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Lawyers in Abu Dhabi
19 Oct 2024

Singapore’s Enhanced Corporate Service Provider and Company Laws

Singapore’s Enhanced Corporate Service Provider and Company Laws On July 2, 2024, Singapore’s Parliament enacted two significant pieces of legislation the Corporate Service Providers Bill (CSP Bill) and the Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill (CLLPMA Bill) designed to enhance the country's regulatory framework. These laws aim to…

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Lawyers in China
08 Oct 2024

China's Revised Company Law

China's Revised Company Law China’s new Company Law, effective July 1, 2024, represents a substantial overhaul of corporate governance and shareholder rights within the country. Originally promulgated in December 1993 and updated significantly in 2005 and again in 2018, the recent amendments introduce stricter regulations on capitalization, enhance transparency, and…

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Lawyers in Abu Dhabi
16 Sep 2024

Companies Law in Saudi Arabia

Companies Law in Saudi Arabia Saudi Arabia's Council of Ministers approved the long-awaited New Companies Law, which marks a significant shift in the Kingdom's regulatory landscape. Enacted through Cabinet Resolution No. 678 and ratified by Royal Decree No. (M/132), this new legislation aims to support Saudi Vision 2030 by modernizing…

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Criminal Lawyers in Dubai
15 Apr 2024

UAE’s new Decree to Regulate Public and Private Partnership

UAE’s new Decree to Regulate Public and Private Partnership The Ministry of Finance in the UAE recently announced a pivotal development with the issuance of Federal Decree-Law No. 12 of 2023, focusing on public-private partnerships (PPPs). This legislation, effective from December 1, 2023, lays down the groundwork for collaborations between…

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Financial Lawyers in UAE
11 Jun 2022

Establishing a Foundation in the UAE

Establishing a Foundation in the UAE “Reliable structure needs a strong foundation and strong foundation requires investment” ― Guru Z.S. Gill UAE Foundations are an integral part of the country’s wealth management system. It is an independent legal entity. Foundations are usually created to protect the desires of the Founder being…

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Criminal Lawyers in Dubai
30 Sep 2021

Economic and Fraud Provisions in Middle East

Economic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…

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Law Firms in Dubai
06 May 2021

Incorporation of a Business

Incorporation of a Business (legal impediments) Introduction The formal method of forming a corporation or a company is called incorporation. The resulting legal body, a corporation, is responsible for separating the firm's assets and profits from its owners and investors. Corporations can be formed in virtually every country on the…

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Law Firms in Dubai
03 Feb 2021

UBO Disclosure Requirements- UAE

UBO Disclosure Requirements- UAE In recent years, counter-fraud, money laundering and terrorism funding have been the regulator's highest priority. Fraudulent parties conceal their service using offshore accounts, and authorities report fraudulent transacts routinely at fake emails, PO boxes or private residences. This term has taken on an increasingly significant role…

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Lawyers in Abu Dhabi
05 Nov 2020

Hamriyah Free Zone

Hamriyah Free Zone 1. What law established this freezone? The Hamriyah Free Zone was established under Sharjah Emiri Decree No. 6/1995 issued in 12 November 1995 as amended by Sharjah Executive Council Decision No. 1/2000 (the Decree). 2. What are the main internal regulations governing this freezone? The principle regulation…

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Lawyers in Dubai
05 Nov 2020

Fujairah Creative Freezone

Fujairah Creative Freezone 1. What law established this freezone? Fujairah Emiri Decree No. 4/2007 established Fujairah Creative City (FCC). 2. What are the main internal regulations governing this freezone? The Fujairah Free Zone Authority sets the regulations governing FCC Free Zone. 3. Does this freezone have any reciprocal arrangements with…

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Lawyers in Dubai
05 Nov 2020

Fujairah Free Zone

Fujairah Free Zone 1. What law established this free zone? Fujairah Free Zone was established by Emiri Decree on 28 November 19987 and is located next to the Port of Fujairah which offers total unique access to all Arabian Gulf Ports, the Red Sea, India and Pakistan. 2. What are…

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Lawyers in Dubai
05 Nov 2020

Dubai World Central Freezone

Dubai World Central Freezone 1. What law established this freezone? Dubai World Central (DWC) freezone was established under Dubai Law No. 8/2006, amended by Dubai Law No. 10/2015. 2. What are the main internal regulations governing this freezone? DWC is regulated by the DWC Free Zone and Administration Rules and…

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Lawyers in Abu Dhabi
04 Nov 2020

Dubai Sceience Park City Freezone

Dubai Sceience Park City Freezone 1. What law established this freezone? This freezone was established by Dubai Law No. 1/2000 issued on 29 January 2000. 2. What are the main internal regulations governing this freezone? The regulations governing the Dubai Creative Clusters (DCC) were the Dubai Technology and Media Free…

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Lawyers in Abu Dhabi
04 Nov 2020

Dubai Production City Freezone

Dubai Production City Freezone 1. What law established this freezone? This freezone was established by Dubai Law No. 1/2000 issued on 29 January 2000. 2. What are the main internal regulations governing this freezone? The regulations governing the Dubai Creative Clusters (DCC) were the Dubai Technology and Media Free Zone…

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