Move indicates the belief shared by both the DFM and Dubai Courts on the importance of coordination and cooperation in further reinforcing the efficiency of their activities
Ras Al Khaimah: His Highness Shaikh Saud Bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah, on Wednesday issued law No. 7 of 2016 on the economic establishments’ control and commercial protection.
The UAE foreign investment law has recently been issued and published. Federal Law No. 19 of 2018 on Foreign Direct Investment (the “FDI Law”) aims to promote foreign direct investment in the UAE and secure the country’s position as a leading and growing international business hub.
In order to increase the economic competitiveness of the UAE, there have been recent initiatives undertaken by UAE free zones including the creation of a freelancer permit, the introduction of a new type of commercial licence by the Dubai International Financial Centre (“DIFC”) and the launch of a new commercial license for tech start-ups by the Abu Dhabi Global Market (“ADGM”).
The UAE Legal Landscape addresses the key factors that underpin legal frameworks, policy, regulation and enforcement, taxation, organisational behaviour and investor strategies in the UAE.
