Mar 21, 2023

Futures Exchange Contracts

On March 12, 2023, the Financial Regulatory Authority (the “FRA”) issued a Decree that amends some articles of Decree No. 33 of 2019 on the regulations and procedures for licensing the activity of Futures Exchange contracts. Read more…
Feb 22, 2023

Dubai Family Businesses Center

In the light of supporting and helping grow family-owned businesses Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has established a new center in order to promote the sustainability and growth of family businesses in Dubai. Read more…
Feb 16, 2023

UBOs Register

On May 1st, 2020, the Egyptian Minister of Supply and Internal Trading issued the Ministerial Decree No. 41 of 2020 to amend some provisions of the Executive Regulations of the Law No. 34 of 1976 regarding the Commercial Register. In December 2022, the Internal Trade Development Authority (ITDA) announced that the Decree now entered into […]
Dec 29, 2022

The Ministry of Finance Decree No. 426 of 2022

The Ministry of Finance issued decree number 426 approving new amendments to the VAT Executive Regulations No. 77 of 2017. The Decree created a new incentive system for consumers, retailers, and service providers. Read more…
Dec 26, 2022

UAE Corporate Tax Law No 47 of 2022

On October 3, 2022, the United Arab of Emirates (“UAE”) has issued its long anticipated Federal Decree-Law No. 47 of 2022 on the taxation of corporations and businesses (“Corporate Tax Law” or “Law”). The Law comes into effect 15 days from its publication in the official Gazette and applies to Tax Periods commencing on or […]
Sep 29, 2022

Levari Today Edition 2

Introducing Levari Today Edition 2, a comprehensive supplement to the legal and economic trends in the region. Read more…
Sep 26, 2022

7 things to know about setting up a shop in Mauritius

SEVEN THINGS TO KNOW ABOUT SETTING UP A SHOP IN MAURITIUS 1.0
Sep 19, 2022

The Execution of UK Judgments in the UAE is Finally Allowed

On 13 September 2022, a Circular was issued by the International Cooperation Department of the UAE Ministry of Justice on the confirmation of the reciprocity of enforcing the UK court judgments in UAE. As per the Circular, the reciprocity requirement stated in Article 85 of the Executive Regulations of the UAE Civil Procedures Law of […]
Aug 18, 2022

Amendments to the SMEs Finance Act

The enactment of Law No.151/2022 amending some provisions of Law No.141/2014 is a step towards providing more protection to the entrepreneurs by paying special attention to Small & Medium Enterprises “SMEs”. The new law has added two new definitions, one of which includes brokerage activities to collect or grant funding that helps both clients and […]
Aug 02, 2022

Levari Today Edition 1

Introducing Levari Today, a comprehensive supplement to the legal and economic trends in the region.Read more…
Jul 20, 2022

Jurisdiction Comparison Chart Collaboration with Clara Technologies

Choosing where you form your holding company is one of the most important decisions you’ll make as a #founder. Different #jurisdictions have different rules, benefits and drawbacks for you, your #startup and your #investors. Together with Clara Technologies , we’ve put together a handy guide to help you decide which jurisdiction you should choose for your #HoldingCompany. #LevariLaw #ClaraTechnologies #investing #jurisdiction Download: Clara Levari Chart
Apr 01, 2021

Amendments to Stamp Tax and Income Tax Laws

As a part of the governmental efforts to improve the investment climate in Egypt. Law N. 199 of 2020 has been published in the official gazette on 30th September 2020 (the “Law”) to amend certain articles of reducing stamped duty tax and capital gains tax.

Jan 15, 2021

Heavy Industries Licenses in Egypt

On 3rd December 2020, HE Prime Minister Dr. Mostafa Madbouly issued a new decree No. 47 of 2020 regarding the rules, regulations, and procedures of the licensing heavy industries. (the “Decree”) The Decree specified that heavy industries shall refer to cement, lime, plaster, iron, steel, tobacco, spirits, and wines. In accordance with the Decree, the […]
Aug 11, 2020

Micro to Medium Enterprises Law in Egypt

The new Law No. 152 of 2020 was issued to regulate the development of Micro, Small and Medium Enterprises (the “Law”). This Law was published in the Egyptian Official Gazette on 15th July 2020. The Law mentions the following main types of enterprises and its definitions: Micro Enterprises: – Companies or establishments whose annual turnover […]
Jul 22, 2020

Personal Data Protection Law in Egypt

On 15 July 2020, Law No. 151 of 2020 concerning Personal Data Protection has been finally issued: The Law stating on the obligations of businesses regarding the personal data of individuals and their privacy. The Law also stated on different types of data such as personal data, sensitive personal data, including the child’s data, and […]
Jul 20, 2020

Consumer Protection Law in Egypt

The application of Article 15 of the Consumer Protection Law No. 181 of 2018 and its effect thereof on Private Compounds: Recently, the real estate development companies (the “Development Companies”) stated in their apartments and units’ sale contracts that the Development Companies shall be entitled to receive a percentage of 5% and up to 10% […]
Jul 10, 2020

Economic Substance Regulation in the UAE

As part of the United Arab Emirates (“UAE”) commitment as a member of the Organization for Economic Cooperation and Development (OECD) inclusive framework, and in response to an assessment of the UAE’s tax framework by the European Union Code of Conduct Group on Business Taxation, the UAE introduced a Resolution on the Economic Substance (“ES”) […]
Jun 08, 2020

New Financial Rules due to COVID-19

Law No. 24 of 2020 issued by the Egypt’s President Abdel Fattah El Sisi on 07/05/2020 stated that the Council of Ministers may undertake the following: Postpone the payment of all or part of the real estate due tax for a period of three months as maximum. This period can be renewed for a similar […]
Apr 30, 2020

Why COVID-19 is Unforeseen Circumstance?

What is the theory of Unforeseen Circumstances in the Egyptian Law? The Egyptian Law and the Egyptian Court of Cassation’s judgments have defined the theory of Unforeseen Circumstances as exceptional and unexpected accidents occurred when concluding the contract or prior to its execution which cannot be controlled by the contracting parties, thus, the execution of […]
Apr 14, 2020

In the UAE: MOHRE Decisions due to COVID-19

On 26th of March 2020, the Ministry of Human Resources & Emiratisation (“MOHRE”) published Ministerial Decree no. 279/2020 (“the Decree”) to protect the position of the Non-Emirati Employees (the “Employee(s)”) and to organize the relationship between the Employees and the Employer as a result of the precautionary measures taken during COVID-19 outbreak. The Decree stated […]