U.A.E Consumer Protection Law Revamped: 46 New Offenses and Fine up to 1 Million

 U.A.E Consumer Protection Law Revamped: 46 New Offenses and Fine up to 1 Million

The United Arab Emirates has taken a significant step towards safeguarding consumer rights with a major overhaul of its consumer protection law. The revamped legislation, introduced in January 2024, introduces 46 new offenses and significantly increases fines, with the maximum penalty reaching a staggering 1 million Dirhams (AED).

 Key Highlights of the New Law: 
46 New Offenses: The law now explicitly defines and penalizes a wider range of unfair practices, including misleading advertising, hidden fees, product safety violations, and failure to provide adequate after-sales services.

Increased Fines: The maximum fine has been quadrupled from AED 250,000 to a hefty 1 million Dirhams, acting as a strong deterrent against consumer exploitation.

Focus on After-Sales Services: The law places greater emphasis on after-sales support, with businesses facing hefty fines for delays or inadequacies in repairs, replacements, and maintenance.

43 Obligations for Businesses: Businesses are now subject to 43 specific obligations regarding pricing, warranties, invoices, and product replacement, ensuring clearer transparency and fairer practices.

Imprisonment as a Penalty: In a first for the UAE, the law introduces the possibility of imprisonment for up to two years in certain cases, such as repeated violations or deliberate consumer harm.

Impact on Consumers and Businesses: 

The revamped law is expected to have a significant impact on both consumers and businesses in the UAE: 

Consumers: With stronger legal protection and harsher penalties for violators, consumers can expect fairer treatment, better quality goods and services, and improved after-sales support.

Businesses: Businesses need to adapt to the new regulations and ensure compliance to avoid hefty fines and potential imprisonment.

Overall, the revamped U.A.E Consumer Protection Law marks a significant step forward in protecting the rights of consumers in the country. It sends a clear message that unfair practices will not be tolerated and empowers consumers to demand better treatment from businesses.

Here are some tips for consumers: 

Be informed. Read the terms and conditions of any contract you sign before you sign it. This will help you to understand your rights and obligations.

Keep records. Keep copies of all receipts, invoices, and other documentation related to your purchases. This will be helpful if you need to file a complaint with a consumer protection agency.

Be aware of your rights. Know what your rights are under consumer law. This will help you to identify unfair practices and to take action if you are treated unfairly.

Shop around. Compare prices and quality before you make a purchase. This will help you to get the best value for your money.

Don't be afraid to complain. If you are unhappy with a product or service, don't be afraid to complain to the seller. If you are not satisfied with the seller's response, you can file a complaint with a consumer protection agency. 

This new law is sure to bring a sense of relief and confidence to consumers in the U.A.E, empowering them to make informed choices and hold businesses accountable for their actions. It also creates a more competitive and fair market environment for businesses that prioritize ethical practices and customer satisfaction.

Can you please guide me through the process of filing a labor complaint in the United Arab Emirates?

 One of the blog's viewers recently requested an explanation for the labor community in UAE, so I decided to address it.

Filing a labor complaint in the U.A.E. can be done through several channels, depending on your preference and the severity of the issue. Here are the main options: 

1. Ministry of Human Resources and Emiratisation (MOHRE): 

Filing a labor complaint through the Ministry of Human Resources and Emiratisation (MOHRE) is often the preferred route for most employment disputes in Dubai due to its focus on mediation and faster resolution times compared to the court system. Here's how you can file your complaint through MOHRE:

1. Choose your platform:

MOHRE website: Visit the e-Services section on the MOHRE website (https://eservices.mohre.gov.ae/) and register as a user. You can then choose between "Salary Complaint" or "Labour Complaint" depending on your issue.

MOHRE app: Download the Tawajud app and register using your Emirates ID or mobile number. You can find the complaint filing functionality within the app.

Tasheel service centers: Visit any Tasheel service center and request assistance filing your complaint.

2. Prepare your details:

Have your Emirates ID, employment contract, salary slips, and any relevant evidence supporting your complaint readily available.

Be prepared to provide details of your employer, including company name, contact information, and trade license number.

3. File your complaint:

Choose the appropriate category for your complaint, such as unpaid salary, unfair dismissal, contract violation, etc.

