100% Foreign Ownership of Companies in the UAE The UAE government has announced important changes to the federal Commercial Companies Law, the most significant is related to the foreign ownership of mainland companies. This will grant foreign investors the full ownership of share capital in companies carrying out certain activities specified to that effect by...
Bounced Cheques in the UAE: What You Need to Know in 2022 In the UAE, the cheque bounce is a very frequent problem faced by people during their span in the country. It is covered under the purview of a criminal offence in the UAE, and legal implications/penalties can be financially severe and daunting. Bounced...
Dubai’s New Virtual Assets Law Boosts UAE’s Crypto Market The new law is applicable to all entities dealing with virtual assets that are set up on the mainland as well as free zones, including special development zones. However, it does not apply to the Dubai International Financial Center (DIFC), which will have its own set...
The Duties and Obligations of the LLC Manager in the UAE In view of the fact that the manager is primarily the point of reference for the company in the business streets, he is generally authorized by a power of attorney provided by the shareholders of the company or via the MOA of the company....
