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UAE

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In brief The UAE has introduced a number of new welcome legislative changes to mark the UAE’s 50th anniversary, with the aim of solidifying the country’s position as a global trade and commercial hub. Among these changes is the issuance of Federal Law by Decree No. 32 of 2021 on Commercial Companies (“New Law”), which has now come into force last 2 January 2022. This alert serves as a reminder to all companies incorporated in…

In brief On 20 September 2021, the UAE has published Federal Decree Law No. 46 of 2021 on electronic transactions and trust services (the “Electronic Transactions Law”) which repeals Federal Law No. 1 of 2006 (the “Previous Law”) and reinforces the UAE’s digital transformation strategy and commitment towards a digital economy. The Electronic Transactions Law will come into effect on 2 January 2022, however, businesses will be given a one-year grace period for compliance. Under…

In brief The long-awaited Decree-Law No. 33 of 2021 on Regulation of Labour Relations (the “New Labour Law”) is among a number of new legal developments introduced recently in the UAE. Over the course of the last few weeks we have also seen significant changes to the Data Protection and e-Transactions Laws, and of course, the change to the UAE weekend which has attracted significant attention worldwide. On Tuesday, 7 December 2021, the UAE Government…

In brief On 27 November 2021, the UAE published the long awaited UAE Personal Data Protection Law, Federal Law 45 of 2021 on Personal Data Protection (the ”Law”). The development signifies a landmark in the evolution of the UAE’s regulatory framework and lays the foundation for the modernization of the economy and digitization of the country’s growth sectors. The Emirates Data Office (the ”Data Office”) will act as the new data regulator and will be…

Several modes of settlement of administrative penalties now introduced – pay 50% in cash or through a guarantee and your tax challenge will be admissible! The UAE Federal Tax Authority (FTA) will today start implementing new procedures to facilitate the ease for tax registrants to submit reconsideration requests and objections to the FTA’s decisions, for implementing the decisions of the Tax Dispute Resolution Committee (TDRC), appeal procedures, controls for reducing administrative penalties, the payment of…