Latest News

CONNECT, NOW.
We understand the importance of availability, and we act on it.

New Deadline for Compliance with UAE Law on Commercial Companies

20/6/2016

The UAE Cabinet has postponed the deadline for compliance with Federal Law No.2 of 2015 on Commercial Companies.

The UAE Cabinet has postponed the deadline for compliance with Federal Law No.2 of 2015 on Commercial Companies. Initially, commercial companies were expected to comply with the new requirements before 30 June 2016. Companies that did not amend their Memorandum and Articles of Association by this deadline would be subject to dissolution and fines.

However, companies and various authorities, including the Securities and Commodities Authority and departments of economic developments across the UAE, reported that some businesses were having difficulties in getting various approvals to comply with the new Law. The UAE Cabinet therefore decided to grant an extension of one year to all commercial companies. The new deadline for compliance to Federal Law No.2 of 2015 is 30 June 2017.

You might also like...
Borrowers and Credit Card Holders Beware!
On 4 May 2022, the Central Bank of UAE (CBUAE) raised the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 points. This decision was influenced after the U.S. Federal Reserve raised its target rate by 50 points in the face of inflation.
read More
Small Business Owners, Rejoice!
The UAE has always been an attractive hub for business owners from all over the world due to its tax-free commerce status. The government is now focusing on new beginnings and has set new rules to help local and small businesses thrive.
read More
Looking to Set-Up your Business? Don't Miss this Opportunity!
Check out this game-changing package which benefits investors in terms of paying the fees for their business setup on an ongoing monthly basis. Potential investors are required to sign a lease contract and move their operations into the free zone before the end of January 2022 to avail the offer!
read More
SEE ALL INSIGHTS
Thanks, got it!
Something went wrong, please try again.

Use our online calendar to set up your own appointment and connect to an elawyer for a consultation.