Alpha Management licensed as a Company Service Provider as part of new ADGM Framework

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Alpha Management Limited has been granted a license by the ADGM Registration Authority to conduct “Company Service Provider” activities in line with the recently introduced ADGM Company Service Provider framework (“CSP Framework”), which became operational on 12th July 2021. The CSP Framework is designed to ensure a robust regulatory regime for company service providers in ADGM that is in line … Read More

100% foreign ownership in mainland companies to start from June 1st 2021

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The previously announced commercial law allowing 100% foreign direct ownership in local UAE companies will come into effect from 1st June 2021, the UAE’s Ministry of Economy has announced. All current and previously licensed businesses in the UAE are eligible to amend their statuses according to the new additions to the commercial companies law. In November 2020, the UAE government … Read More

Round-Up: Crypto businesses in DMCC, new types of UAE residency visas, and number of new DIFC firms grows 20%

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DMCC Crypto Centre Dubai Multi Commodities Centre (DMCC) has announced it will establish a regulatory framework for businesses offering, issuing, listing, and trading crypto-related assets. The “DMCC Crypto Centre” intends to issue bespoke licenses for firms in the crypto space after signing a Memorandum of Understanding with the Securities and Commodities Authority (SCA). The two authorities will collaborate to approve … Read More

Round-up: “Invest in Dubai” platform launched, DED releases 2020 license statistics, and UAE ranked for ease of setting up an online business

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Invest in Dubai platform launched Last week Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the ‘Invest in Dubai’ platform which claims to enable investors to obtain trade licenses and launch a business in only a few minutes. The list of local and federal entities that contributed to the … Read More