Ensuring compliance with the Wage Protection System (WPS) in the UAE as several companies have recently been suspended with the MOHRE system due to non-compliance.
The Wage Protection System (WPS) is an electronic salary transfer system... more
The Blog
Following Cabinet Resolution No. 58 of 2020 on the Regulation of Procedures Related to Real Beneficiaries, the formal roll-out of standard disclosure requirements for UAE corporate entities is now well underway. The changes saw the introduc... more
On 27 September 2020 the UAE enacted Federal Decree Law No. 26 of 2020 (Amendment Law) amending Federal Law No. 2 of 2015 regarding Commercial Companies (CCL). The Amendment Law came into effect on 02 January 2021, except for the provisions... more
The deadline for the annual Economic Substance notification filings for financial year 31 December 2020, is no later than 30 June 2021.
These are annual filings under the UAE Economic Substance Regulations (Regulations) enacted through C... more
On 24 May 2021, the Dubai Department of Economy (DED) published an important update on the application of the 100% foreign ownership rules which will be effective from 01 June 2021.
Briefly the updates announced are as follows:
100%... more
On 22 May 2021, the Abu Dhabi Department of Economic Development (DED) published a list of 1,105 commercial and industrial business activities that will be eligible for 100% foreign ownership pursuant to the Commercial Companies Law No 2 ... more
Why and how to set up a company in the UAE
The United Arab Emirates (UAE) is widely regarded as an attractive and growing market. Many companies use the UAE as a hub to base their business due to the strong economy, infrastructure, logis... more
Update on UAE Economic Substance Regulations – the changes and what these mean for your organisation
Update on UAE Economic Substance Regulations – the changes and what these mean for your organisation
Legislative Changes
The UAE Economic Substance Regulations (ESR) introduced on 30 April 2019 under Ministerial Resolution... more
Businesses often think about outsourcing purely in terms of cost savings, but outsourcing can do more than just lower expenses. As your business grows, outsourcing can be a way to promote innovation, disrupt your industry, and access new sk... more
The UAE Cabinet has approved various amendments to decisions related to the Federal Authority for Identity and Citizenship. These changes include the reactivation of fees and fines for UAE visa services.
The UAE Cabinet announced that a ... more