In brief The scope of the UAE’s mandatory employee unemployment insurance scheme has been extended. Effective immediately, all employees in the UAE (except for employees employed by the local government) must register within the required timeline. This includes employees employed by free zone companies. You can view a summary of the scheme in our previous client alert. What’s next? Registration All employees in the UAE must enroll with the unemployment insurance scheme and commence paying insurance…
In brief On 18 April 2023, the Dubai International Financial Centre (DIFC) launched a 30-day public consultation on the proposed amendments to the Personal Data Protection Regulations to establish additional areas of regulation that would support the strong implementation of the DIFC Data Protection Law No. 5 of 2020 (please view the Consultation Paper No. 2 of 2023 here). The proposed amendments are aimed at enhancing the current data protection framework in the DIFC and…
In brief The need for the Tax Authorities to have better control and oversight on e-commerce transactions and the respective tax revenues has prompted the UAE Ministry of State for Financial Affairs to issue a Ministerial Decision No. 26 of 2023 on the Criteria and Conditions for Electronic Commerce for Purposes of Keeping Records of Supplies Made (“Ministerial Decision”) in February 2023. This new reporting requirement is applicable for taxpayers whose e-commerce taxable supplies exceed…
Under Federal Decree Law No. 33 of 2021 and its executive implementing regulations (“New Labour Law”) which entered into effect in February 2022, all employee unlimited term contracts required be converted to fixed term contracts. A grace period of up to 1 February 2023 was put in place for all contract conversions in the UAE. Failure to meet the deadline risked penalties being imposed. However, the Ministry of Human Resources and Emiratisation (MOHRE) has recently…
In brief Following rounds of consultation, the United Arab Emirates (UAE) has issued the new and much anticipated Federal Law No. 3 of 2022 regulating Commercial Agencies (“New Law”), repealing and replacing the longstanding Federal Law No. 18 of 1981, which has been amended many times including most recently in May 2020. The New Law introduces various changes and grants for the first time, the right for international companies that are not owned by UAE…