UAE visa amnesty, new laws announced, petrol prices increased, Dubai real estate strategy and more of the top news stories this week
Dubai law
Latest in Dubai law
audit
Dubai announces new financial misconduct laws with travel bans and asset freezing for offenders
Dubai amends Financial Audit Authority laws with penalties and appeal rules for violators
Dubai
Dubai announces 2024-2029 legislative strategy; plan will promote transparent laws and balance economic, societal and environmental concerns
Dubai Supreme Legislation Committee announces 2024-2029 strategic plan
DIFC
Dubai’s DIFC launches ‘groundbreaking’ Digital Assets Law to enhance legal certainty, boost investor confidence
The new DIFC law, which went into effect on March 8, defines the legal characteristics of digital assets as a form of property, outlining how they can be controlled, transferred, and dealt with by interested parties
DIFC
Dubai International Financial Centre introduces major digital asset laws
DIFC introduces world-first law on the regulation of digital assets and security for investors and businesses in Dubai
Department of Economy and Tourism
Sheikh Mohammed announces Dubai investment platform to support businesses with instant licences, fee payments, permits and more
Unified Digital Platform for establishing companies in Dubai will boost business environment and economy
dubai banks
Dubai announces new tax
Dubai has announced a new tax on foreign banks operating in the Emirate
DIFC
Dubai plans DIFC law changes
Dubai International Financial Centre proposes new laws as it aims to keep in line with international best practice
Dubai Land Department
Dubai ruler issues new law on country’s Real Estate Regulatory Agency
The new law includes restructuring the legal provisions of the agency
DIFC
DIFC Courts sees 60% rise in cases in first half of 2018
More businesses are opting for Dubai’s common law court to resolve disputes