E184: Legal-ish #11 (With Ahmed Odeh)

We're back again with Ahmed Odeh, Lawyer and Managing Partner at MIO Law Firm. Tune in with us to get up to date on legal news and insights and have your questions answered every week.In this episode: 

• Arabtec update: board to meet on insolvency liquidation plan before facing shareholders. More details in the link here.
• UAE revamps foreign ownership rules for commercial companies.
• We discuss things you need to know prior to setting up a business in UAE.

Show Notes:1.  Free Zone: Known as free trade zones – are essentially economic areas where goods and services can be traded, usually at preferential tax and customs rates. More information here on the difference between free zone and main land. 2. VAT: A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. 3. P.R.O: Public Relations Officer.4. DMCC: Dubai Multi Commodities Centre.5. DIFC: Dubai International Financial Centre.6. ADGM: Abu Dhabi Global Market.7. Shams: Sharjah Media City.8. DDA: Dubai Development Authority.9. In5: A full-service business incubator & an enabling platform for students, creative entrepreneurs and professionals.10. Dtec: Dubai Technology Entrepreneur Campus.11. JAFZA: Jebel Ali Free Zone12. DWTC: Dubai World Trade Centre.If you’ve got any, you could either send us an email to hello@dukkanmedia.com or slide in our DMs, and we promise to keep it anonymous. Check out the episode on your favorite podcasting platform. #WeCauseCultureHosted by OT, Reem, and Akkaoui, the Dukkan Show is brought to you by the audiophiles at Dukkan Media.See omnystudio.com/listener for privacy information.