WLN tag: #business
The Value of Warwick Legal Network for a Lawyer in China
As a lawyer practicing in China, being a member of the Warwick Legal Network (WLN) has been an invaluable asset in my professional journey. In an era where Chinese companies are expanding globally, having access to a reliable and closely-knit network of legal professionals worldwide is crucial. My experience with WLN has reinforced the importance […]
How Employee Share Incentives can help grow your business in the UAE?
Introduction: In the fast-paced business world of the United Arab Emirates (UAE), where many startups are growing, several of them choose to provide a certain form of ownership to their top talent to retain them for a longer period. Businesses choose several forms of share incentives that can make them attractive to such top talent. […]
NL: Lifting of Pledge Prohibitions Act: new financing possibilities?!
On 4 March 2025, the Senate adopted the ‘Lifting of Pledge Prohibitions Act‘. The law is expected to enter into force on 1 July 2025, although the exact date is not yet known. In this update, we briefly discuss the background of this law and the positive and possible negative consequences that this law has […]
UAE: Dubai's new tax law on foreign banks
Introduction The Emirate of Dubai in 2024 issued Law No. (1) of 2024 Concerning Tax on Foreign Banks Operating in the Emirate of Dubai. The law’s passing is an essential step to clarify the applicability of separate tax laws for foreign banks operating in Dubai. A similar law passed in 1996 imposed a Dubai Banking […]
Why is the UAE an attractive investment hub?
The United Arab Emirates’ (UAE) economic growth has been remarkable in recent decades. The country has transformed itself into a global business hub. Recognizing the significance of entrepreneurship and foreign investment, the UAE government has continuously adapted its rules and regulations to foster a business-friendly environment and make the country attractive to foreign investment. Foreign […]
Poland: Taxation of benefits for beneficiaries of a family foundation
Family foundations are gaining popularity as a solution that enables not only the protection of assets and their optimal tax multiplication, but also, and perhaps above all, the protection of the financial interests of the beneficiaries. The scope of benefits granted, the conditions and the manner of their payment are specified in the foundation’s statute. […]
UAE: "Know your Client" Law
The introduction of Federal Decree-Law No. (30) of 2024 (the “Law”), establishing a “Know Your Client” (KYC) Digital Platform, enabling identity verification is an important step forward for the United Arab Emirates (UAE) whereby UAE has committed to tackle financial crimes in the country. Objectives The decree law aims at achieving the following objectives: KYC […]
UAE: National Register for Carbon Credits and its impact on business in the UAE
The UAE’s cabinet recently adopted Cabinet Resolution No. (67) of 2024, which aims to reduce GHG emissions to achieve climate neutrality in 2050 and regulate the registration of carbon credits in the nation. Scope of application: The Cabinet resolution applies to the following: Measuring, reporting, and verification requirements: The resolution provides comprehension methods and forms […]
Poland: ZUS audits, part I 2. What documents can be controlled by ZUS? Guide for contribution payers
We continue our series on ZUS inspections! In the previous article, we presented what was most often the subject of ZUS inspections in 2024 and how companies are selected for inspection. This time we will focus on documents that ZUS can control. Inspections carried out by ZUS raise many questions, especially with regard to the […]
UAE: How does the UAE enforce minimum Emirati employment targets in the private sector?
The UAE has through the Federal Decree Law No. 9/2024, recently amended the Federal Law Regarding the Regulation of Employment Relationship 2021 to discourage Fictitious Employment that has been taking place in the UAE to fulfil the Emirati Employment Targets. The law aims to effectively implement the Emiratization Policy that the UAE government has introduced […]