Clearly explain the issue and provide specific details of the alleged violation.

Attach any supporting documents to your complaint.

Review your complaint and submit it once complete.

4. Track your complaint:

You will receive a reference number for your complaint and can track its progress online through the chosen platform or by calling the MOHRE toll-free number (800 84).

MOHRE will attempt to mediate the dispute with your employer for 14 days.

If a resolution is not reached, you can choose to escalate the case to the relevant labor court.

Additional tips:Seeking legal advice before filing your complaint can be helpful, especially for complex cases.

2. Dubai Police:

Filing labor cases with the police in Dubai should be reserved for serious situations involving criminal elements like: 

Physical or mental abuse: If you have experienced physical harm or threats of violence from your employer, report it immediately to the Dubai Police by calling 999 or visiting any police station.

Harassment: In cases of persistent and offensive behavior that creates a hostile work environment, including sexual harassment, report it to the Anti-Cybercrime Unit of the Dubai Police.

Wage theft: If your employer has intentionally withheld your wages for an extended period without justification, it can be considered theft and reported to the police.

However, for most other labor disputes like unpaid overtime, contract violations, or unfair dismissal, pursuing a complaint through the Ministry of Human Resources and Emiratisation (MOHRE) is usually the recommended first step. MOHRE offers a streamlined mediation process to resolve issues without court involvement and is often faster and less expensive.

 Here's a quick overview of the two options:

 Reporting to the Police: 

Suitable for serious criminal offenses like abuse, harassment, and wage theft.

Call 999 or visit any police station.

Provide clear details of the incident and evidence if available.

Cooperate with the police investigation.

Here are some additional resources that you may find valuable: 

Dubai Police website: https://www.dubaipolice.gov.ae/

3. Labor Courts:

Filing a labor complaint through the Dubai Labor Court can be a complex process, but it's important to know your rights and how to pursue them if you've been wronged by your employer. Here's a step-by-step guide to help you navigate the process: 

1. Gather Evidence: 

Before filing your complaint, you'll need to gather all relevant evidence to support your case. This may include: 

• Your employment contract
• Salary slips
• Performance reviews
• Emails or other communication with your employer
• Witness statements
• Medical records (if applicable)

2. Prepare Your Complaint:

 

Your complaint should be a clear and concise document outlining the alleged violation of your employment rights. It should include: 

• Your name and contact information
• Your employer's name and contact information
• A brief description of the issue
• The specific laws or regulations that your employer has violated
• The relief you are seeking (e.g., back pay, reinstatement, compensation)

3. Consult a Lawyer:

While having a lawyer represent you in the Dubai Labor Court is not mandatory, it's highly recommended. A lawyer can advise you on the best course of action, draft your complaint, and represent you in court. 

4. File Your Complaint with the Relevant Court: 

There are two main Labor Courts in Dubai: 

Dubai Court of First Instance: Handles cases with claims exceeding AED 200,000.

Dubai International Financial Centre (DIFC) Courts: Handles cases involving companies within the DIFC jurisdiction.

5. Attend Court Hearings: Once your complaint is filed, you will be notified of the hearing dates. It's important to attend all hearings and be prepared to present your evidence and answer questions from the judge.

 6. Appeal the Decision (if necessary): 

If you are unhappy with the court's decision, you have the right to appeal within 30 days. However, appeals can be lengthy and expensive, so it's important to discuss your options with your lawyer carefully. 

Additional Resources:

The official website of the Dubai Courts: https://dc.gov.ae/

The Ministry of Human Resources and Emiratisation (MOHRE): https://www.mohre.gov.ae/en/home.aspx

Here are some additional tips for filing a labor complaint in Dubai:

• Be patient: The court process can take several months, so be prepared for a long wait.
• Stay organized: Keep all your documents and paperwork in order.
• Be professional: Always be respectful to the court and your employer.
• Don't give up: If you believe you have been wronged, fight for your rights.

 There is a statute of limitations for filing labor complaints in the U.A.E., usually one year from the date of the alleged violation.

You are not required to pay any judicial fees for claims less than AED 100,000.

It is recommended to seek legal advice from a qualified lawyer if your case is complex or involves significant financial claims. 

