UAE’s Renewable Residence Visa or “Golden Card”
In February 2019, the UAE’s cabinet enforced the Cabinet Resolution No. 56 of 2018 Regarding the Organization of Residence Permits for Investors, Entrepreneurs and Professional Talent. This was coined the “Golden Card” by HH Sheikh Mohamed bin Rashid Al Maktoum. It is an automatically renewable residence visa for those contributing to the Emirati economy, be it by way of […]
FDI Law: UAE’s Foreign Direct Investment Policy Changes
Setting up of a local limited liability entity in the UAE, commonly known as the LLC, allows the foreign shareholder or investor to hold only up to 49% of its equity. The balance 51% must be owned by a UAE national or a UAE national owned entity. The inability to own the majority of their […]
Me, My Business, My People
Employment Issues in the UAE during the COVID-19 Crisis As an employer, the circumstances you find yourself in during these unprecedented times is a rather difficult one. The bottom line is the cash crunch resulting from a drastic and sudden reduction of income compounded with the ongoing obligation of wages of employees. In a measure […]
WFH: Pitfalls from a Privacy and IP Perspective
2020 has certainly been the year of new normal so far. Who would have thought that a time would come where busy executives, team leaders, CEOs, lawyers working from home would seem pretty normal. The mental adjustment has taken place already as the realisation has set that the day to day work has not changed, […]
The UAE Foreign Direct Investment Law
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% […]
A Commentary on Economic Substance Regulations
“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 […]
Voice AI: Do You Hear Me
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 […]
Virtual Private Networks UAE
The virtual private networks (VPN) work by encrypting the connection to the internet, disguising the IP address and preventing others from tracking your virtual whereabouts. The use of VPNs conjures a direct association to illegal activities such as hacking, accessing or downloading communication and gaming applications or websites that are blocked in the UAE, so it […]
Understanding the UAE Bankruptcy Laws & Potential Risks
Although the coronavirus pandemic lockdown is slowly being eased across the world and Dubai seems set to go into boom mode again, judging by the property prices and inflow of tourists, companies here are still facing a number of challenges. The coronavirus pandemic has exposed deeper problems to companies and pushed them over the edge […]
Latest Changes To The UAE Labour Law And How It Affects You
The amendments to the UAE Labour Law are the latest updates to the UAE law in a series of sweeping changes introduced by the UAE government. Federal Decree Law No. 33 of 2021 (the New UAE Labour Law) which has taken effect on 2 February 2022 together with the recent supplemental regulations both provide much […]