Dubai Chambers empowers 600 members of the business community to navigate legal landscape by organising four workshops focused on Companies Law, Compliance, Customs, and Tax
• The events saw strong engagement from the business community, with 598 participants attending.
Dubai, UAE – Dubai Chambers has successfully concluded a series of legal and compliance-focused events in May, designed to empower businesses with the knowledge needed to thrive in the UAE's dynamic regulatory environment. The events, comprising three in-person workshops and one webinar, addressed critical topics including UAE Commercial Companies Law, corporate compliance, UAE and GCC Customs Law, and Compliance Challenges on VAT & Excise Tax. The sessions attracted significant interest, with a total of 598 participants from across the private sector.
The first workshop which focused on UAE Commercial Companies Law and DIFC Companies Law, was held in collaboration with EY Law. The session provided attendees with a comprehensive overview of directors' duties, corporate governance principles, and key legal compliance risk areas in both onshore and DIFC companies. Participants gained valuable insights into mitigating risks, implementing good corporate governance practices, and ensuring compliance with data protection regulations.
The second session of the month was hosted virtually in partnership with the Society of Corporate Compliance & Ethics and Taqa. The webinar explored the key elements of an effective compliance program, highlighted legal and regulatory risk areas, and examined the role of compliance in preventing violations and improving business value. A UAE company shared its experience in developing best practices for managing legal and regulatory risks.
The third workshop which discussed UAE and GCC Common Customs Law, was held in collaboration with Al Tamimi & Company. The session provided a practical overview of the region's customs framework, covering topics such as customs tariff structures, HS code classification, the treatment of goods within free zones, customs valuation methodologies, and the legal implications of smuggling. Participants learned about customs audits and compliance strategies to navigate cross-border trade complexities within the GCC.
The fourth session was an awareness workshop on VAT & Excise Tax, organised in partnership with the Federal Tax Authority. The session focused on enhancing participants' understanding of the tax and compliance requirements and procedures related to VAT & Excise Tax under the UAE tax system. Experts from the FTA guided attendees through the latest developments and explained their potential impact on businesses and individuals subject to taxes. Topics covered included Excise Tax & VAT Registrations, Filing of Returns, Administrative Penalties, and De-Registrations.
These events underscore Dubai Chambers' commitment to supporting the business community by providing access to essential legal and compliance information. By fostering a deeper understanding of regulatory requirements, Dubai Chambers aims to enhance the competitiveness of businesses operating in Dubai and contribute to the sustainable economic growth of the emirate.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
6 days ago
- Mid East Info
Dubai Chambers showcases its integrated services to support business growth to 180 representatives from the private sector
Dubai, UAE – Dubai Chambers recently organised a dedicated workshop aimed at highlighting its comprehensive suite of services designed to support the growth and competitiveness of the business community both locally and internationally. The online session attracted 180 representatives from across the private sector. Participants were introduced to the full range of programmes, initiatives, and services offered by the three chambers operating under the Dubai Chambers umbrella – Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy. The workshop outlined efforts to drive the success and expansion of local companies, while creating new growth opportunities across diverse sectors in support of Dubai's broader economic development. The session explored the benefits of membership with Dubai Chamber of Commerce, which plays a key role in facilitating business operations through essential services including the issuance of certificates of origin, processing of ATA Carnets, attestation of documents, and commercial mediation to resolve business disputes. It also detailed how membership enables companies to actively contribute to the development of business legislation through participation in Business Groups. Representing the interests of all major sectors in Dubai, these groups play a vital role in facilitating dialogue between government entities and the private sector to address policy matters and enhance Dubai's economic competitiveness. Participants learned more about the chamber's initiatives to support the international expansion of Dubai-based companies. These include organising targeted trade missions to connect local businesses with trusted partners in priority markets, as well as hosting workshops to raise awareness of regulatory frameworks and the latest legal developments relating to different sectors. The session also highlighted the strategy of Dubai International Chamber, which focuses on attracting foreign companies and investments to Dubai. This includes its efforts to bring multinational corporations to the emirate through a growing network of international representative offices. These offices promote Dubai's competitive advantages, provide access to valuable market intelligence, and help drive foreign direct investment (FDI) flows to the emirate, while also supporting the international expansion of Dubai-based businesses. In addition, the workshop examined the role of Dubai Chamber of Digital Economy in advancing the emirate's digital transformation agenda and supporting the growth of Dubai's startup ecosystem. Key initiatives showcased included Expand North Star, the world's largest event for startups and investors; the Business in Dubai platform, which provides convenient access to corporate and operational services for companies looking to launch or expand in Dubai; and the Create Apps Championship, an initiative designed to position Dubai as a global leader in smart application development by attracting digital talent and encouraging entrepreneurs to pitch and develop innovative mobile app solutions. As a key enabler of Dubai's economic growth, Dubai Chambers remains firmly committed to empowering businesses and supporting their expansion both within the emirate and across global markets. It continues to play a pivotal role in advancing the digital economy, protecting the interests of the business community, and positioning Dubai as a global hub for trade, innovation, and investment. About Dubai Chambers: Dubai Chambers is a non-profit public entity that supports Dubai's vision as a global player by empowering businesses, delivering innovative value-added services, and unlocking access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber of Commerce and the formation of three chambers for the emirate, namely Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under the umbrella of Dubai Chambers.
