Dubai, UAE – Dubai Law No. (1) of 2024 on Taxation of Foreign Banks has brought significant changes to the taxation landscape for foreign banks operating in the Emirate. Here’s a concise overview: Key Changes: Tax Structure: Foreign banks were previously subject to a 20% tax on their annual taxable income at the Emirate level....

Companies and individuals in the UAE have the opportunity to register their trademarks in diverse forms such as sounds, scents, geographical indication marks, and holograms. Abdulla bin Touq Al Marri, Minister of Economy, shared during the launch of the new intellectual property (IP) system in Dubai that the ministry is actively working to expand trademark...

The rapid advancement of Generative AI technology in cybersecurity necessitates governmental regulation, as its exploitation by malicious entities becomes increasingly prevalent, as per a recent report from the Aspen Institute. While acknowledging generative AI as a “technological marvel,” the report highlights the urgency for regulatory action, given the escalating frequency and severity of cyberattacks. The...

Dubai is one of the world’s fastest-growing financial hubs, and one of the critical reasons for that is the United Arab Emirates’s zero personal income tax policy. The UAE attracts people from all over the world to live and work. To avoid paying double tax and for your company to be exempt from paying tax,...

Dubai has positioned itself as a global financial centre, drawing in visionary entrepreneurs and ambitious investors to its vibrant ecosystem. The fintech industry is disrupting traditional banking and financial services. Dubai has become a focal point for fintech firms seeking a foothold in the Middle East and North Africa (MENA) region and beyond. Boasting pro-business...

Safeguarding the uniqueness of your brand, products, and services is paramount, and prevents competitors from encroaching on your exclusive rights. One effective measure to shield your brand from potential infringement by other entities in the UAE is through trademark registration. Importance of Trademark Registration in the UAE Trademark registration in the UAE assures holders exclusive...

Embarking on a business partnership in the UAE presents a unique opportunity for collaboration, innovation, and growth. Whether you aim to elevate your startup, navigate specific business regulations, or enter specific sectors, aligning with the right partner can unlock strategic advantages in the dynamic business landscape of the UAE. The UAE, renowned as a global...

Commencing a fuel trading venture in Dubai positions your company as a crucial link in the global fuel supply chain, facilitating connections between producers and consumers worldwide from a geographically strategic location for the industry. To seize the numerous opportunities within this market, an understanding of both its dynamics and regulations is crucial. The Significance...

Dubai stands as a highly lucrative hub for tourism, where there is a convergence of cultures, adventures in the vast deserts of the Middle East, and luxurious shopping experiences in areas like the old souks and many malls which host millions of visitors annually. The holiday homes market in Dubai has prospered in the wake...

The UAE has recently undergone notable shifts in its approach to addressing individual labour disputes, through Federal Decree-Law No. 20 of 2023 Amending Certain Provisions of Federal Decree-Law No. 33 of 2021 Regarding the Regulation of Employment Relationships.  The objective of this revision is to modernize the process of resolving disputes, reinforce the Ministry’s role,...