Legal consultancy and business setup news in Middle East.

On Wednesday 19 May, the UAE’s Ministry of Economy announced on the government’s Twitter account that non-Emirati investors and entrepreneurs will be permitted to fully own a business based in the UAE starting from 1 June 2021. The UAE announced the law allowing 100% foreign ownership of companies in November last year and it anticipated […]

Apparently Alexa and Siri are the only women who listen to men. Do you know these women I’m talking about? Well, let’s just say they are not real. That would be quite something. Long live artificial intelligence (AI). In our continued fast pace of life, is becoming increasingly evident that any technology provider who is […]

On 9 December, the UAE approved the use of the Sinopharm’s Covid-19 vaccine on the heels of the UK approval of Pfizer’s Covid vaccine a week earlier (the USA’s subsequently approved the same vaccine on 12 December). Other countries have already followed suit with the various vaccines available and more shall do so over the […]

The UAE has taken yet another progressive step towards becoming one of the most desirable destinations for business owners and investors as foreign business owners no longer require an Emirati holding 51% of the shares in their mainland LLCs. This historical amendment to the 2015 Commercial Companies Law undoubtedly translates into a skyrocketing of the […]

The UAE has taken a progressive step through the enactment of significant amendments to its Personal Status Law, the Federal Penal Code and Federal Penal Procedural Law

“Satisfying” the Economic Substance Regulations (ESR) imposed by the UAE Government seems to be the buzz word of the month as the deadlines for submission of the ESR forms (which have been repeatedly extended) come closer. Most authorities have set the deadline for 30 June 2020 but some are earlier therefore companies will need to […]

100% Ownership does not necessarily mean 100% Control Along the lines of its long term strategy of reducing reliance on oil income by attracting foreign investment and expanding the industrial and manufacturing sectors, among others, in September 2017, the UAE Government amended the Commercial Companies Law to permit increased foreign ownership of up to 100% […]

It is not just the client’s information which is at risk, the fact that employees are accessing, maintaining, and sharing proprietary information increases the risk of employee and third-party intellectual property theft.

The crisis of the global spread of COVID-19 has been hard hitting on every aspect of business and the question remains, how long can UAE businesses survive this new world order we find ourselves in and when is the end in sight?

THINC provide advice and guidance on the bequeathing of assets such as real estate, shareholdings, investments and personal belongings. THINC provide a comprehensive service from will drafting to registration and administration of estate.