Mid East Info
06-08-2025
- Mid East Info
Dubai Centre for Family Businesses introduces three new advisory services to enhance governance and growth within family enterprises
H.E. Mohammad Ali Rashed Lootah: 'Family businesses remain a vital engine of growth, diversification, and innovation within Dubai's economy. Supporting their success is key to enhancing the emirate's competitiveness and driving sustainable growth.' The Current-State Assessment and Family Constitution Review service offers a detailed evaluation of the governance framework adopted by family businesses against regulatory requirements. The Family Constitution Drafting service provides a strategic roadmap to help family businesses define the policies, governance structures, and decision-making processes necessary to ensure continued growth. The Family Office Blueprint service includes workshops to explain the concept of a family office, introduce its key principles, and support families in setting their own office objectives. Dubai, UAE – The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has launched three new specialised advisory services to support the sustainable growth of family businesses. The initiative aims to strengthen the governance of family-owned enterprises operating in Dubai, enhancing their future readiness and enabling them to navigate the evolving economic landscape, overcome challenges, and capitalise on promising opportunities. The new services reflect the Dubai Centre for Family Businesses' ongoing commitment to enhancing the economic contribution of family businesses in support of Dubai's future development plans. The centre aims to strengthen the competitiveness of this vital sector by safeguarding its interests, streamlining operations, and investing in leadership development to ensure long-term sustainability. H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: 'Family businesses remain a vital engine of growth, diversification, and innovation within Dubai's economy. Ensuring their continued success is essential to enhancing the emirate's competitiveness and driving sustainable long-term growth. The Dubai Centre for Family Businesses is committed to empowering these companies to navigate economic developments and embrace global best practices, which contributes towards strengthening the local private sector and reinforcing Dubai's position as a global hub for trade and investment.' The first new service is the Current-State Assessment & Family Constitution Review , which offers an in-depth evaluation of a family business's current governance framework. This includes a thorough review of existing Family Constitutions, leveraging the centre's automated Family Business Governance Assessment Tool to evaluate the maturity of their governance processes against regulatory requirements, leading industry practices, and global standards. Complementing this assessment, individual interviews with key family and business stakeholders are conducted to identify any gaps and challenges within existing structures, providing actionable recommendations for improvement. This service assesses governance frameworks, identifies gaps and risks, encourages alignment among stakeholders, and provides tailored recommendations for enhanced governance and long-term growth. The second service, Family Constitution Drafting, provides a strategic roadmap for family businesses, outlining policies, governance structures, and decision-making processes crucial for long-term sustainability. The centre will assist in drafting these vital documents, drawing insights from interviews with family members and key stakeholders. Through facilitated workshops and discussions, the service ensures alignment and buy-in from all family members, designing a document that captures their collective vision and values, alongside clear nomination, eligibility criteria, and decision-making processes relevant to the organisation's governing bodies. This service defines roles and responsibilities, formalises shared vision and values, fosters open dialogue, and establishes clear rules to prevent future conflicts. The third new service is the Family Office Blueprint service , which guides families in establishing a private platform dedicated to managing their wealth, investments, and personal affairs. The centre facilitates workshops designed to enhance understanding of Family Offices, supporting families in defining their specific objectives, the range of services it will provide, and the necessary staffing requirements. This service clarifies the purpose, scope, and strategic goals of a Family Office, explores the full range of services for wealth management and legacy planning, and identifies the key skills and roles required for an effective Family Office structure. About Dubai Chambers: Dubai Chambers is a non-profit public entity that supports Dubai's vision as a global player by empowering businesses, delivering innovative value-added services, and unlocking access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber of Commerce and the formation of three chambers for the emirate, namely Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under the umbrella of Dubai Chambers.
