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Winding up of a company in DMCC DMCC Company Regulations 2020 On 02 January 2020, the Dubai Multi Commodities Centre (DMCC) issued and promulgated the New Company Regulations 2020 ('Regulations'), which were to replace the former DMCC Company Regulations of 2003. They were so reconfigured in order to attain alignment…
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DMCC Company Regulations, 2020 Regulations in the business world are essential and a mechanism to protect workers, public safety, businesses, and investments. However, regulations which are inefficient or inadequate can indeed stifle entrepreneurial activity and business growth which ultimately impacts the ease of conducting business. For instance, it takes about…
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Special Purpose Acquisition Company One or more private individuals/entities can create a Special Purpose Acquisition Company (SPAC) for the special purpose of acquiring interest in one or more existing companies or businesses by raising capital through an initial public offering (IPO), and therefore, receive profit from such a merger, acquisition…
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UAE Compan’s Law and JAFZA Offshore Companies Regulations : Key Differences All corporations undergo a development phase that is affected by a range of external factors such as market conditions, economic climate, implications, and new regulations, to name a few. Internal affairs of an organization, the roles and responsibilities of the…
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Due Diligence by Foreign Law Firms of UAE Entities Business transactions around the world often involve mergers, acquisitions or take-overs. Such transactions of the business organizations require thoughtful decisions which ultimately decides the future of the Company. Hence, due diligence holds the key to vital decisions of the economy as…
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1. What law established this free zone? The Bahrain International Investment Park (BIIP) was established in 2005 by the Industry, Commerce and Tourism Ministry (MoICT). The BIIP is considered the flagship business park. It houses over 114 multinational and manufacturing service companies. 2. What are the main internal regulations governing…
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1. What law established this free zone? Bahrain International Airport is not actually a Free Zone, although it is sometimes mistakenly referred to as one. The Airport Zone is governed by the Sovereign wealth fund of the nation, Mumtalakat. 2. What are the main internal regulations governing this free zone?…
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Today, UAE proffers potential opportunities in almost all business sectors with its genial business ecosystem and has become home to multinational companies and entrepreneurs. So whether you have just popped up with a unique business idea, protecting your business idea is a whip-smart move. Pondering over the past decade, applications…
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Unveiling Dubai Expo 2020 Introduction to Expo 2020 “Our region deserves the chance to organize this great world exhibition. Our country is ready to host it. We will keep our promise in connecting great minds to build a better future and we will organize the best event in the…
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Kuwait Company Formation The business environment in Kuwait is complex, and it requires flexibility, persistence, and patience. Many traders are it importers or exporters have been challenged by inconsistent and at times policies that are contradictory due to which there is a lack of transparency when vital decisions have to…
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Company Formation in Saudi Arabia Introduction The Saudi Arabia company law recognized four types of business entities: the joint stock company, the limited liability company (LLC), the partnership as well as the branch of a foreign company. To procure the status of a shareholder, the foreign individual or entity must…
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Abu Dhabi Global Market (ADGM) – Special Purpose Vehicles (SPV) and Foundations As a company within the Middle East, there are many seemingly insurmountable risks, such as financing, asset transfers or high-risk opportunities, which risks previously held no viable risk mitigation alternatives. However, the ADGM now supplies a competitive entity…
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Mersin Free Trade Zone At the beginning of 1987, Turkey set up various Free Zones. The First Free Trade Zone was built up in Mersin and Antalya in 1985. The building of the Mersin Free zone is on a geopolitically significant area in the Eastern Mediterranean shores. It lays…
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Открытие бизнеса в Абу-Даби в свободной зоне TwoFour54. Введение Свободная зона TwoFour54 расположена в Абу Даби. Будучи столицей ОАЭ, Абу-Даби является очень важным центром бизнеса в стране. Однако, когда кто-то думает об ОАЭ, Абу-Даби часто не тот город, который приходит первым на ум. Вместо этого Дубай часто рассматривается как бизнес-центр…
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