Search results
Results from the WOW.Com Content Network
The types of Business Licenses issued in the United Arab Emirates (UAE) are professional, commercial, industrial and tourism. The professional license covers services offered by professionals, artisans and craftsmen; the commercial license covers all trading and commercial activities performed with an intention of making profit ; the industrial license covers all industrial and manufacturing ...
The legal system in the United Arab Emirates is based on civil law, and Sharia law in the personal status matters of Muslims and blood money compensation. [1] Personal status matters of non-Muslims are based on civil law. [2] The UAE constitution established a federal court system and allows all emirates to establish local courts systems. [3]
A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies with a state as a regular stockholder .
The meeting room where the first constitution was signed on 2 December 1971 in Dubai. Today it is part of the Etihad Museum.. The Historically independent kingdoms, the modern emirates that constitute the United Arab Emirates and the modern kingdoms of Qatar and Bahrain entered into a treaty with the United Kingdom in 1853 and agreed to a Perpetual Maritime Truce with the UK; the kingdoms were ...
The standard rate of corporate tax is 9%, some exempt businesses and those with net annual profits under AED375,000 (US$102,100) qualify for a rate of 0%, and that fall under the criteria of the global minimum corporate tax rate agreement are charged a corporate tax rate of 15%. [5] Free zone businesses can get exempt from corporate tax as long ...
Being the highest judicial instance in the UAE does not mean that its jurisdiction applies to all seven Emirates: Dubai and Ras Al Khayma have their own local judicial system. Article 96 of the UAE Constitution reads as follows "The Supreme Court of the Union shall consist of a President and a number of Judges, not exceeding five in all, who ...
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
The emirates of Abu Dhabi and Dubai also have common law courts that adjudicate commercial cases in financial free zones, with both emirates allowing local businesses to opt-in to the jurisdiction of the common law courts for business contracts. [2] [3] [4]