Mid East Info
05-08-2025
- Mid East Info
SmartCrowd Launches Luxury Downtown Penthouse Flip - Middle East Business News and Information
First high-profile Flip under new majority ownership by Nawy brings an exclusive Burj-facing penthouse to market Dubai, UAE: SmartCrowd, MENA's first regulated real estate crowdfunding platform, has unveiled its latest Flip opportunity: a rare, sky-high 3-bedroom penthouse in the heart of Downtown Dubai. This new launch comes as SmartCrowd continues to open up access to premium fractional real estate, having executed the highest number of Flip projects on a crowdfunding platform to date. Interest in SmartCrowd's Flip product is rapidly growing, with an earlier Dubai Hills Estate Flip project funding in record time, raising nearly AED 5M in under 48 hours of launching on the platform. The Flip model allows users to co-invest in premium properties with strong value-add potential, which are then renovated and sold within a targeted 9 to 15 months. While long-term investments focus on steady income and appreciation over time, Flip caters to those seeking quicker exits and potentially higher short-term returns, without the hassle of managing the renovation and sale. The latest Downtown Flip is no exception. Situated on the highest floor, this penthouse boasts panoramic, unobstructed views of the Burj Khalifa. Its oversized layout and double-height ceilings, well above market norms, offer unmatched potential for a significant value-add renovation. With a target raise of AED 10.9 million over a 9-month expected timeline, this Flip launch reflects SmartCrowd's ongoing focus on sourcing undervalued, high-potential properties in prime locations, then transforming them into highly marketable, premium residences. 'With growing demand for diversification and greater liquidity, we're expanding our Flip model to meet investor appetite,' said Riz Ahmed, CEO of SmartCrowd. 'This Downtown penthouse is exactly the kind of opportunity we aim to deliver, bringing high-potential, exclusive real estate within reach of everyday investors. With Nawy's backing, we're excited to scale this product even further.' While the Flip model has gained strong traction, it's designed to complement, not replace, longer-term investments, like Buy and Hold, by offering a broader menu of options tailored to different timelines and return expectations. Following the same design language as SmartCrowd's recent Flip success in Central Park Towers, DIFC, this Downtown renovation will blend timeless minimalism with soft, sculptural luxury, a high-demand aesthetic that has already resonated with SmartCrowd investors and the Dubai buyer market. This Downtown Flip comes just weeks after SmartCrowd's majority acquisition by Nawy, a leading Cairo-based PropTech backed by e& Capital. The acquisition strengthens SmartCrowd's operational foundation and unlocks new opportunities for growth, technology integration, and investor reach across MENA. With over AED 207 million in Flip projects launched to date and four successful exits generating an average 28% net investor return over a 15-month holding period, SmartCrowd's Flip has established itself as a leading product in Dubai's dynamic short-term property investment space. As the UAE's real estate investment market heads toward a projected $33 billion valuation by 2030, this Flip represents a strategic entry into one of the world's most exciting and accessible real estate markets. About SmartCrowd: SmartCrowd is the MENA region's first regulated real estate investment platform, licensed by the DFSA and registered with the DIFC. As a pioneer in fractional property ownership in Dubai, SmartCrowd opens the door for global investors to access prime real estate through a secure, transparent, and regulated framework. Whether through long-term rental income or short-term renovation strategies, SmartCrowd empowers individuals to grow their wealth in UAE real estate with confidence.