This information helps you navigate the process of filing a labor complaint in Dubai. Remember, seeking legal advice is always recommended for complex cases or those involving significant financial claims.

U.A.E Joined BRICS Jan 1st, 2024 , membership opens doors to trade and investment opportunities

 The United Arab Emirates (UAE) officially joined the BRICS group on January 1st, 2024, along with four other countries: Egypt, Ethiopia, Iran, and Saudi Arabia. This marked a significant expansion of the group, which originally consisted of just Brazil, Russia, India, China, and South Africa.

BRICS is an acronym for Brazil, Russia, India, China, and South Africa. It is an intergovernmental organization that aims to promote economic and political cooperation among its member states.

The UAE's entry into the BRICS group is indeed a significant development with potential implications for both the UAE and the group itself. Here are some interesting aspects to consider: 

Benefits for the UAE: 

Access to new markets and partnerships: BRICS membership opens doors to trade and investment opportunities with the large economies of Brazil, Russia, India, China, and South Africa, diversifying the UAE's economic partnerships beyond its traditional Western allies.

Increased global influence: Membership in a prominent group like BRICS can enhance the UAE's international standing and give it a stronger voice in shaping global discourse on economic and political issues.

Knowledge sharing and collaboration: Collaboration with BRICS members in areas like infrastructure development, renewable energy, and technology can benefit the UAE's long-term economic and technological ambitions.

Benefits for BRICS:

Economic potential of the UAE: The UAE's strategic location, robust infrastructure, and diverse economy with its focus on innovation and knowledge industries can contribute to the overall economic growth of the BRICS group.

A bridge between East and West: The UAE's strong ties with Western countries can potentially act as a bridge for BRICS to engage with the West in a more constructive and balanced manner.

Diversification of the group: The inclusion of the UAE, along with other new members like Saudi Arabia, expands the geographical and economic representation of BRICS, making it more responsive to global challenges and trends.

Challenges and considerations: 

The Internal Unity of BRICS: The expansion of the group raises questions about maintaining internal cohesion and ensuring shared goals and priorities among members with diverse interests and geopolitical alignments.

Effectiveness of BRICS cooperation: The group has faced criticism for limited progress on concrete economic and political initiatives. The UAE's membership will be tested in terms of its ability to contribute to addressing these challenges and fostering effective cooperation.

Balancing global commitments: The UAE faces the challenge of balancing its commitments to both BRICS and its existing partnerships, particularly with Western countries.

Overall, the UAE's membership in BRICS presents both opportunities and challenges for the country and the group itself. It remains to be seen how this dynamic will evolve and the extent to which it will shape global economic and political landscapes. 

Do you have any specific aspects of the UAE's BRICS membership that you'd like to explore further? I'm happy to discuss its potential impact on specific sectors, industries, or geopolitical alliances.

The U.A.E real estate market shows Growth in the next 5 years, don't run behind negative talk

 
I have heard negative comments about the UAE real estate market, especially since I arrived in Dubai in 2004. 2004-2008 marked a period of rapid and unsustainable growth in the market, which eventually led to a major bubble burst in 2009. During this time, it was common to hear warnings and concerns about potential overvaluation and unrealistic expectations.

 Here's some context to understand the situation:

 Exponential Growth: In the years leading up to 2009, the Dubai real estate market experienced exceptional growth, with property prices skyrocketing due to speculation, easy credit, and a booming construction sector.

Unsustainable Practices: This growth was fueled by factors like off-plan sales, high leverage, and a lack of regulatory oversight. These practices created an environment ripe for correction.

Bubble Burst: By 2009, the global financial crisis hit, pushing interest rates higher and reducing investor confidence. The Dubai real estate market crashed, with property prices dropping by over 50% in some areas.

Recovery and Lessons Learned: It took several years for the market to recover from the crash. However, the experience led to significant changes in regulation, financial practices, and overall market structure.

So, why are you still hearing negative comments today?

Long Memory: While the market has recovered and stabilized, some people still remember the painful crash of 2009 and remain cautious about potential risks.

Global Uncertainties: The current global economic situation, with rising interest rates and potential recessions, could raise concerns about another downturn in the UAE market.

