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All posts by: re think

by in Compliance

Fund Management Eco-System in ADGM

ADGM offers fund managers a leading investment funds platform with application of Common Law combined with business-friendly ecosystem operating with international regulatory standards whilst maintaining investor protection rights. Key elements of ADGM’s Funds regulatory framework: Consideration for specialist funds (eg. VC Fund, REITs, Property Fund, Hedge Fund, etc.) along with innovative sector-specific rules; Authorisation criteria […]

by in Compliance

Economic Stimulus Package by DIFC (3.0)

Dubai International Finance Centre (DIFC) has come out with the new Presidential Directive no. 04 of 2020, also known as DIFC Covid-19 Directive. It sets out emergency measures for employers and employees in the freezone impacted by the coronavirus pandemic. Keynotes: Validity – the resolution is effective from April 21, 2020, until July 31, 2020, […]

by in Human Resource & Talent Acquisition

Corporate HR chiefs into the spotlight due to COVID-19 pandemic

Human Resource departments across many countries have experienced one of the toughest and most testing phases for some considerable time. HR professionals have stood steadfast in coping and managing the unexpected COVID 19 pandemic. It would seem that HR professionals are constantly juggling hats; they must keep employees healthy, oversee a vast remote-working experiment, uphold […]

by in Compliance

Economic Stimulus Package by DIFC (2.0)

On 7 Apr 20, the DIFC’s Dubai Financial Services Authority (DFSA) announced a set of initiatives aimed at providing significant assistance and relief to the wider DIFC financial services regime amidst COVID-19 pandemic. Whom do they apply? These incentives apply to new firms planning to operate in DIFC and existing businesses operating in DIFC. How […]

by in Compliance

Economic Stimulus Package by ADGM (1.0)

In response to the UAE Government’s efforts to provide economic stimulus to businesses during the COVID-19 pandemic, a number of free zones have announced major relief packages including fee waivers, rent holidays and waiver of penalties. On 1 Apr 20, the ADGM’s Registration Authority (RA) and Financial Services Regulatory Authority (FSRA) announced a set of […]

by in TAX

The UAE VAT Update – VAT Administrative Exception 

The Federal Tax Authority (“FTA”) has recently updated a VAT Administrative Exception Guide. What is VAT Administrative Exception?  The UAE VAT Law specifies administrative requirements, which, in general, should be fulfilled by all UAE VAT-registered businesses and individuals, despite the size of the business, volume of transactions, or any other unique aspects of the business. […]

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