New directions from the Ministry of Finance provide that the DIFC Courts Wills Service is no longer required to pay VAT for its services.
UAE revamps foreign ownership rules for commercial companies 25.11.2020 The UAE overhauled its commercial company ownership laws, annulling the need for an Emirati shareholder for onshore companies and opening up a number of sectors to foreign investors. This is aimed at boosting the country’s competitive advantage and attracting foreign capital to the Arab world’s second largest economy. UAE introduces changes to inheritance law 11.11.2020 On 7 November 2020 the UAE President His Highness Sheikh Khalifa Bin Zayed Al Nahyan has issued a number of presidential decrees amending some articles in the Personal Status Law. Among others, the decree details changes in the laws concerning expatriates’ wills and inheritance.The latest JAFZA Offshore Company Regulations of
2018 (‘Regulations’) introduced new provisions in Part 17 that enable existing
offshore companies in the Jebel Ali Free Zone (‘JAFZ’) to convert their legal
status from ‘offshore companies’ to an operating ‘free zone company’
(’Conversion’).
The Resolution aims to protect the position of non-UAE
national employees by private sector employers during the application of the precautionary COVID-19 measures by the UAE
government.
On 3 February 2020 Marina Fox took part in a business meeting of the lawyers from Russia and Ukraine.
Five-year multiple-entry tourist visa for the UAE announced 14.01.2020The UAE Cabinet approved the issuance of a five-year multiple-entry tourist visa for all nationalities visiting the country
Reduction of Dubai Courts Fees for Commercial Claims not Exceeding AED 500,000 04.09.2019 Special law amended court fees applicable before Dubai Courts and reduced court fees for commercial claims that do not exceed AED 500,000.