Amir Dahbain
DIFC Prescribed Company Regulations
The Dubai International Financial Centre Authority (DIFCA) has recently implemented notable amendments to the DIFC Prescribed Company Regulations(PC Regulations). These changes, aim to simplify the regulatory framework and broaden the scope of the Prescribed Company (PC) regime. The amendments make it easier for a wider range of businesses and investors to establish PCs in the…
Dubai’s Virtual Asset Regulator Levies Hefty Fines for Non-Compliance with its Regulations
Dubai, a global hub for virtual assets and cryptocurrencies, has taken a significant step forward in regulating the new industry of Virtual Assets. Earlier this year, the Dubai Virtual Assets Regulatory Authority (VARA) introduced its Virtual Assets and Related Activities Regulations 2023 (the Regulations), accompanied by rulebooks that set out the mandatory obligations for Virtual…
Regional Headquarters KSA
In the rapidly changing business landscape across the Kingdom of Saudi Arabia (KSA), of particularly note is the Saudi Government’s announcement regarding the limitation on foreign companies which to not hold a Regional Headquarters (RHQ) in the Kingdom, contracting with KSA Government entities. Set out below are the key requirements to be met and documents…
Legal Update: UAE Establishes New Regulatory Authority for Commercial Gaming & Lottery
The General Commercial Gaming Regulatory Authority (GCGRA) has been officially established in the United Arab Emirates as a federal authority and will be responsible for introducing a world-leading regulatory framework for a national lottery and commercial gaming. Former MGM Resorts International CEO Jim Murren has been appointed chairman of the board of the GCGRA. The…
Banks Legal Consultancy joins IR Global as the exclusive Foreign Direct Investment member in the United Arab Emirates
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce that Amir Dahbain has joined IR as our exclusive Foreign Direct Investment member in the United Arab Emirates Amir is a Partner at Banks Legal with over 24 years of legal experience. He has practiced law in the UAE for the last…