Saudi Arabia Eases Kafala System Restrictions on Foreign Workers Saudi Arabia has smoothened the “Kafala system” restrictions on migrant workers. Under this system, the lives of some 10 million workers are under their employer facilitating abuse and exploitation including forced labor, trafficking, and slavery-like conditions. Among other Gulf countries, Saudi Arabia has one of theRead more

FDI License Abu Dhabi A new FDI(Foreign Direct Investment) license implemented by the Abu Dhabi Department of Economic Development (ADDED) with 100% ownership of the business investors within the emirate. The FDI license targets businesses with capital ranging from Dh2 million to Dh100 million or even higher. This FDI license will create a positive impactRead more

Israel is open for business with the United Arab Emirates by following a surprise peace agreement to normalize relations Israel & UAE Are Tying Up For Business – The two states have built commercial and technological links, but with the arrival of a joint US-Israeli delegation on Monday they can now work together out inRead more

Ras Al Khaimah has given exemption for certain commercial activities that was affected by lockdown and other precautionary measures by giving a good reduction in the trade license renewal fees. They will also get full exemption from fines incurred during the lockdown. The new directives have taken measures to ensure the continuity of business inRead more

DIFC launches new license for entrepreneurs as ‘Innovative License.’ Another exciting move for startups, technology firms and entrepreneurs. Dubai International Financial Centre (DIFC) has recently launched a new license as an ‘Innovation license” to fuel next level creativity and innovation. On Tuesday, the DIFC press release stated that the all-new “Innovation License” is a greatRead more

UAE Resident Visas expired in March and April must proceed with the renewal process immediately The Federal Authority for Identity and Citizenship (ICA) has decided to renew the residency visas and Emirates ID cards. This will be conducted in phases according to the month of renewal. This will help implement social distancing at ICA centers as a precautionary measure in thisRead more

Economic Substance Regulations (ESR) which was implemented by the Ministry of Finance under UAE government in the Cabinet Ministry Resolution of 2019. Now it is decided to arrange the entire region with global standards in the prevention of Base Erosion and Profit/Income Shifting (BEPS). ESR will be applied to nine relevant business activities as perRead more

On Thursday 12th March 2020, the council of Dubai Government under the directive of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, presented a Dh1.5 billion economic stimulus package to support companies and business sectors in Dubai. This package is for the nextRead more