Book an appointment with us, or search the directory to find the right lawyer for you directly through the app.Find out more
We are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.
For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.
There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.
Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.Read the full edition
With Dubai International Financial Centre (DIFC) celebrating its tenth year as a financial services hubin the region, Al Tamimi & Company has published the latest edition of its expert handbook, ‘Settingup in the DIFC’.
Released at an important growth phase for both DIFC and the UAE’s wider economy, the bookprovides clear and comprehensive legal guidelines and information to assist local, regional and globalcompanies to either launch or expand their operations within the financial free zone.
DIFC has quickly established itself as the premier financial centre in the region, able to compete on aglobal scale, and offering a range of licensing options, including an Islamic Finance category. Astestament to its popularity, DIFC saw the number of active registered companies operating withinDIFC increase to 1,039 last year, a rise of 14 per cent. High occupancy rates have also driven itsexpansion plans, with new buildings in the pipeline worth AED 15 billion ($4.1 billion).
As leading local firm in the region, Al Tamimi has been a key growth partner for DIFC. Over the lastdecade, the law firm has assisted over 100 organisations to set-up in the free zone, includinginternational banks, local banks, investment firms, advisory firms, and other financial servicesproviders.
Husam Hourani, Managing Partner at Al Tamimi, said, “DIFC has firmly established itself as theleading financial centre in the region, with ambitions to ascend further on the global scale. It offerscritical advantages, such as putting both foreign and local investors on equal terms by allowing 100per cent foreign ownership and through a zero tax regime.
“In the last 10 years, Al Tamimi has been a key player in aiding DIFC’s growth, supporting companiesfrom around the world as they navigate how to set-up and grow their operations. With Dubai and theUAE expected to witness considerable economic momentum in the years ahead, and renewed interestin the Emirates following the Expo 2020 win, now is the right time to launch this book. Tapping intoour unparalleled experience in business set-up, its purpose is to help companies make decisions thatenable long-term, sustainable growth and success within DIFC.”
Jeff Singer, CEO of the DIFC Authority, added: “DIFC is one of the world’s pre-eminent financial hubs.Since 2004, we have successfully developed an ecosystem that provides a full range of professionalservices to the financial industry, as well as one of the best working environments in the world.
“As one of the region’s most highly rated law firms, Al Tamimi has played an important role insupporting growth both in DIFC and through the development of business in the wider Middle East.Their ability to combine best practice with local and international expertise has proved crucial forcompanies operating within the financial arena. This latest edition of the Al Tamimi ‘Setting up in theDIFC’ handbook is further testament to its considerable understanding of local laws and regulatoryprocesses, and it will be of a great help to businesses considering their operations in the DIFC.”
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.