Cryptocurrencies, also known as digital currencies, represent a transformative shift in global finance. These virtual assets use encryption technologies to function as both a medium of exchange and a digital accounting system. Over the past few years, the popularity of cryptocurrencies such as Bitcoin and Ethereum has surged, and the United Arab Emirates (UAE) has...

The United Arab Emirates (UAE) has actively positioned itself as a global hub for foreign investment by enacting progressive reforms and offering a favourable regulatory environment. Its policies and legal framework are designed to attract international investors while maintaining national interests in certain strategic sectors. A Multi-Jurisdictional Landscape The UAE comprises multiple jurisdictions where companies...

In a significant step toward enhancing its business environment and attracting foreign investment, Dubai has issued Resolution No. 11 of 2025 on the Regulation of Free Zone Establishments Practicing their Activities within the Emirate of Dubai (the “Resolution”). This new framework marks a major policy shift, allowing free zone entities to operate more freely across...

A Dubai-based tech firm sells for AED 200 million. The deal seems perfect at first. But, months down the line, the buyer uncovers unexpected liabilities—antiquated software systems and unpaid vendor invoices totaling AED 25 million. Without any safeguards in place, the buyer demands the seller pay the full amount. This creates tension and financial stress...

The United Arab Emirates (UAE) is emerging as a leading global hub for fund managers, providing unparalleled access to the wealth of the Middle East, Africa, and South Asia (MEASA) region. With its sophisticated financial infrastructure and business-friendly policies, the UAE offers immense opportunities for investment management and capital raising. Why the UAE? Strategically positioned...

SPVs and Their Regulations in the UAE A Special Purpose Vehicle (SPV) is a legally distinct entity created to isolate financial and legal risks. SPVs are commonly used to securitize assets, facilitate joint ventures, manage specific projects, or achieve particular financial goals while limiting exposure to liabilities. They offer numerous benefits, including enhanced asset protection,...

The Federal Authority for Identity, Citizenship, Customs, and Ports Security (ICP) has highlighted a significant decision by the Department of Health – Abu Dhabi to waive health insurance fines for foreigners who have violated residency laws but are now eligible for status amendment. This decision reflects the UAE’s government ongoing commitment to upholding humanitarian principles...

The UAE government has introduced amendments to the labour laws aimed at enhancing the competitiveness of the employment market and providing greater clarity around the rights and obligations of employers and employees. Stricter Penalties for Labour Law Violations Under the new amendments, employers face fines ranging from AED 100,000 to AED 1 million for various...

Selling a property in Dubai that is still under mortgage can be challenging, but with the right knowledge and preparation, it can be managed smoothly. The process involves additional steps beyond a typical property sale, ensuring that all parties are protected and that the transaction complies with the legal requirements set by the Dubai Land...

The United Arab Emirates (UAE) is increasingly becoming a hub for philanthropic initiatives and foundations. For individuals and organizations looking to engage in charitable activities or manage wealth, establishing a foundation can be a strategic move. A foundation is a non-profit organization created to provide funding or support for specific causes, charitable activities, or social...

The Central Bank of the UAE (CBUAE) issued the new Insurance Brokerage Regulations on 25 July 2024 (“Regulation”), which supersedes previous regulations and guidance for insurance brokers. The Regulation will become effective six months after its publication in the Gazette, likely by February 2025, depending on the publication date. The CBUAE has directed all insurance...

The United Arab Emirates (UAE) provides multiple avenues for dispute resolution, including litigation and arbitration, governed by distinct judicial systems. Understanding these systems is crucial for businesses, lawyers in Dubai, and residents when drafting provisions for dispute resolution in their commercial contracts. Overview of the UAE Court Systems Mainland Courts The onshore court system operates...