The process and framework for corporate debt restructuring and liquidation in the UAE is contained in the Federal Law No.9 of 2016 on Bankruptcy, introduced in December 2016 to bring the UAE into line with international best practice. The Bankruptcy Law applies to entities governed by the Commercial Companies Law as well as Freezone companies. Read more
PRO Partner Group Blog
A UAE resident visa must be secured whether a foreign national would like to invest, work or just live in the UAE. In this article we take a look at the different types of resident visa available in the UAE and talk though the best options for each as well as the requirements and steps. Read more
In this article we look at the options for redundancy and the use of the Virtual Labour Market in accordance with UAE Labour Law and the new Ministerial Resolution No. 279, 2020. The Virtual Labour Market platform should assist UAE companies in enhancing the flexibility of transfer and reducing operational burdens of the establishments that have surplus employees. Read more
Are you a business that wishes to work with ADNOC and looking to register as a company to be visible on the ADNOC Supplier List? The ADNOC vendor registration is a process which qualifies vendors and providers who wish to work within ADNOC and appear on their list of suppliers. During the procedure, ADNOC carefully select who they wish to work with - therefore there are some key considerations you must think about before starting the registration process. Read more
27
May
During the current Covid-19 restrictions many UAE companies are struggling to deal with the various issues surrounding employee leave arrangements and the various options for handling staffing matters at this time. Read more
A Trading Company in the UAE is defined as a business which supplies or distributes various types of products to consumers, businesses or the government. Generally Trading Companies can be categorised into two broad groups: Retailers who sell to the general public and Importers or Wholesalers who hold stock and deliver products to other businesses, who in turn sell those products to the public. Read more
A Trading Company in the UAE is defined as a business which supplies or distributes various types of products to consumers, businesses or the government. Generally Trading Companies can be categorised into two broad groups: Retailers who sell to the general public and Importers or Wholesalers who hold stock and deliver products to other businesses, who in turn sell those products to the public. Read more
The Dubai Multi Commodity Centre (DMCC) has announced the introduction of dual licensing enabling DMCC firms to extend their activities in the UAE mainland by seeking an additional license from the Department of Economic Development (DED). But what does this mean in practice and how do you set up a Dual Licence from DMCC. We discuss the key points and steps in this article. Read more
As companies in the UAE begin to search for more efficient and cost-effective ways to manage their business during COVID-19, there has never been a better time to consider outsourcing you Corporate PRO Service to support your company’s operational, admin and HR requirements. Read more
MOHRE now requires companies to register any temporary changes to employment arrangements, such as unpaid leave or salary reductions, through the MOHRE system using a Temporary Supplementary Annex. The MOHRE has reiterated that employers must ensure they have filed documents indicating consent from both parties of these changes to employment arrangements. Read more