Insight Category: News
The following article provides a useful guide to the various types of funds within the UAE. I. FREE ZONE FUNDS Foreign investors interested in creating an investment fund in the UAE can choose between two free zones the Dubai International Financial Centre (the “DIFC”) located in the Emirate of Dubai and regulated by the Dubai Financial… Continue reading Types of funds in the UAE...
The UAE’s Crypto Industry’s Exponential Growth Leading to an Increase of Cryptocurrency-Related Scams: How to Detect and Avoid them It has become increasingly clear that the UAE has recognized the tremendous potential of cryptocurrency and blockchain technologies and is set to become a hyper-connected city and an ever-evolving business hub. One of the consequences of… Continue reading The rise of crypto scams in the UAE and how to secure your crypto transactions...
The ongoing legal battles surrounding the NMC Healthcare, the largest private healthcare provider in the United Arab Emirates (UAE), has been a big learning curve for how businesses manage their financial records and how banks carry out due diligence, while the eventual outcome will put in place an important set of new legal precedents, BSA… Continue reading NMC scandal is watershed moment for UAE businesses...
An overview of the Federal Narcotics and Psychotropic Substances Control Law Promulgated by Federal Decree-Law No. 30 of 2021. Recently the law regarding narcotic drugs and psychotropic substances has been updated, this is in light of legislative developments pursued by the UAE legislator in developing several laws within the country. There have been misinterpretations made… Continue reading The Federal Narcotics and Psychotropic Substances Control Law and deportation...
On the back of Electric Vehicle Innovation Summit (EVIS), the Abu Dhabi Department of Energy (DoE) announced on Wednesday May 25th the introduction of a new regulatory policy for Electric Vehicle (EV) charging infrastructure in the emirate. This is a substantial step forward towards the goal of meeting the UAE’s ‘Net-Zero by 2050’ strategic initiative… Continue reading The Greener Future of EVs...
On Thursday May 26th, BSA Ahmad Bin Hezeem & Associates (BSA), in partnership with United Insurance Brokers (UIB), hosted a workshop on ‘Mitigating Risks and Increasing Returns in M&A: How Insurance Provides Both’. Held in BSA’s award-winning DIFC offices, the event was delivered in two parts, the first being an interactive panel discussion, where Simon… Continue reading BSA event: Mitigating Risks and Increasing Returns in M&A...
On 24 May 2022 his Excellency Dr Abdulrahman Abdulmannan Al Anwar, the Minister of Human Resources announced Cabinet Resolution No 18 of 2022 (“the Resolution”), which is effective from 1 June 2022. The announcement incentivizes private companies to comply with the terms of Federal Decree Law No 33/2021, all executive regulations and decisions issued by… Continue reading The UAE’s new classification for private companies...
More than ever, crypto-investors in UAE need awareness and defense against scams. Michael Kortbawi speaks to Gulf News on how to avoid crypto-scams. It has become clear that the UAE has recognised the tremendous potential of cryptocurrency and blockchain technologies, and is set to be a hyper-connected city as well as an ever-evolving business hub.… Continue reading UAE empowers crypto investors in fight against scammers...
Finding the perfect home is one of the most important decisions for anyone, but so is having the right landlord. So, if you want to find out whether there are any active or past rental cases against him or her, you can do so by requesting for a Rental Good Conduct (RGC) Certificate from the… Continue reading Rental Good Conduct Certificate: What you need to know...
Employee welfare and rights have always been a top priority for UAE legislators. This has been the case since the implementation of the UAE Labour Law, which has seen several amendments and finally a repeal. Specifically, legislators have consistently ensured that the employees’ entitlements and benefits sought from the employer, take priority over other creditors… Continue reading Employees face the possibility of losing priority over their entitlements...