Questions & Answers
Questions & Answers
4 available 4 • View allAuthorisation for equity crowdfunding in DIFC
1
Q: What are the regulations of authorizing an equity crowdfunding platform in the UK? and in Dubai DIFC?

Jul 3, 2017
427
The requirements to set up an equity crowdfunding platform in DIFC
1
Q: I would like to know the answer to the following:
(1) What are the requirements to set up an equity crowdfunding platform in DIFC?
(2) If there are any limitations on international investors and where international investments should be done.

May 31, 2020
573
Crowd funding in the UAE
12
Q: I am a college student in the UAE. I have been thinking about developing a free-to-play video game that will be freely distributed on the internet, anonymously. I have also thought about following many such creators' paths in opening an account at Patreon.com to accept crowdfunding and donations.What legal ramifications could such actions have?

Jan 11, 2017
2322
Launching a crowdfunding campaign to acquire real estate in Dubai
1
Q: Dear sir/madam,
I would like to explore the possibility of launching a crowdfunding campaign on a US-based portal to acquire real estate in Dubai (hotel room units).
I would like to obtain some legal advice around the most efficient way to structure the investment (SPV and jurisdiction).
Thanks!

Dec 14, 2021
349
Legal blog
1 available 1 • View allThe New Law of E-commerce in the UAE 7
The UAE has had tremendous economic development over the last two decades, which can be attributed to the country’s expanding market and large inflow of investments. The demonstrated level of preparedness and equanimity is evident in the legislative framework, characterized by the ongoing and systematic updates of laws. This proactive approach aims to align the legal landscape with the dynamic trajectory of economic advancement, ensuring continual synchronization with the prevailing progress.
Dec 13, 2023
566
Laws & Regulations
5 available 5 • View allFederal Law No. (8) of 2004 Concerning Financial Free Zones 0
This law creates a legislative framework for the establishment and regulation of financial free zones on the territory of the United Arab Emirates.
Mar 14, 2004
1395
Cabinet Decision No. (28) of 2007 On the Implementing Regulation of Federal Law No. (8) of 2004 On the Financial Free Zones 0
This Cabinet Decision regulates the implementation of the provisions of Federal Law No. (8) of 2004 On the Financial Free Zones.
Jul 30, 2007
853
Federal Law No. (18) of 1993 Issuing the Commercial Transactions Law 19
This Law applies to merchants, as well as to all acts of commerce carried out in the UAE by any person even though he be not a trader. Commercial matters regarding which specific Federal laws are issued shall be subject to the provisions of such laws, and to the provisions hereof which do not contradict with said laws.
Sep 7, 1993
33072
Federal Decree-Law No. (46) of 2021 on Electronic Transactions and Trust Services 2
The provisions of this Decree-Law, known as the "New E-commerce Law", govern E-commerce regulations in the United Arab Emirates. The New E-commerce Law repeals the previous UAE E-commerce Law (Federal Law No. (1) of 2006 Concerning Electronic Transactions & Commerce).
Sep 20, 2021
474
Cabinet Resolution No. (28) of 2023 on the Executive Regulations of Federal Decree-Law No. (46) of 2021 on Electronic Transactions and Trust Services 1
Cabinet Resolution No. (28) of 2023 on the Executive Regulations of Federal Decree-Law No. (46) of 2021 on Electronic Transactions and Trust Services
Mar 28, 2023
387

Other answers by
Deducting visa costs when resigning after more than a year of work 6
Hello sir,
I have been working for 1 year and 6 months in a restaurant without a vacation. Due to my health, I had resigned, and when receiving my payment, they had deducted 4200 for the visa.
Please I want to know if it is allowed to pay for the visa.
Thank you!
Mar 15, 2021
1084
Filing a case for wrongfully encashing a guarantee cheque 1
3 years back I had given a post-dated cheque as a guarantee to a person whom I had to pay the money.
In 3 years time before the due date of the post-dated cheque, I had paid him partially by cash and cheque for which I have his signed vouchers and the PDC cheque details.
He was supposed to return back my PDC on the due date and collect the balance amount that was around AED 4000. The cheque value was AED 115,000.
On the due date, he demanded more money from me and when I refused, he bounced the cheque and filed a cheque bounce case.
He said I gave him a cheque of a closed bank account when he asked the money back and claimed the full amount. I was arrested and had to pay the fine for the cheque bounce case.
With the agreement I have with me and the payment voucher proof, can I sue him back for the false accusation?
And can I claim compensation for spoiling my name and image?
Dec 13, 2019
1683
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