Abu Dhabi City is the capital of the UAE, which was founded in December 1971 as a federation between six of its seven constituent emirates, namely, Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah and Umm Al Quwain. The emirate of Ras Al Khaimah (RAK) joined the following year. The federation is governed by the UAE constitution, which permits each emirate...
The Foreign Investment Law regulates the investment of foreign capital in economic activities. It applies to non-Qatari nationals who wish to undertake business in the country. In most sectors of the Qatari economy, foreign investors are allowed to carry out businesses provided that they have a Qatari partner with a share of at least 51% of the...
Despite its small size, Qatar has become a magnet for regional investment over the past decade. Foreign investment in Qatar is governed by Law No. 13 of 2000 (the Foreign Investment Law), which is applied to non-Qatari nationals who wish to undertake business in Qatar. In addition to the flexibility offered by this law, foreign investors may...
The UAE is a federation of seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Kamiah, Sharjah and Umm Al Quwain (the Federation). In establishing the UAE, the rulers of these emirates agreed to a provisional constitution (the Constitution), which provides the legal framework for the Federation and declares Islamic sharia jurisprudence the...
To provide an encouraging environment for companies to flourish, in 2012 the UAE enacted a new competition law, Federal Law No 4 (the Competition Law). It came into effect on February 23, 2013. WHOM DOES IT AFFECT? Ostensibly, the Competition Law applies to all entities operating in the UAE, and to those operating abroad whose activities affect...
OVERVIEW OF THE LEGAL FRAMEWORK: The Basic Statute of the State – Royal Decree (RD) No. 101/1996, as amended – serves as Oman’s constitution and is the bedrock of all laws. Recent amendments to the Basic Statute empower the legislature with extensive legislative powers. All primary legislation is...
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