Professionals from medicine, education and technology will be major beneficiaries of the UAE’s 10-year visa policy, which will come into effect in 2019, say legal experts. “I think professionals from medicine, education and technology and other certain professions such as accounting will benefit from this long-term visa. The 10-year visa to investors and skilled professionals…
BSA Ahmad Bin Hezeem & Associates LLP empowers the talented children of Dubai Autism Center, who helped us design our festive greeting card. Together we wish you every happiness during the holidays and the year to come.
Dubai Customs has issued an announcement that, effective 1 January 2019, all commercial and industrial companies operating under licenses issued by any of the free zones in the Emirate of Dubai and holding a customs code issued by Dubai Customs will have to comply with the new inventory system requirements, and all such companies that…
In the latest update to the United Arab Emirates (UAE) visa system, the UAE Cabinet has approved the highly anticipated long-term visa for investors, entrepreneurs, specialized talents, researchers in the fields of science and knowledge and outstanding students. The purpose of the new visa will be to encourage investment within the UAE as well as…
As of November 12th, 2018, the following Laws and Regulations are effective in the DIFC: Companies Law, DIFC Law No. 5 of 2018 Companies Regulations Operating Law, DIFC Law No. 7 of 2018 Operating Regulations Ultimate Beneficial Ownership Regulations All companies operating within the jurisdiction of the DIFC must ensure full compliance with the above…
A landmark law that will allow foreign investors to own 100 percent of companies in the United Arab Emirates, limited to specific industries, will be fully implemented by the end of 2018. The UAE Cabinet decision approved on May 20th, 2018 is the latest in a string of the legislative developments aimed at stimulating economic…
BSA Ahmad Bin Hezeem & Associates LLP, one of the region’s leading law firms, has announced the appointment of Simon Isgar as Head of Insurance. A qualified barrister, Simon previously headed up Kennedys Dubai LLP’s MENA corporate and regulatory insurance practice. He joins BSA’s growing team of corporate lawyers, to form the largest corporate insurance practice in…
Members of the public received free legal advice at a one-day, walk-in legal clinic, organised by the Department of Economic Development (DED) in Dubai and BSA Ahmad Bin Hezeem & Associates LLP. Answering queries on all aspects of corporate and civil laws, a team of twenty-five expert lawyers from BSA provided support and practical advice…
UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued the Federal Law on ‘Netting’, its provisions shall apply to all qualified financial contracts and netting agreements specified under this law which are entered into by any person in the state. The law seeks to strengthen the legislative framework for the settlement of…
The recruitment of expats in Oman is regulated by Oman Sultani Decree No. 35/2003 (the “Labour Law”). The provisions of the Labour Law governing the recruitment of expatriates are summarised below. Article 18 of the Labour Law stipulates that an employer is prohibited from hiring non-Omani workers unless the employee has obtained a permit from…