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January 11, 2022|
The year 2021 has seen many critical changes being brought into the legal regime of the United Arab Emirates. The new changes have been critically aligned with the economic reforms initiated in the region that aim to build a flexible business environment in the UAE, one that furthers the economic prosperity. The United Arab Emirates is home to a multitude of ex-pat populations to the tune of almost ninety per cent of the total population, and inculcating the same, the new laws also aim to make the region more expat-friendly and adaptable.
The new changes have made amendments to almost forty laws in total, including some of the major changes made to the commercial company's law, the UAE penal code, the UAE trademarks law and the personal status laws.
The new legal changes effected in the UAE pave the way for a new and modern era for the country, one that proves its attractiveness to global investors and innovators. The changes are aligned with the ambitions of the country to become the leading business hub and also to establish a well-diversified economy. The new changes are a welcome move that will certainly attract more foreign direct investment in the region as well as spurt further economic growth.
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