Economic Substance Rules

UAE Companies – How Your Business May Be Affected If you are operating an onshore or offshore entity in a “no or only nominal tax jurisdiction” (referred to hereinafter as a “noon”), which amongst others, holds shares or licenses intellectual property and receives operational income from other jurisdictions this article should be important to you…

Money Matters

Starting your own business is one of the most exciting decisions you can take. But it is imperative to follow fundamental rules and keep certain key considerations in mind to avoid facing financial issues that may lead to bankruptcy. Here are five factors to keep in mind when managing your finances as a startup: 1.…

UAE Launches Long-Term Residency System for Non-Citizens

A Long-Term Residency Scheme In The UAE The UAE recently allowed select categories of foreigners to apply for long-term visas for themselves and their families, including investors and entrepreneurs who meet certain conditions, pursuant to Cabinet Decision No. 56/2018 on the Regulation of Residence Permits for Investors, Entrepreneurs and Individuals with Specialised Talents. In accordance…

Key Considerations For Multinational Business Looking to Setup in the UAE

Q1: Key considerations on how a multinational business can set up as a group in the region The United Arab Emirates (“UAE”) economy continues to flourish and be attractive to businesses from around the world. The potential options available to foreign multinational companies to undertake business or commercial activities in the UAE are set out…

Is There a Specific Legislation Regulating E-Signatures in the UAE?

UAE Federal Law No.1 of 2006 concerning electronic transactions and commerce (e-commerce law) regulates electronic signatures (e-signatures) in the UAE. The eCommerce Law recognises 3 types of e-signatures: 1. Protected e-signatures (Article 17 of the E-Commerce Law) This category of e-signatures is the most legally protected. Protected e-signatures are accepted as valid and have probative…

Investing in KSA

Saudi Arabia has become a key investment hub over the years as it seeks to diversify its oil-dependent economy. Abdullah Alanezi, Partner and Lujain Al Yousef, Associate, consider key aspects involved in setting up a business in the Kingdom. Over the years the Kingdom of Saudi Arabia (KSA) has become a place of interest for…

BSA and SAGIA Promote Foreign Investment in Saudi Arabia Throughout the UK and Ireland

The Saudi Arabian General Investment Authority (SAGIA), the authority for attracting, developing and enhancing international investment in Saudi Arabia, accompanied UAE-based law firm BSA Ahmad Bin Hezeem & Associates LLP (BSA) in hosting a series of business seminars in the United Kingdom and Ireland, to highlight key investment opportunities in Saudi Arabia. Titled ‘Doing Business…