No Need for Local Service Agent in UAE : Breaking News

‘Local sponsor’ / Service Agent is a general term used in the UAE to refer to local service agents and nominee shareholders (sleeping partners) in mainland companies with foreign investment. A sponsor has to be an Emirati (UAE national) with a family membership card (Gincia). Operating a business in the Dubai Mainland area requires a … Read more

Trademark Registration in UAE : Process and requirements

In times of cut-throat competition and innovative marketing strategies, protecting your brand identity is of utmost importance. Thanks to the UAE’s world-class business infrastructure, investors and entrepreneurs from across the globe move to the UAE to start their own companies, which has led to healthy competition in the market. With the competition comes along the … Read more

Ultimate Beneficial Owner Regulations Explained

Cabinet Resolution No. (58) of 2020 regulating Beneficial Owner Procedures (the “Resolution”) came into effect on 28 August 2020 and replaced Cabinet Resolution No. 34 of 2020 issued earlier this year. The Resolution introduced new requirements for entities to disclose their beneficial owners. The purpose of the regulations is to enhance the transparency of entities registered in the UAE, as well as to combat terrorism financing and targeting the real persons behind money laundering.