Newsletters

  • The Foreign Direct Investment law and associated sector list

    In our news alert dated 21st of May 2018, we announced the decision of the Cabinet to draft a federal law on the 100 % foreign ownership of UAE- based enterprises. Within 4 months the UAE government drafted and enforced the Federal Law by Decree No. (19) of 2018 regarding Foreign Direct Investment (FDI law). This law outlines, among other considerations, the framework under which it will be possible, in the near future, to establish a 100% foreign owned enterprise in the UAE.

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  • Video & Radio Interview with Celine Farhat, MENA LEGAL Consultant in Dubai business registration opportunities for investors

    Vivre a Dubai: s'expatrier a Dubai, s'implanter a Dubai, investir a Dubai [2014]

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    Céline Farhat, une Française à Dubaï [2014]

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  • Cabinet’s approval on long term visa system for UAE residents

    The decision of the Cabinet follows the previous decision approved earlier this year to grant investors ten-year residency visa, as well as to grant residency visas of up to 10 years for specialists in the medical, scientific, research and technical fields, and for scientists and creative talents of culture and arts. The visa benefits also include the spouse and the children to ensure a cohesive family and social structure and to create a stimulating environment for stability and growth.

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  • Abu Dhabi court introduces compulsory translation

    The Abu Dhabi Judicial Department (ADJD) has announced the initiation of procedures that oblige the plaintiff in the civil and commercial cases to translate the case documents into English, in case the defendant is a foreigner.

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  • The new DIFC Companies Law

    On 12th November 2018 the Dubai International Financial Centre (DIFC) enforced the new Companies Law (Law or New Law) with the objective to promote better shareholder and creditor protection and adapt the international best practice and comparable models by introducing a new classification of companies. The law intends to provide greater certainty and flexibility for companies.

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  • Cryptomania in Africa

    Through its cooperation offices in Morocco, Egypt, Seychelles, Mauritius and South Africa, MENA LEGAL is specialized in providing consulting services for the benefit of our clients interested in investing in the African markets.

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  • UAE plans ICO Regulations for 2019

    The UAE Securities and Commodities Authority (SCA) recently announced that its Board of Directors has approved a plan to regulate initial coin offerings (ICOs) and recognize them as securities, which will allow companies to issue crypto tokens instead of shares. The regulation is expected to be in place in the first half of 2019. The proposed framework will regulate crypto-asset activities, including ICOs, exchanges, and other intermediaries, and will cover key risks such as anti-money-laundering and counter-terrorist financing, consumer protection, technology governance, and safe custody.

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  • Regulation Of Crypto Asset Activities In Abu Dhabi

    The Financial Services Regulatory Authority ("FSRA") issued on 25th June 2018 a guidance to the regulation of crypto asset activities in Abu Dhabi Global Market ("ADGM"). It should be read in conjunction with the Financial Services and Markets Regulations 2015 ("FSMR"), the relevant Rulebooks of the FSRA and the FSRA's Guidance & Policies Manual and its 'Guidance – Regulation of Initial Coin/Token Offerings (ICOs) and Crypto Assets under the FSMR ("ICO Guidance").

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  • How Blockchain And Cryptocurrencies Conquer The Sports Industry

    The terms “blockchain” and “cryptocurrencies” are nowadays very common in the daily business and the awareness and interest of the society is substantially growing. Thus, also the sports industry has detected the utility of fintech and the plans to implement its instruments for their purposes are present.

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  • UAE Cabinet approves new rule for retired expats

    On September 16th, 2018 the UAE Cabinet has approved a law to implement special residency visa privileges for expats retirees provided the requirements are met.

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