Specific Segments: While the overall market outlook is positive, certain segments, particularly luxury properties, might face potential price corrections due to changing affordability dynamics.

 However, it's important to remember the significant changes since 2009:

 Stronger Regulations: The UAE government has implemented stricter regulations on lending, financing, and off-plan sales, promoting a more sustainable and controlled market.

Diversification: The economy is now more diversified and less reliant solely on oil and real estate, reducing vulnerability to external shocks.

Positive Fundamentals: The market boasts underlying strengths like a growing population, economic expansion, and attractive residency programs, indicating ongoing demand for real estate.

While it's wise to be aware of potential concerns, there's a lot of optimism for the UAE real estate market in the next five years. Here's why:

Growth on the Horizon:

·       Economic Expansion: The UAE economy is projected to grow steadily at around 4.5% annually, fueling demand for housing and commercial space.

·       Population Boom: The population is expected to rise by 2.5% per year, creating a constant need for new housing units.

·       Residency Magnet: Attractive programs like the Golden Visa continue to attract investors and high-net-worth individuals, boosting demand for luxury properties.

·       Image: Bustling cityscape of Dubai showcasing the thriving economy and growing demand for real estate.

 Solid Foundation:

·       Strong Fundamentals: The market boasts robust underlying factors like a well-regulated framework, diverse investments, and a focus on sustainability.

·       Government Support: The UAE government implements proactive measures to stabilize the market and encourage long-term growth.

·       Past Resilience: The market has weathered previous economic downturns and emerged stronger, demonstrating its inherent stability.

The real estate market in the United Arab Emirates (UAE) has been experiencing significant growth in recent years, and this trend is projected to continue between 2024 and 2029. This growth can be attributed to several factors, including a strong economy, government initiatives, and an increasing demand for property in the region.

 One of the main drivers of the real estate market in the UAE is the country's strong economy. The UAE has a diversified economy that is not solely reliant on oil, which has helped to create a stable and prosperous business environment. This has attracted both local and international investors, who see the UAE as a safe and lucrative place to invest their money. As a result, there has been a steady increase in demand for property, leading to a rise in property prices and a boom in the real estate market.

 In addition to the strong economy, the UAE government has implemented several initiatives to further stimulate the real estate market. These initiatives include the introduction of favorable laws and regulations, such as allowing foreign ownership of property in certain areas, and the establishment of free zones that offer tax incentives and other benefits to businesses. These measures have attracted a large number of investors and businesses to the UAE, creating a high demand for commercial and residential properties.

 Furthermore, the UAE has seen a significant increase in population in recent years, driven by factors such as immigration and a high birth rate. This population growth has created a need for more housing and infrastructure, further driving the demand for real estate. As a result, developers have been investing heavily in the construction of new residential and commercial projects to meet this growing demand.

 Looking ahead, the real estate market in the UAE is projected to continue growing between 2024 and 2029. This growth is expected to be driven by factors such as the country's strong economy, government initiatives, and population growth. However, it is important to note that the market may also face challenges, such as fluctuations in oil prices and global economic conditions, which could impact investor sentiment and demand for property.

 The real estate market in the United Arab Emirates is projected to continue growing between 2024 and 2029. This growth can be attributed to a strong economy, government initiatives, and an increasing demand for property. However, investors and stakeholders need to remain vigilant and adapt to any challenges that may arise in the market.

 **The Real Estate Market in the United Arab Emirates: A Growth Trend**

Continued Growth, but Potentially Slowing Down: UAE Real Estate in 2024 (with Figures)

Here's a closer look at the expected growth trend in the UAE real estate market in 2024, supported by figures:

Price Growth:

Dubai:

2023 Q3 Average Price: AED 1,250 per sq ft (USD 340)

2024 Forecast: 3-7% increase, reaching AED 1,287-1,332 per sq ft (USD 350-365)

Abu Dhabi:

2023 Q3 Average Price: AED 825 per sq ft (USD 225)

2024 Forecast: 3-5% increase, reaching AED 852-870 per sq ft (USD 230-235)

Demand Drivers:

GDP Growth: UAE is projected to grow at 4.5% in 2024, fueling demand for housing and commercial space.

Population Increase: Estimated at 2.5% annually, creating the continuous need for new housing units.

