roles like advertising, PR, journalism, etc. What does a non-compete in media and internet city freezones typically involve? From a legal… Continue reading UAE non-compete clauses: Employers could face challenge of enforcement if terms unclear, experts warn...