Insight Category: Regulatory & Legal Updates
Cabinet Decision No. 34 of 2025 – Qualifying Investment Funds & Limited Partnerships Exemption Effective Date: April 1, 2025 – Applicable to Tax Periods commencing on or after the 1st of January 2025 Details: This decision sets out the detailed criteria for qualifying Investment Funds, Real Estate Investment Trusts (“REITs”), and Qualifying Limited Partnerships to… Continue reading UAE Tax Updates (April, 2025)...
There existed ambiguity in cases where a single individual was subject to conflicting judicial orders issued by different authorities—namely, a deportation order and a travel ban. A legal gap had left the question of which order is valid and should take effect unanswered. Dubai Resolution No. 1 of 2025 has now been introduced to close… Continue reading Enforcement of Deportation and Travel Ban Orders Assigned to a Newly Formed Judicial Committee...
A major update for international investors, the UAE Ministry of Finance has issued Cabinet Decision No. 35 of 2025 on the Determination of a Non-Resident Person’s Nexus in the UAE for the purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses. This new Decision replaces the earlier Cabinet Decision… Continue reading Understanding How Non-Resident Persons Create Nexus in the UAE for Corporate Tax Purposes...
Introduction The Abu Dhabi Global Market (ADGM) has recently issued the Employment Regulations 2024 (“2024 Regulations“), which will come into force on April 1, 2025. These regulations establish minimum employment standards, rights, and obligations for employees and employers within the ADGM. This article provides a comprehensive overview of the key provisions of the 2024 Regulations, focusing on… Continue reading Key Provisions of the Newly Issued ADGM Employment Regulations 2024...
The Saudi Data & AI Authority (SDAIA) has issued new guidelines to help organizations manage risks when transferring personal data outside Saudi Arabia, with a supportive tool available on SDAIA’s platform to facilitate compliance. The process involves preparing for assessments, identifying risks, applying safeguards, ensuring secure transfers, and protecting the Kingdom’s interests—all in one clear… Continue reading SDAIA releases guidelines for personal data transfer risks in KSA...
Reverse Charge Mechanism on Precious Metals and Precious Stones Cabinet Decision No. 127 of 2024Effective Date: 15 February 2025 What’s Changing: Who Should Pay Attention: Action Points: Extension of Deadlines for Tax Assessment Review Requests Federal Tax Authority Decision No. 1 of 2025Effective Date: 1 March 2025 What’s Changing: Who Should Pay Attention: Action Points:… Continue reading UAE Tax Updates (March, 2025)...
Several pivotal changes have been introduced in UAE tax regulations, significantly impacting business operations and financial planning. Below, we provide detailed summaries of the most important tax updates, offering insights into compliance and potential business impacts. These tax updates introduce key regulatory changes affecting corporate tax groups, foreign tax exemptions, excise tax on electronic products,… Continue reading UAE Tax Updates (February, 2025)...
Crime of Trading Virtual Assets (e.g., Cryptocurrencies) Without a License from the Competent Authority On November 20, 2024, BSA Law obtained a ruling in a criminal cassation from the Dubai Court of Cassation (452/2024 Criminal Cassation), overturning acontested judgment and referring the case back to the Court of Appeal to be reviewed by a different… Continue reading Dubai Court of Cassation Clarifies Licensing Requirements for Virtual Asset Trading...
Dubai is set to revolutionize its business landscape with the introduction of the “one free zone passport” scheme, allowing businesses to operate from multiple free zones through a single license. Spearheaded by the Dubai Free Zones (DFZ) Council, this initiative aims to streamline the licensing process and significantly reduce fees for businesses seeking a presence… Continue reading Dubai Launches Unified Licensing for Free Zones...
BSA TMT and FinTech partner Nadim Bardawil recently spoke with The National to clarify some legalities in relation to the UAE’s new E-Commerce Law. One of provisions of the e-commerce law is that “It provides optional jurisdictions for dispute resolution including arbitration and introduces the optional insurance coverage principle regarding obligations arising from trade through… Continue reading What you need to know about the UAE’s new E-Commerce Law...