Residency Programs: Golden Visa and other initiatives attract investors and high-net-worth individuals, boosting demand for luxury properties.

Market Dynamics:

 New Supply: Over 50,000 units are expected to be delivered in Dubai in 2024, potentially easing supply constraints and moderating price hikes.

Second Half Slowdown: A potential slowdown in global economic growth and rising interest rates might dampen demand and growth in the latter half of 2024.

Luxury Market Correction: The high-end segment might experience a price correction due to affordability limits for some buyers.

Key Figures:

Residential Transactions: Projected to remain strong, potentially exceeding 80,000 units in Dubai in 2024.

Rental Rates: To stabilize with moderate increases (1-3%) in most segments.

Investment Potential: Still promising, particularly in mid-range and affordable housing segments.

Remember: These are general projections, and specific areas or property types might have different trends. Consult with real estate professionals for a more precise assessment of your investment interests.

 The real estate market in the United Arab Emirates (UAE) has experienced significant growth over the past decade, and this trend is expected to continue in the coming years. With its strategic location, strong economy, and attractive investment opportunities, the UAE has become a hub for real estate development and investment.

 According to market research, the real estate market in the UAE is projected to grow at a steady pace, with a compound annual growth rate (CAGR) of 5.6% between 2024 and 2029. This growth can be attributed to several factors, including population growth, urbanization, and government initiatives to diversify the economy.

 One of the key drivers of the real estate market in the UAE is the country's growing population. The UAE has witnessed a steady increase in population over the years, driven by factors such as immigration, job opportunities, and a high standard of living. This population growth has created a demand for housing, both residential and commercial, leading to increased construction activity and real estate investment.

 Another factor contributing to the growth of the real estate market in the UAE is urbanization. The UAE is known for its modern cities and infrastructure, attracting people from around the world. As more people move to urban areas, the demand for residential and commercial properties continues to rise. This has led to the development of new projects and the expansion of existing ones, further driving the growth of the real estate market.

 Furthermore, the UAE government has implemented various initiatives to diversify the economy and attract foreign investment. These initiatives include the establishment of free zones, tax incentives, and relaxed regulations for foreign investors. These measures have made the UAE an attractive destination for real estate investment, leading to increased activity in the market.

Negative comments Affecting the UAE Real estate Market

While negative comments can have an impact on the UAE real estate market, it's important to understand the extent and nature of their effect. Here's a nuanced analysis:

 Potential impacts of negative comments: 

1.     Dampening buyer sentiment: Negative news or opinions, especially if widely shared, can create a sense of uncertainty and caution among potential buyers, leading to temporary hesitation or delayed investment decisions.

2.     Affecting perceived value: If negativity focuses on potential risks or market vulnerabilities, it might affect buyers' perception of property value and potentially lead to lower offers or slower sales.

3.     Impacting investor confidence: In the case of large-scale investments or institutional decisions, negative comments can influence investor confidence in the market's stability or growth potential, leading to slower capital flow.

However, it's crucial to consider these factors:

·       Source and credibility: The impact of negative comments depends on their source and perceived credibility. Comments from respected analysts or media outlets carry more weight than individual opinions on social media.

·       Market fundamentals: Strong underlying market fundamentals, like economic growth, population increase, and attractive residency programs, can often outweigh short-term negativity and maintain perspective

·       Regulation and transparency: A well-regulated and transparent market with access to accurate data provides counterpoints to unfounded negativity and fosters trust among investors.

·       Counterbalance by positive perspectives: Positive news, data, and expert opinions can effectively balance out negative comments and maintain a balanced market perception.

Overall, while negative comments can create temporary ripples in the UAE real estate market, their long-term impact is often limited. Strong market fundamentals, regulatory transparency, and balanced information flow usually serve as strong buffers against short-term negativity.

 Here are some tips for navigating the information landscape: 

·       Seek diverse perspectives: Don't rely solely on negative comments. Look for counterarguments, positive news, and data from credible sources.

·       Focus on market fundamentals: Understand the underlying economic drivers and long-term growth potential of the market.

·       Consult with experts: Seek professional advice from qualified real estate agents, financial advisors, or market analysts to make informed investment decisions.

