Archive for category: Uncategorized

In an effort to align its laws with international standards, boost its economy and commercial opportunities, and enhance social stability, the UAE and its constituent emirates have introduced major legal reforms in 2020 and 2021.

Daburon & Partners Legal Consultants LLP has compiled a briefly commented list of the most relevant amendments to existing legislation and newly enacted laws.

Please click the LINK to download the list of new laws.

If you require additional information on any of the new laws and regulations or require legal advice on how they might affect you privately or in your business, please contact us at 

Daburon & Partners Legal Consultants LLP

Email: info@daburon-partners.com

Tel.: +971 2 6948655

Web: www.daburon-partners.com

Address: Office 2404, 24th Floor Al Sila Tower – Abu Dhabi Global Market Square – Abu Dhabi, UAE

Sozialversicherung für ausländische Arbeitnehmer in den VAE

Das Vorhandensein eines Sozialversicherungssystems ist für Unternehmen aus Europa eine Selbstverständlichkeit. Bei der Anstellung von ausländischen Mitarbeitern in den Vereinigten Arabischen Emiraten (“VAE”) stellt sich daher regelmäßig die Frage, wie Kranken-, Unfall-, Arbeitslosen-, Renten- und Pflegeversicherung vor Ort ausgestaltet sind und welche Beiträge abgeleistet werden müssen. Im aktuellen Informationsblatt betrachtet ANDERS LEGAL CONSULTANTCY die typischen Sozialversicherungszweige vor dem Hintergrund des Rechts der VAE.

Das Informationsblatt ist sowohl in deutscher als auch in englischer Sprache erhältlich:

Sozialversicherung für ausländische Arbeitnehmer in den Vereinigten Arabischen Emiraten

Social Security for Foreign Employees in the United Arab Emirates

Webinar Invitation:

National In-Country Value (ICV) Programme – Recent Developments in Local Content Requirements in the UAE

Background

The Abu Dhabi National Oil Company (ADNOC) had launched its localisation programme (In-Country Value – ICV) in late 2017, which came into effect in 2018 (ICV 1.0). The first round of revisions came into force in November 2018 (ICV 2.0). The third version of the ICV formula (ICV 3.0) took effect in May 2020. At the end of 2019, Abu Dhabi Ports and Aldar Properties had announced that they would follow the ICV program. The Abu Dhabi Department of Economic Development (ADDED), which had previously soft-launched its localisation scheme (Abu Dhabi Value), followed this development in early 2020. In September 2021, the Ministry of Industry and Advanced Technology (MoIAT) took over the ICV programme, rolling it out as the National ICV Programme, with Etisalat, Emirates Steel and TAQA Group joining the programme.

REGISTER HERE

100% Foreign Ownership in the UAE: New Environment for Foreign Direct Investment on the Eve of Expo 2020

Crowe UAE is pleased to announce the upcoming webinar “100% Foreign Ownership in the UAE: New Environment for Foreign Direct Investment on the Eve of Expo 2020”, taking place on Tuesday, 14 September 2021, 12:00-13:30 Vienna time (CEST)/14:00-15:30 UAE time (GST), and organised by Austro-Arab Chamber of Commerce (AACC) in cooperation with the esteemed Embassy of the United Arab Emirates in Vienna and Crowe UAE.

Recently, a new foreign investment law came into effect, allowing 100% foreign ownership of companies in the United Arab Emirates. Various clarifications, including procedural aspects, were provided in June 2021. The amendments to the commercial company law offer an ideal legislative environment for foreign direct investors to enhance the nation’s competitiveness. Foreigners opening a company in the United Arab Emirates will no longer need an Emirati shareholder or agent under the amended regulations of the commercial company law.

This webinar seeks to provide an overview of the legislative framework and advantages of the new law for the interested business community, as well as the UAE’s economic situation and recent developments.

Please save the date in your calendar and kindly register HERE. Detailed programme to follow shortly.