RECENT UPDATES IN THE ARBITRATION SECTOR IN UAE- DIAC RULES 2022 With every new year comes a clean slate and that is how the government of the U.A.E. has at the beginning of the year 2022 bought in enormous changes in its prevailing laws and procedures in practice. As part of its efforts to cement …
In March 2022, the Dubai Government, under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, issued Law No. 9 of 2022 Regulating the Provision of Digital Services in the Emirate of Dubai (“the Law”), with the objective of enhancing the Digital Services provided in the Emirate by incorporating strategic plans for achieving …
On February 2022, the Government of Dubai, under the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, issued Law No. 4 of 2022 Regulating Virtual Assets in the Emirate of Dubai (“the Law”), with the objective of establishing a regulatory authority for Virtual Assets and authorizing activities relating to Virtual Assets within the …
The Finance Ministry of the U.A.E plans to introduce corporate taxes to be levied on business profits starting from the fiscal year 1st June 2023. The state’s decision to impose the corporate tax was based on its goal of accelerating its development and strategic objectives. Corporate tax will be a direct tax levied on the …
