Purchasing Property in Dubai
Foreigners and immigrants account for almost 89% of the population of the United Arab Emirates. It was only recently in 2002 that the foreigners were allowed to buy property in specified areas around the UAE. Through Regulation (3) of 2006, Emirate of Dubai determined the areas where foreign nationals were allowed to acquire ‘Real Property’- (Read more...)
Establishing E-Commerce business in the UAE FreeZone
The e-commerce business while already thriving got a big boost during this pandemic when people relied on online platforms for even grocery shopping. Despite having the best shopping malls, many companies in the United Arab Emirates (UAE) are expanding their e-commerce platforms for reaching wider markets. In the UAE the first step for establishing any web-based company is obtaining a license from the Department of (Read more...)
Residence Visa in the UAE
The United Arab Emirates (UAE) provides resident visa to an individual and his/her dependents if he/she (1) is employed by a company, (2) is employed in the government sector (3) has invested in a business (4) has a property, in the UAE. Additionally, university sponsored students and elderly foreigners who want to retire and reside (Read more...)
Recent Amendments to the UAE Bankruptcy Law
The post Covid amendments made to the UAE’s Bankruptcy Law of 2016 are a drastic but necessary step to deal with the steep fall in the growth and profits of the companies based in the United Arab Emirates (UAE). The resulting fall in growth of companies amid the Covid-19 crisis not only affected their profits (Read more...)
Doing Business in United Arab Emirates
The UAE is the major regional hub and the commercial capital for the Middle East. It has one of the most liberal trade regimes in the Gulf. The position of the UAE means it is the centre of traffic between Europe, Africa, and Asia. As a gateway between these regions, the UAE holds the potential (Read more...)
Doing business in Dubai: local partner or on your own?
In this post I want to go into practical detail and answer a series of questions investors ask themselves when they decide to implement a process of internationalization here in the Emirates. Tackling and solving these first questions is fundamental to the success of the whole venture, because building such a project is a bit (Read more...)
Why should you get in touch with a lawyer to start a business?
Starting a business? Get in touch with a layer. Let’s start with a practical situation. After a trip to Dubai, an Italian entrepreneur in the food industry decides to enter the market there, realizing the Emirate offers many opportunities, particularly in light of the upcoming Expo 2020. Now, what can he do to get some (Read more...)
Prevention is better than cure
Also in the law fields is better to prevent. Over the years medicine has taught families the importance of prevention, of taking care of ourselves to stay healthy and avoid illness. Unfortunately, the legal profession has not followed the same example and, even today, it’s common to hear the same opinion of a client I (Read more...)
Why a written contract is important (second part)
.In the last post I dealt with this subject – the importance of the written contract – which could seem banal, but which, on the contrary, is an issue that ought to be clearly put on the table. And so I’ve decided to go into further detail about this in a second article. If in the (Read more...)
Why a written contract is important
If you lose a 2 million dollar project because you forgot to finalize a contract, what can you do? Nothing, I’m afraid. If something like this happens, you can’t react afterwards and hope to fix it. That contract is lost forever. I’m not speaking about a hypothetical case, but of a real occurrence. Here in (Read more...)
The Breitling case: incorporated joint venture in Dubai
Today I want to discuss joint ventures and, in particular, a real case I dealt with a few months ago. But first I think it’s useful to spend some introductory words on what a joint venture is and what forms it can take. The term Joint Venture defines a form of collaboration among enterprises, with (Read more...)
