The Federal Tax Authority has issued Decision No. 3 of 2024 on Feb 27, 2024, providing detailed guidelines on the tax registration timelines for Resident Juridical Persons, Non-Resident Juridical Persons, and Natural Persons. The decision follows the updates made to certain provisions of Cabinet Resolution No. (75) of 2023. The Ministry of Finance has announced […]
The Ministry of Finance recently announced Cabinet Decision No 74 of 2023 (the Cabinet Decision) on the Executive Procedure of Federal Law no 28 of 2022 on Tax Procedures (New Tax Procedure Law). The Cabinet Decision repeals the and replaces the previous Executive Regulations on Tax Procedures and includes updated definitions, processes and procedures which […]
BSA Alert: UAE Corporate Tax: :Qualifying Income & Activities
Finally, decisions a lot of people have been waiting for are here. The Ministry of Finance has released two new decisions pertaining to Qualifying Freezone Persons (QFZP) namely, Cabinet decision No 55 of 2023 on Determining Qualifying Income and Ministerial Decision No 139 of 2023 on Qualifying Activities and Excluded Activities. Both decisions are discussed below. Cabinet […]
You’re invited: Cocktails & Canapes with Senator Jean Hingray
SVB’s Collapse: Implications for FinTech Startups in the Middle East
The factors that contributed to the collapse of Silicon Valley Bank were complicated and varied. Certain professionals have identified the bank’s excessive dependence on the technology industry as a key vulnerability, rendering it more susceptible to market volatility and economic recession. Others have opined that the bank’s lending practices were excessively aggressive, resulting in a […]
Authors: Abdullah Ishnaneh and Ahmed El Sayed Adopting hybrid or remote work triggered several legal conflicts. Undoubtedly, following the Covid pandemic, the employment market was impacted from many perspectives. Notably, the rapid trend by organizations to let their employees work remotely or change the policies by adopting the hybrid system. The decision to adopt hybrid […]
Authors: Abdullah Ishnaneh and Bassel Boutros Upon executing an agreement, one of the most important aspects to contractual parties is the clause pertaining to the governing law and jurisdiction in the event any dispute arises between them. While the parties may believe that by opting for a specific jurisdiction, that this jurisdiction will automatically be […]
What is the process for civil marriage and divorce in Abu Dhabi
Authors: Abdullah Ishnaneh and Bassel Boutros Non-Muslims in the UAE now have the option to get married in a civil ceremony after Abu Dhabi opened its new non-Muslim Personal Status Court last year. The dedicated family court for non-Muslims in Abu Dhabi oversees personal status matters, such as marriage, divorce, inheritance and child custody under […]
Author: Abdullah Ishnaneh and Bassel Boutros A criminal complaint takes precedence over a civil claim or “Le criminel tient le civil en l’état”, is a legal principle with origins in the French Penal Procedures Law, which is commonly applicable in most countries following a civil law system. This principle aims to stay civil proceedings until […]
BSA joins IR as the exclusive Commercial Litigation member in United Arab Emirates
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce that Abdullah Ishnaneh has joined IR as our exclusive Commercial Litigation member in United Arab Emirates. Abdullah is a Partner in the BSA Litigation practice based in their DIFC office in Dubai. Practicing since 2005, he specializes in various types of litigation […]