·       Remember, a critical and nuanced approach to information is key to navigating any market, including the UAE real estate market. 

 skepticism towards negative criticism of the UAE real estate market, especially from a limited number of consultants. While completely dismissing all negativity might not be wise, blindly taking it as gospel isn't the answer either. Here's why: 

Reasons to be cautious about negative criticism: 

·       Potential bias: Some consultants might have vested interests in pushing a bearish narrative, perhaps benefiting from short-selling or attracting clients seeking alternative investments.

·       Short-term focus: Consultants often focus on predicting short-term market fluctuations, which can be volatile and not necessarily indicative of long-term trends.

·   Lack of context: Without considering the broader economic picture, market fundamentals, and government policies, negative predictions can be misleading.

However, completely ignoring negativity can also be detrimental: 

·       Ignoring potential risks: Even if they seem unlikely, valid concerns about rising interest rates, global economic uncertainties, or supply overhang in specific segments should be acknowledged and considered.

·       Missing alternative perspectives: Balanced knowledge requires considering diverse viewpoints, including those raising potential issues.

·       Overconfidence: Blind optimism can lead to risky investment decisions if based on unrealistic expectations.

So, what should you do?

·       Critically evaluate the source: Consider the consultant's track record, reputation, and potential biases. Are they known for accurate predictions? Do they have clear methodologies for their analysis?

·       Analyze the arguments: Look for evidence and data to support their claims. Are they based on valid concerns or unfounded negativity? Are there counter-arguments or mitigating factors to consider?

·       Seek diverse perspectives: Don't rely solely on one consultant's opinion. Consult with other experts, analysts, and financial advisors to get a broader understanding of the market dynamics.

·       Do your own research: Gather information from reliable sources, such as government reports, market research data, and reputable news outlets.

By critically evaluating information, considering both positive and negative perspectives, and conducting your own research, you can make informed investment decisions in the UAE real estate market. Remember, the market is complex and constantly evolving, so staying informed, managing your expectations, and diversifying your portfolio are key strategies for success. 

Ultimately, the decision to invest in the UAE real estate market is yours. By taking a balanced and critical approach to information, you can make well-considered choices that align with your financial goals and risk tolerance. 

In addition to the previous points, consider these: 

·       UAE's strong market fundamentals: The country boasts a healthy GDP growth, rising population, and attractive residency programs, all pointing towards continued demand for real estate.

·       Government's proactive measures: The UAE implements policies and initiatives to stabilize the market and foster sustainable growth.

·       Resilience in past downturns: The UAE real estate market has weathered previous economic challenges and emerged stronger, indicating its underlying resilience.

·       Caution, negativity can be just one piece of the puzzle. Always seek a comprehensive understanding of the market before making any investment decisions.

·       In conclusion, the real estate market in the United Arab Emirates is experiencing a growth trend that is expected to continue in the coming years. With a projected CAGR of 5.6% between 2024 and 2029, the market is driven by population growth, urbanization, and government initiatives. As the UAE continues to attract investors and develop its infrastructure, the real estate market is poised for further expansion and investment opportunities.

New laws will come into effect in the United Arab Emirates starting from Jan 2024

 The United Arab Emirates (UAE) is known for its progressive approach to governance and its commitment to creating a safe and prosperous society. In line with this vision, a series of new laws will come into effect from January 2024, aimed at further enhancing the country's legal framework and ensuring the well-being of its residents.

One one-time plastic ban starts in 2024

UAE has indeed started a ban on some single-use plastics in 2024, but it's important to remember that the ban is phased and doesn't encompass all types of single-use plastics yet.

United Arab Emirates (UAE) has implemented a phased ban on single-use plastic products that began in January 2024. However, it's important to note that the ban is not nationwide and doesn't encompass all single-use plastics at once.

Here's a breakdown of the ban: Current Stage (January 2024):

Banned: Single-use plastic bags, regardless of material.

Exceptions: Bags made from recycled materials, bags used for exporting goods, and some other specific circumstances.

Upcoming Stages:

June 2024: Ban includes non-plastic single-use bags and other items like single-use tableware and containers.

January 2025: Additional single-use plastic items like stirrers, table covers, cups, and styrofoam containers will be prohibited.

