Bsb.Legal

Trespassing is an offence in UAE which can attract criminal liability of both imprisonment and a fine. What is trespassing? It means to enter someone’s land, house or property without permission. A trespasser can enter into or upon the property with intent to commit an offence, intimidate or remain there unlawfully. Article 474 of the UAE Penal Code (Federal Decree-Law No. 31 of 2021) defines the offence of trespass as: "Any person who enters into an inhabited place or a place intended for dwelling or any of its appurtenances or a place intended to safeguard money or a real estate, against the will of the concerned person, and in other than the cases indicated in the law, and any person who remains therein against the will of the person who has the right to evict him if he is found hiding from such rightful person” The convict shall be jailed for a period of not exceeding 1year or a fine not exceeding AED 10,000. In addition to this, the court shall order the eviction of the of

  UAE announced an attractive visa system called ‘green visa’ and it has been made available from 3 rd October 2022. The purpose behind this scheme is simple, the country wants to attract the best talent across the globe. ‘Green Visa’ can have a validity period of 5 years or more. Due to immense job opportunities available in UAE, this self-sponsored long-term visa is getting a lot of attention from professionals and experts. VISA SCHEME IN DETAIL Freelancers, self-entrepreneurs/self-employed individuals, highly skilled workers/employees and professionals and investors or partners in commercial activity can apply for a 5-year Green visa now . For professionals, it is important to have a Bachelor's degree and a minimum income of AED 15,000 and a valid job certificate. To fall under the category of highly skilled employee, the applicant must be classified in the first, second or third occupational level and receive a salary of at least AED 15,000 a month. The existing investors curr

To strengthen UAE’s position in the global business arena, the government of UAE in a historic move announced a ‘federal corporate tax’ for some selective businesses operating in this gulf country. This tax regime will come into force from 01st June 2023. Keeping in mind the best practice followed in other developed countries, a statutory tax rate of 9% will be levied on the companies.  In this article, we are going to discuss this new corporate tax regime with the help of our  best taxation lawyers of UAE . Relief for small and medium-sized enterprises In the opinion of our  top taxation lawyers of Dubai , this new taxation scheme is specially dedicated to protecting the interest of small and medium-sized enterprises. It is highlighted that there will be a zero-tax rate for taxable profits up to AED 375,000. The tax rate exceeding the minimum profit level is not disclosed by the ministry yet.  No personal income tax The Ministry of Finance clarified that there will be no tax on person

  “Mergers generate substantial synergies”- Roger Altman.  A merger happens when two companies get together to form a new company, and acquisition happens when acquiring company takes over the majority stake in the acquired company & continues with its prior existence. Mergers and acquisitions can help you realize economies of scale, reduce the cost of production, increase market share, reduce competition, multiply financial resources, access new markets, and ensure sustainability. UAE laws have provisions regarding the procedure of merger and acquisition which our  top lawyers in Dubai  suggest keeping in mind. The laws are as follows: 1.      For public joint stock companies:  Regulatory Framework: Decision of the Chairman of the Securities and Commodities Authority (SCA) Board of Directors No. 18/R.M of 2017 and  Rules for technical requirements: Decision No. 62/R.T of 2017. For initial approval, the board of directors of the merging companies must issue a resolution

  AN ATTEMPT TO REGISTER PATENT FOR TECH-INNOVATIONS IN UAE MILITARY DEFENSE     Intellectual property rights are designed to secure the interests and rights of inventors and ensures growth and expansion of any country. The unprejudiced and neutral system established by any country protecting IP encourages all inventors to publicly display their inventions for public benefit, which further generates wealth of any country and simultaneously increase welfare of any country. UAE being an international business hub has time and again acknowledged the need securing IPR and has worked in the direction of maximizing profits of companies registered within UAE. Nevertheless, alike most countries, UAE former laws on patent protection denied patent protection in the field of national security and military defense, which might witness a change with the new regulation issued in June 2022 especially for companies or organizations working for military defense or national security. The new r

  Consumer Rights in Dubai The UAE is a federal, Islamic and Arab country. Dubai is one of the seven emirates that make up the UAE. The UAE constitution is based on Sharia law and it governs the rights of all citizens. The Consumer Protection Law in Dubai i.e. Federal Law No. 15 of 2020 on Consumer Protection   repeals the Federal Law No. 24 of 2006 to protect consumers from unfair trade practices and to ensure that they are provided with accurate information about goods and services sold. Scope of Consumer Rights Law in Dubai Consumer rights in Dubai is a set of laws and regulations that protects the rights of consumers when they buy goods or services from suppliers. The law also covers transaction on ecommerce platforms and includes rules on unfair trading practices, warranties and guarantees, product safety, labelling. However, this law does not apply to eCommerce activities between customers in U.A.E & Businesses registered outside U.A.E. List of Rights granted to