Insight Category: News
Les Emirats Arabes Unis (EAU) ont adopté un nouveau régime fédéral d’impôt sur les sociétés (IS) avec le décret – loi No47 de 2022, entré en vigueur depuis le 1er juin 2023. On constate que les Emirats Arabes Unis ont voulu, en adoptant ce décret-loi, effectuer une réforme fiscale qui leur permettra de se rapprocher… Continue reading Aperçu de l’impôt sur les sociétés: Emirats Arabes Unis...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the introduction of the e-legislation portal during the Cabinet meeting on Monday, February 5, 2024. The UAE has launched a comprehensive legislation platform, uaelegislation.gov.ae, encompassing federal laws, decrees, bylaws, and executive decisions issued since… Continue reading Launch of comprehensive digital platform for UAE legislations...
Nature and Characteristics of Payment Orders The Payment Order, as delineated in Chapter Seven of the Law of Commercial Courts, stands as an exception to traditional litigation rules. Characterised by its rapid issuance, potentially within just ten days from the application, this order functions akin to an interim action or summary judgment. While a court’s… Continue reading Payment Orders in Saudi Arabia: An Effective Legal Mechanism for Debt Collection in a Fast-Paced Commercial World...
A recent amendment to an existing UAE law has made it easier for medical professionals to conduct an abortion if the mother’s life is in danger. In the following article, written by litigation lawyers Hadiel Hussein and Nadine Mukhtar for Khaleej Times outline how this significant change puts pregnant woman in charge of their health. … Continue reading Change in UAE law on abortion eases consent rules...
The United Arab Emirates (UAE) achieved a significant milestone on February 23, 2024, as it was removed from the Financial Action Task Force’s (FATF) “Jurisdictions under Increased Monitoring” list, commonly known as the “grey list,” where it had been listed since March 4, 2022. This decision highlights the country’s commitment to strengthening its global financial… Continue reading The UAE’s Removal from FATF Grey List: A Victory of Public-Private Partnership and Promising Economic Prospects...
The Federal Tax Authority has issued Decision No. 3 of 2024 on Feb 27, 2024, providing detailed guidelines on the tax registration timelines for Resident Juridical Persons, Non-Resident Juridical Persons, and Natural Persons. The decision follows the updates made to certain provisions of Cabinet Resolution No. (75) of 2023. The Ministry of Finance has announced… Continue reading Corporate Tax Registration Timeline...
BSA Law, a leading regional law firm headquartered in the UAE, hosted a prestigious event at their DIFC offices in collaboration with the French Ambassador to the UAE, H.E.Nicolas Niemtchinow, Institut Français in the UAE, and the French Embassy. The event, titled “Marché de l’art: les Émirats s’invitent sur l’échiquier international,” aimed to explore the… Continue reading BSA Law hosts Art Dialogue with the French Ambassador to the UAE...
BSA Law Advocate, Shamma Alkindi, a distinguished legal professional renowned for her exceptional advocacy and unwavering commitment to justice, has been recognized with the prestigious Litigator of the Year Award at the Lexis Nexis Women in Law Awards. The awards ceremony, held at the Taj Exotica, The Palm, Dubai on 4th March, 2024, celebrated the… Continue reading Shamma Alkindi Honored with Litigator of the Year Award at Lexis Nexis Women in Law Awards...
The United Arab Emirates (the “UAE”) has recently introduced Dubai Law No. (1) of 2024 on ‘the Tax of Foreign Banks Operating in the Emirate of Dubai’ (the “Law”). The Law mandates a 20% tax on the annual taxable income of all foreign banks, including those located in special development zones and free zones. However,… Continue reading Dubai’s taxation on foreign banks...
In an era where cities are moving towards digital transformation, the ruler of Dubai, HH Mohammed bin Rashid Al Maktoum, issued Decree No. 13 of 2024, representing a qualitative leap in the business environment of Dubai. The decree aims to establish a unified digital Platform for company formation, which is a revolutionary step towards facilitating… Continue reading The Unified Digital Platform for Company Formation in Dubai: A Revolutionary Strategy to Attract Investments...