Articles

One of the most critical questions in startup decision-making is probably, “What is the best legal structure for my business?” The entity you eventually select will have legal, operational and financial implications, so choosing the right fit for your business is a crucial step. There is no doubt that a lot of blood, sweat and [...]

Raising capital for a startup in times of economic expansion and prosperity is tricky enough, and in periods of economic downturn, it’s even harder. An investor’s appetite for investment and risk lowers considerably as they adjust their priorities in such circumstances, and they are also more careful in ensuring their investments provide a good return [...]

According to a recent survey, approximately 9 out of 10 business startups fail in the first year, and one of the most common reasons for this is a lack of funds. So, are you wondering whether it is the right time to raise funds for your startup? The answer will be different for every company. [...]

Over the past few years, the UAE has become a rising star in the global market, attracting wide-ranging businesses across diverse sectors, and sending a strong message to global investors, business owners and companies. The strategic location connecting East to West, its rich growth opportunities, and its impressive response to COVID-19 crisis is one of [...]

The UAE passed a federal law in 2019 to protect the welfare of older people. The Public prosecutors reminded the people of the country about the UAE’s Senior Citizen Law which protects the rights of older Emiratis. Individuals, whether they are family members or elderly care institutions, who mistreat or neglect the UAE senior citizens […]

In accordance with Article 5.1.2.2 (a) of the Consumer Protection Regulations for the UAE Banking Customers on “Account closure by the Licensed Financial Institution”, banks or financial institutions in the UAE need to inform the customer in writing the reasons for the closure at least 60 days in the advance notice before the closure of the bank account, in order […]

Legal Circle Team has created a useful FAQ for tenants to understand the topic of Rental Increment. See the Guide below and let us know what you think. Click here- Rental Increment – FAQ  

There are only two main incentives to work; Wages and fear of losing it! Henry Ford Understanding the Wage Protection System (WPS) The Wages Protection System in the UAE is a state-of-the-art electronic salary transfer system that enables institutions and organisations in the private sector to facilitate payment of salary to their employees via banks, exchange […]

The general rule is that when UAE is a party of reciprocal enforcement treaty, whether bilateral or multilateral, the recognition and enforcement of the foreign judgement and orders in the UAE will be governed by the provision of the relevant reciprocal enforcement treaty or convention. However, in the absence of such a treaty in place […]

Real Estate Registration in the Emirate of Dubai The provisions of Law No. 7 of 2006, grant the Real Estate Registration and Ownership Rights in the Emirates of Dubai to the following individuals: Type 1 – UAE nationals and other Gulf Cooperation Council (GCC) residents (and companies wholly owned by such nationals) who owns the right to own real estate property […]

Debt means “amount of money to be repaid” Financing means “providing funds” Debt Financing is a time-bound activity wherein a company borrows money for any business activity which needs to be repaid along with interest at the end of the agreed future date.   Understanding Debt Financing Debt financing occurs when a company raises money by selling […]

The UAE’s Ministry of Human Resource and Emiratisation (MoHRE) passed Ministerial Decision No 31 of 2018, which establishes legal frameworks that allow companies to recruit qualified employees from inside or outside the country, under multi-employer contracts (part-time contract). Under the new regime, part-time workers may work several part-time jobs without obtaining approvals from their primary […]

In the era of the fourth industrial revolution, there is a race for data – “the new oil” and for innovation and technology which is going to revolutionize every industry. Technology is developing quicker than we can imagine with the dawn of AI, BIG DATA, IoT, Cloud, Robotics etc. Legislators and regulators globally have the […]