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INVESTMENT SCREENING – CAPITAL

Chapter Thirty-Eight: INVESTMENT SCREENING – CAPITAL APPRECIATION PROJECT LUXURY APPARTMENTS OVERLOOKING BURJ AL ARAB Madinat Jumeirah Living by Dubai Holding – exclusive development of freehold apartments located in Jumeirah, within walking distance from one of the best beaches in Dubai…

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UAE TO INTRODUCE FEDERAL CORPORATE TAX

Chapter Thirty-Seven: UAE to introduce Federal Corporate Tax (FCT) from June 2023   The Ministry of Finance announced that effective June 1, 2023, the UAE would introduce a FCT on business profits. Businesses will become subject to the 9% UAE corporate…

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BECOMING A LEGAL FREELANCER IN THE UAE

Chapter Thirty-Six: Becoming a legal freelancer in the UAE In November 2020, the Abu Dhabi Department of Economic Development (ADDED) announced that UAE residents, as well as non-residents could apply for freelance licenses. According to the new law, freelancers can…

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THE NEW UAE LABOR LAW

Chapter Thirty-Five: The New UAE Labor Law The United Arab Emirates recently published its new Federal Labor Law No. 33 of 2021, which repeals Federal Labor Law No. 8 of 1980 (Previous Law). The New Law comes into effect on…

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DECREE TO RECONSITITUTE FREE ZONES COUNCIL

Chapter Thirty-Four: His Excellence Sheikh Mohammed issues decree to reconstitute free zones council headed by Ahmed bin Saeed His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as Ruler of…

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EXPO 2020 DUBAI RECORDS OVER 5.6 MILLION VISIT

Chapter Thirty Three: Expo 2020 Dubai records over 5.6 million visit Visitor numbers to Expo 2020 Dubai has reached more than 5.66 million (up to December 5) since it first opened on October 1. The UAE’s Golden Jubilee festivities, as…

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FACTORS TO CONSIDER BEFORE BUYING PROPERTY IN DUBAI

Chapter Thirty Two: Factors to consider before buying property in Dubai Because of the lockdowns and shutdowns in 2020, the real estate prices greatly decreased. That caused people who had the plan to buy villas or flats postpone their decision…

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UAE CITIZENSHIP

Chapter Thirty One: UAE CITIZENSHIP UAE citizenship for investors, medical doctors, skilled professionals, scientists and talented people Dubai announced major changes to the citizenship law, to allow the naturalization of foreign investors, doctors, scientists, artists and talented people and their…

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NEW ADDED UAE LABOR LAWS

Chapter Thirty: Added UAE labor laws His Highness Sheikh Khalifa bin Zayed Al Nahyan, UAE President announced new decree law to regulate labor relations on November 15 which will come into force on February 2, 2022. The 6-new labor laws…

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ATLANTIS PENTHOUSE PROJECT SEALS A DEAL WORTH DH 64 MILLION

Chapter Twenty-nine: Atlantis Penthouse project seals deal worth Dh64 Million The Royal resort and Residences on the Palm sold a penthouse worth Dh64 million, making it one of the most costly property deals in Dubai this year. The 8,300 square…

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