Relevant Legislation and Effective Date The United Arab Emirates (the UAE) issued the Cabinet of Ministers Resolution No. 31 of 2019 concerning economic substance regulations (the Resolution), effective from 30 April 2019 (the Effective Date). On 12 September 2019, the UAE published a guidance document (the Guidance) regarding the Resolution. The Guidance clarifies certain aspects […]
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NewLaw: Why you need to know what this term means.
Whether you are a start up, an SME or a large diversified organization, there comes a time when you need more hands on deck to attend to ‘the legal stuff’. This may be because the existing team is at its capacity or because those who used to tend to legal work have had their priorities […]
What are the steps to sell my UAE business, and how long will the process take?
It’s that time of the year when you’re thinking of selling your business. You’ve had this thought process before. And each time you think you will get more information, do some research, talk to people in the know and just do it. Nike style. However, things get in the way (read: you don’t know what […]
How do I make my business attractive to a potential buyer?
The Situation/Problem So, you’ve had success and now you’re spending more time thinking of your next big idea than the business you currently own (let’s call the current business ‘Business A’). No problem there. You then realise that to really make the new idea a success, you would need to devote most of your time […]
I’ve found a buyer for my business. Now what?
So, it’s (finally) happened. The big breakthrough. The day you thought about when your business was first considered a success! The day you found out that someone was interested in your business; not just interested but actually keen to buy it! Your excitement knows no bounds. After the initial excitement dies (even if only temporarily) […]
