News and information on Doing Business in Dubai
Under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman […]
Fintech started in the Gulf region wholly in 2017, when regulators began implementing policies to encourage the growth of the sector, and ut has been growing rapidly and sustainable despite the slower uptake of financial technology compared to others in the world. In 2019, the Middle East and North Africa (Mena) ecosystem received $517 million […]
DIFC announces a newly-enacted intellectual law which will take effect today. His Highness Sheikh Mohammed bin Rashid Al Maktoum, enacted a new DIFC Intellectual Property Law, Law No. 4 of 2019, yesterday. This law aims to govern the enforcement of intellectual property rights in the Centre to protect the intellectual property rights of DIFC entities […]
Four new licensing categories have been introduced by Dubai International Financial Centre (DIFC) to further improve the ease of doing business in Dubai. The new categories include those under “short-term” and “restricted” types. Retail businesses and other non-financial sector entities will be able to operate their businesses from within the DIFC cluster with flexible rates […]
Ranked among the top 10 onshore financial centres worldwide, the DIFC is arguably THE place to be for financial service companies looking at targeting not just the UAE, but the whole MENA region. Setting up a representative office in DIFC is one of the ways of testing the waters, before deciding on taking on a […]
A new DIFC employment law was enacted on May 30, to ensure that employers are giving at least 50 percent basic salary. This is a policy that has been based on workers’ experiences. Employers can no longer issue employment contracts with a basic salary of 50 percent and the rest as ‘allowances’ which has been […]