January 2026: The ban expands to include even more single-use plastic products like plates, food containers, beverage cups with lids, and more.

It's worth noting that some individual Emirates within the UAE might have additional regulations or specific timelines within their jurisdictions.

 Employment and Labor:

Amendments to the Federal Labour Law: Changes streamline dispute resolution processes and strengthen MoHRE's authority.

 Starting from January 1, 2024, the United Arab Emirates (UAE) will introduce a new mechanism for resolving labor disputes in the private sector 1. The new legislation, Federal Decree-Law No. 20 of 2023, will replace Article 54 of the UAE’s Labor Law – Federal Decree-Law No. 33 of 2021 1. Under the new law, the Ministry of Human Resources and Emiratisation (MOHRE) will issue the final executive decisions on labor disputes with claims of less than Dh50,000 for companies and workers in the private sector 1. The new process aims to save customers’ time and effort, streamline procedures and expedite the process for claimants to collect their legal entitlements 1.

 Emiratization in the U.A.E- new changes in 2024: All taxable persons in the UAE are required to register for corporate tax, as per Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses

There are two major changes to Emiratization in the UAE for 2024:

1. Expansion to smaller companies:

Companies with 20 to 49 employees must now hire at least one UAE national in 2024 and another one by 2025.

This applies to 14 sectors including real estate, education, construction, and healthcare.

Failure to comply will result in fines of AED 96,000 in 2024 and AED 108,000 in 2025.

This is a significant expansion from the previous requirement, which only applied to companies with 50 or more employees.

2. Continued growth for larger companies: Companies with 50 or more employees still need to achieve a 2% Emiratization growth in skilled jobs by the end of 2024.

This means increasing the number of Emirati employees in skilled positions by 1% every six months.

Here are some additional details to keep in mind: The new rules are part of the UAE's "We the UAE 2031" strategy, which aims to increase Emirati participation in the workforce and diversify the economy. The Ministry of Human Resources and Emiratization (MoHRE) is responsible for enforcing the new rules. Companies can use the Nafis program to find qualified Emirati candidates.

Qualifying Free Zone Persons (QFZPs) operating in approved Free Zones with specific conditions enjoy a 0% corporate tax rate. However, maintaining QFZP status involves specific requirements that not all companies in Free Zones meet.

Registration: Even if exempt from paying the tax, the Federal Tax Authority (FTA) strongly recommends registering for corporate tax. This facilitates future compliance if your circumstances change or exemptions are modified.

There are several resources available to help companies comply with the new rules, including MoHRE's website and the Dubai Chamber of Commerce and Industry.

 To promote gender equality and protect women's rights, the UAE will also be introducing new laws to combat gender-based discrimination and harassment. These laws will provide greater protection for women in the workplace and ensure equal opportunities for career advancement. Additionally, measures will be put in place to address domestic violence and provide support for victims.

 Furthermore, the new laws will focus on enhancing cybersecurity and protecting personal data. With the increasing reliance on digital technology, it is crucial to safeguard individuals' privacy and prevent cybercrimes. The UAE will be implementing stricter regulations to ensure the secure handling of personal information and to combat online fraud and identity theft.

 New Public Holidays: Additional official holidays are announced for specific occasions.

 One of the key changes is the introduction of stricter penalties for traffic violations. To reduce road accidents and promote safer driving habits, fines for speeding, reckless driving, and other traffic offenses will be significantly increased. Additionally, new regulations will be implemented to crack down on drunk driving, with stricter penalties for those found driving under the influence of alcohol or drugs.

 Another important change relates to the protection of the environment. Recognizing the urgent need to address climate change and promote sustainability, the UAE will be implementing new laws to reduce carbon emissions and encourage the use of renewable energy sources. These measures will include stricter regulations for industries and businesses to limit their environmental impact, as well as incentives for individuals and organizations to adopt greener practices.

 In conclusion, the new laws set to come into effect from January 2024 in the UAE reflect the country's commitment to progress and the well-being of its residents. These laws address a range of important issues, including road safety, environmental protection, gender equality, and cybersecurity. By implementing these measures, the UAE aims to create a safer, more sustainable, and inclusive society for all its residents.