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KUWAIT MODIFIES NEW REGULATIONS REGARDING THE POWERS OF ATTORNEY

The Ministry of Trade and Economy in Kuwait last month released a statement outlining the new regulation with regards to power of attorney (PoA), which will come into effect in April 05, 2019.

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UAE - KSA ENTER INTO DOUBLE TAX TREATY

Earlier this month, the Kingdom of Saudi Arabia (“KSA”) issued the country’s first double tax treaty (“DTT”) with the United Arab Emirates (“UAE”). The aim is to avoid double taxation in respect to income, capital and further, to prevent tax evasion. This is the first treaty between the two respective (2) Gulf Cooperation Council states.

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Increase In Official Fees for IP Services In Pakistan

The Legal Group Advocates & Legal Consultants (TLG) would like to inform our clients and associates that The Ministry of Commerce of Pakistan issued an official circular, announcing an increase in official fee for IP services. The increases are up to 50% on the official fees applied for IP Services in Pakistan from the current rates.

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UAE: FIRST FEDERAL LAW SPECIFICALLY ADDRESSING PRODUCT SAFETY ISSUED

The United Arab Emirates (“UAE”) has issued its first Federal Law that specifically addresses product safety. The new law primarily aims to ensure the safety of products supplied within the country, facilitate trade to the UAE and develop a framework for product introduction to the country.

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Abu Dhabi issues laws on regulating relationships between public and private sectors

Earlier this month, President His Highness Sheikh Khalifa bin Zayed Al Nahyan decreed two (2) new laws for the year 2019 concerning the establishment of Abu Dhabi Investment Office (“ADIO”) and Public-Private Partnerships (“PPPs”). The Law is aimed to provide guidance to investors and promote the United Arab Emirates’ capital

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Myanmar Trademark Law

The Pyidaungsu Hlattaw Law No. 3, 2018 Day 11th Waning day of Pyatho Month of M.E year 1380 (Year 2019, January Month, 30th Day)

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UAE FTA ADDRESSES VAT ON DONATIONS, GRANTS & SPONSORSHIPS

The United Arab Emirate’s (“UAE”) Federal Tax Authority (“FTA” or the “Authority”) has issued a new Public Clarification (the “Clarification”) to outline

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RAK ICC Introduces its Premium Product

The Ras Al Khaimah International Corporate Centre (“RAK ICC”) is a Corporate Registry operating in the Emirate of Ras Al Khaimah, United Arab Emirates (“UAE”).

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NEW WORK LICENSE ANNOUNCED BY DUBAI HEALTH CARE CITY (DHCC)

The Dubai Healthcare City Authority (“DHCC”) has announced a Visiting Doctor's License (the “License”) - starting 20th January 2019 - which would allow international doctors to enter the country and work in up to three (3) different clinical facilities simultaneously for up to two (2) years within the DHCC freezone and also, sponsor their families.

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UAE: Anti-Corruption Law Amendments Approved

The United Arab Emirates’ (“UAE”) President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has Decreed amendments to the country’s 1987 Penal Code (Federal Law No. 3 of 1987) to strengthen and make the law more wide-ranging.

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NEW UAE FDI LAW ALLOWS 100% FOREIGN OWNERSHIP

Federal Decree-Law No. (19) of 2018:  Issued by his Highness Sheikh Khalifa bin Zayed Al Nahyan, the new Foreign Direct Investment (“FDI”) law, Federal Decree-Law No. (19) of 2018 (“FDI Law of 2018”), is now in force. The new law is anticipated and expected to by attract and encourage a greater number of foreign investments into the United Arab Emirates (“UAE”). 

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UAE Issues new Law to Combat Money Laundering and Terror Financing

His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued an official Decree for the creation of a Financial Information Unit and a National Committee to combat money laundering, the financing of terrorism and other illegal organizations. Both the Information arm and the Committee would be set up within the UAE Central Bank.

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Bahrain Applies New Value Added Tax (VAT) Rate

The parliament of The Kingdom of Bahrain has approved the introduction of Value Added Tax. The Value Added Tax (VAT) Law in Bahrain has been issued under the Royal Decree No. (48) of 2018 on October 6, 2018 and approved by the upper house. 

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Online Trademark Renewal System in Kuwait

Kuwait Ministry of Commerce and Industry (MoCI) has announced that the Department of Trademarks and Patents has upgraded its trademark renewal system. The new system has resulted in a switch from manual filing of renewal applications to an online system. 

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ABU DHABI ENABLES DUAL LICENSES TO FREE ZONE FIRMS

The Abu Dhabi Department of Economic Development (“ADDED”) announced a decision enabling companies to operate in the capital’s free zones as well as in the mainland simultaneously. The decision is aimed at reducing the cost of doing business in order to attract foreign investment to the UAE.

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TLG BECOMES A CHANNEL PARTNER TO SHAMS FREE ZONE

In addition to being an Agent of the Jebel Ali Free Zone Authority (“JAFZA’) and the Ras Al Khaimah International Corporate Center (“RAK ICC”), TLG’s Corporate and Commercial Division is proud to announce that TLG has become an official Channel Partner to the Sharjah Media City Free Zone (“SHAMS Free zone”) located in the United Arab Emirates’ (“UAE”) cultural capital, the Emirate of Sharjah.

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UAE CYBERCRIME LAW AMENDED

Issued in August 2018 as Emiri Decree No. 02 of 2018 (“Cybercrime Law Amendment”), the new decree amends the United Arab Emirates’ (“UAE”) Federal Decree Law No. 5 of 2012 On Combating Cybercrimes (“Cybercrime Law”).

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BAHRAIN: INTRODUCTION OF THE NEW DATA PROTECTION LAW

The Kingdom of Bahrain (“Bahrain”) recently issued Law No. 30 on the Protection of Personal Data (“Law No. 30/2018”) which is due to come into effect one month after it's publication in the official gazette. The Kingdom’s law on the matter states that protection of personal privacy is among one of the primary constitutional rights of a person

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VAT TOURIST REFUND PROCESS OUTLINED

Previously, in April 2018, the United Arab Emirates’ (“UAE”) Federal Tax Authority (“FTA”) had announced its intention to make it possible for tourists to reclaim Value Added Tax (“VAT”).

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VAT IN THE UAE: CENTRAL BANK ISSUES NEW NOTICE

On 19th June 2018, the Central Bank of the United Arab Emirates (“UAE Central Bank”) issued Notice No. 157/2018 (“Notice 157/2018”) amending Appendix 2 of the Regulations

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POLICY CHANGES ADOPTED BY UAE CABINET

Chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates (“UAE”) and Ruler of Dubai

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The UAE's Sweeping New Reforms: Ten Year Visa(s) and 100% Foreign Ownership of Companies

On 20th May 2018, the United Arab Emirates’ (“UAE”) Cabinet discussed to allow one-hundred (100%) foreign ownership of onshore companies within the country and approved the rule granting ten (10) year visa(s) for investors, exceptional students, entrepreneurs, innovators and specialists including scientists, doctors

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Mandatory Licenses for Social Media Influencers in the UAE

According to the draft law by the United Arab Emirates’ (UAE) National Media Council (NMC), social media influencers who post content

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Yemen: New Ministerial Resolution No. 20 of 2018

The Legal Group Advocates & Legal Consultants (TLG) would like to inform our clients and associates that the Ministry of Industry & Trade in Yemen

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