Principles of Anti-Money Laundering and Combatting the Financing of Terrorism
Introduction and Applicability of the Regulations Money laundry is a process by which the source of illegal funds is disguised to allow its unsuspicious expenditure by mitigating the risks associated with jeopardizing the source of such illicit funds. Often, terrorist and illegal organizations utilize laundered money to fund themselves and their operations. Hence, both activities …
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UAE’s New Federal Law on Countering Rumors and Cybercrimes– Key Amendments
The UAE Federal Law by Decree No. 34 of 2021 (the “New Law”) on Countering Rumors and Cybercrimes was introduced in the UAE amongst the new legislative introductions in light of UAE’s 50th anniversary which has now come into force on January 2nd, 2022. The New Law is a reform of the repealed Federal Law …
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Explained: Does corporate tax apply to freelancers?
‘Corporate Tax’ can better be understood as a form of direct tax levied on the net income or profit of a corporation or business entity. It is also commonly referred to as ‘business profit tax’ or ‘corporate income tax’. The United Arab Emirates has now introduced, for the first time, federal corporate tax in the …
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Under what conditions are divorces denied in the United Arab Emirates?
When dealing with divorce, you might have inadvertently come across various facets of what is commonly referred to as ‘family law’. The term ‘family law’ in the UAE broadly refers to the Federal Law no. 28 of 2005 on ‘Personal Status’ and its amendments (Personal Status law) that governs all aspects relating to the marriage, …
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Learn more about the new personal data protection law in the UAE?
The United Arab Emirates has issued for the first time a federal law for the protection of personal data, namely the ‘Federal Decree-Law no. 45/2021 on the Protection of personal data’ (‘Personal data protection law’). The provisions of the personal data protection law apply to the Processing of personal data in the UAE, whether done …
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How can a tenant challenge the rent increase in the country?
The United Arab Emirates is a federation of seven emirates, with each emirate being governed by its own ruler; this brings in the application of local laws along with federal laws. This is especially true when concerning property laws. For instance, in Dubai, the property matters are subject to the provisions of local laws, which …
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How to avoid legal actions on trademarks in the UAE?
The Trademarks law in the UAE provides a very comprehensive definition for a ‘trademark’, ‘A Trademark is everything that takes a distinctive shape of names, words, signatures, letters, Symbols, numbers, addresses, seals, Drawings, Pictures, Engravings, packaging, graphic elements, forms, colour or colours or a combination thereof, a sign or a group of signs, including three-dimensional …
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Do you need any permission for a second marriage in the UAE
Such a query is often concerning Muslims, as pursuant to the Islamic Sharia laws, a Muslim male may have as many as four wives. Thereby, polygamy is practiced in the UAE. That said, the Sharia laws also place high responsibilities on the male, specifying that further marriages should be entered into only when the husband …
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Explained: All you need to know about digital services for family disputes in the UAE
In a recent development, the Ras Al Khaimah Courts Department has launched a new electronic registration system for family cases. The new service can be accessed through the official electronic portal maintained by the Ras Al Khaimah government. The new system for electronic filing has been now introduced with the specific aims to simplify the …
Explained: Does corporate tax apply to freelancers?
‘Corporate Tax’ can better be understood as a form of direct tax levied on the net income or profit of a corporation or business entity. It is also commonly referred to as ‘business profit tax’ or ‘corporate income tax’. The United Arab Emirates has now introduced, for the first time, federal corporate tax in the …
Continue reading “Explained: Does corporate tax apply to freelancers?”