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