Legal Duties and Obligations of Directors in a UAE Limited Liability Company For this reason, most businesses in the UAE are limited liability companies (LLCs). Perhaps the biggest plus of an LLC is its limited liability laws, which protect shareholders’ personal...
The United Arab Emirates (UAE) has recently implemented its first federal law on factoring and receivables assignment following a number of previous announcements regarding this area, with the UAE’s UAE Factoring Law, Federal Decree-Law No. 16 of 2021 on Factoring and...
In the complex world of business partnerships, disputes can arise even among the most well-intentioned collaborators. These conflicts often stem from disagreements over profit distribution, management decisions, or alleged breaches of fiduciary duty. This blog post...
Introduction: The Changing UAE Tax Landscape The United Arab Emirates has taken a significant step in aligning with global tax standards with the introduction of Cabinet Decision No. 142 of 2024 on the Imposition of Top-up Tax on Multinational Enterprises. This...
Since the introduction of Value Added Tax (VAT) in 2018, businesses operating in free zones have been required to adapt to a unique set of rules. Free zones are designed to attract foreign investment by offering incentives such as tax exemption and custom duty...
Article 65 of the Federal Penal Code holds juridical persons, except governmental agencies, accountable for criminal acts committed on their behalf or in their name by their representatives, directors, or agents. Under Dubai criminal law, if a corporation is convicted...
