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MOHRE: New classification of private companies

On June 1, 2022, the Ministry of Human Resources and Emiratization (MOHRE) announced the new classification system for establishments in the private sector. It classifies companies into three categories. The initiative is designed to protect the rights of employees and motivate companies to adhere to labor regulations, making private firms in the UAE an ideal

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The all-new Emirates ID: Photo guidelines & Features

The Emirates ID will be used as primary proof of residency as an expatriate and visa stickers on passports have been eliminated. These changes have taken effect as of April 11, 2022. Here is a quick guide to avoiding delays on your Emirates ID application. The following are the photo guidelines for expatriates per the

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In a nutshell: Ras Al Khaimah’s growth and development Q1

UAE’s northernmost emirate has been making headlines since the start of 2022. Ras Al Khaimah has already accomplished a lot in Q1 alone. The government continues to support its resident and the business sector and has introduced several initiatives to drive growth. We have summarized for you the key developments in RAK in Q1. I.

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Newsletter May 2022

Dear Friends and Clients, The trade mission to Cambodia was a resounding success, not only for the participants but also for the emerging market of the country. The fact that the small Austrian delegation was able to obtain conference appointments with three ministers in the short term shows not only the efficiency of the organization

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All you need to know about Entry and Residency Permits in the UAE

As part of its efforts to reinforce the UAE’s reputation as a desirable destination to live, work, and invest in, the UAE has recently approved executive regulations of the Federal Decree-Law on Entry and Residence of Foreigners. The executive regulations detail the types and conditions of entry visas and residence permits. With the new system

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SLG Newsletter April 2022

Dear Friends and Clients, The rosy future lies ahead of us? Are we sure of that after the last 2 1/2 years and what is still to come? We have left some things behind us, at least the fear of pandemics or the belief in trustworthy governments or reliable statesmen. Even the belief in a

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What’s new in Ras Al Khaimah?

Ras Al Khaimah has successfully built a place in the region, and soon the world. Thanks to its strategic geographical location, tourism initiatives, ease of doing business, industrial-strength, and affluence of human capital, the northernmost emirate of UAE is becoming a popular choice of tourists, residents, and investors. Let us take a look at the

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Dubai’s real estate market continues to grow in 2022

Property transactions in 2021 totaled 84,772 and were worth 300 billion AED. A total of 52,415 investors acquired 72,207 new properties in the emirate. According to the annual transaction report issued by Dubai Land Department (DLD), the emirate saw a 65% increase in the number of property transactions and a 71% increase in value last

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M&A boom in MENA gets close to $100 billion

Middle East and North Africa M&A deals rise by 66% in 2021 amid economic recovery with UAE and Saudi Arabia leading the surge with energy and tech sectors according to EY MENA M&A Insights report. M&A levels in 2021 increased to 366 deals from just 192 in 2020, primarily driven by domestic deals. The value

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Podcast: INVESTIEREN UND LEBEN IN DEN NÖRDLICHEN EMIRATEN & RAS AL KHAIMAH

Our Managing Partner, Jakob Kisser, participated as a guest speaker in a (German language) podcast organized by STM Corporate Group in which he shared his experiences on doing business in the Northern Emirates. You can access the full podcast by clicking on these links: https://www.perspektiveausland.com/episodes/noerdliche-emirate-und-ras-al-khaimah https://www.youtube.com/watch?v=p1Ymh5YffY4 Send us an email at office@slglaw.cc if you have

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