A new district combining the commercial and financial hubs in Dubai has been created to support the “new economy” taking shape, it was announced on Tuesday, 14th January. His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai announced the following via Twitter: “Today, at the second Dubai Council session, … Read More
New DIFC employment law and regulations enacted
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE has enacted the Employment Law Amendment Law No. 4 of 2020, Dubai International Financial Centre (DIFC) announced on Tuesday, 14th January 2020. The Amendment Law introduces the new Qualifying Scheme workplace regime in the DIFC, replacing the current end-of-service gratuity payment system that has … Read More
The RAK ICC Foundation regime has been launched
The Ras Al Khaimah International Corporate Centre (RAK ICC) has announced the launch of its Foundation regime and has finalised the details in the RAK ICC Foundations Regulations 2019. These regulations make provisions for the registration of a Foundation established by a founder to dedicate certain assets towards specified charitable or non-charitable purposes. The Foundation will have a separate legal … Read More
DIFC enacts new intellectual property (IP) law
DIFC has enacted a new law that aims to improve the protection and enforcement of intellectual property rights. The new Intellectual Property Law (Law No. 4 of 2019) will enable DIFC based companies to secure their IP rights and create a safe environment for creativity and innovation. The new law covers patents, utility certificates, industrial designs and drawings, copyright, trademarks, … Read More