Company Law Changes in 2016 - The Small Business, Enterprise and Employment Act 2015 Note: The requirement to keep a PSC register came into force on 6 April 2016.
In January 2016 the first UK company to be prosecuted for corruption was sentenced to a fine of just over £1.3m, had over £800k confiscated and was ordered to pay £25k in prosecution costs; with two directors being convicted and sentenced (in 2015): Christopher Smith received an 18-monthimprisonment sentence (suspended for two years) for two […]
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.
