New and seasoned business owners must grasp the fundamentals of corporate finance in order to navigate financial challenges seamlessly and avoid costly missteps. In the UAE, businesses have access to a variety of financing options, including equity funding, debt...
On January 1, 2018, the UAE took a significant step by introducing Value Added Tax (VAT), shifting from a tax-free economy to one that uses taxation to support economic diversification. Under Federal Law No. 8 of 2017, VAT has become a key part of the country’s fiscal...
There are two court systems in the UAE. First, the mainland “onshore” courts are based on a civil law system and give effect to the “onshore” regime, one based on federal laws. Secondly, the “off-shore” courts encompass the Abu Dhabi Global Market (ADGM) and the Dubai...
Liquidation, generally called winding up, involves dissolving a firm, paying its debts, and distributing any surplus resources to its shareholders. In the UAE, those operating in Mainland UAE and those in financial-free zones such as the Dubai International Financial...
Introduction On 10 December 2024, the Executive Council of Dubai, under the leadership of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, issued Resolution No. 101 of 2024. This resolution, published in the Official Gazette, introduces a...
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