L o a d i n g
FinTech

FinTech & Payments Systems

The convergence of finance and technology Financial Technology (Fintech) is an emerging business that uses technology to enhance and automate financial services. This encompasses a vast array of products and services, including online lending, mobile payments, digital currencies, and financial management software.

Fintech’s expansion has introduced many innovative new products and services to the market, but it has also created legal and regulatory problems. Governments, financial institutions, and consumers must be cognizant of these repercussions and collaborate to strike a balance between innovation and regulation that is beneficial to all. It is important to note that fintech-related legislation and regulations are still evolving and may differ by jurisdiction. It is recommended to seek legal advice if you have specific questions related to Fintech and their legal implications.

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International Taxation Law

International Taxation Law

Taxation is broadly classified into Direct Taxes and Indirect Taxes, UAE has implemented direct tax regime known as Corporate Taxes in 2023, leaving the exemption on Personal Taxes which we see the next phase of tax levy whenever introduced. Capital gains are still exempted in UAE considering the huge FDI inflows into the country in Real Estate and Infrastructure and allowing Investors to repatriate the tax-free capital gains out of UAE.

It is very important that every company and a professional carrying out trade, profession or business in UAE engages professionals to plan for their corporate taxes ahead of the financial year and restructure their revenue model in the most tax efficient manner including their holding company & Subsidiaries agreements and transfer pricing matters, failing which we see that the future of taxation in UAE is all about Tax Assessments, Scrutiny by tax authorities for possible tax evasion or escape or money-laundering.

Indirect Taxes known as VAT requires even more careful hand-holding & planning of client’s businesses as there are too many complex concepts that would define “Supply”, “Place-of-Supply”, “Valuation of goods & services”, “Reverse-Charge Mechanisms”, “Qualified Input credit”, “VAT Refunds”, “Timeline for Tax Credit Notes”, “Goods subject to Zero-rate”, “Supplies outside the scope of VAT” and not the least on requirement of filing VAT returns and Audits for future Tax Assessments and Notices coming from tax authorities.

We believe we are highly exposed to Tax regimes in many jurisdictions and well-poised to help our clients in UAE on both Direct Tax and Indirect-Taxes.

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Blockchain

Blockchain

Block chain technology has disrupted various industries, promising greater transparency, efficiency, and security. The United Arab Emirates (UAE), known for its forward-thinking approach, has embraced blockchain innovation in recent years, making it a focus for blockchain-related projects and startups. As this technology continues to shape the landscape of business and finance, the demand for expert legal counsel in the world of blockchain has risen greatly.

Smart contracts, self-executing agreements that run on the blockchain, are becoming increasingly popular for their efficiency and automation. However, their implementation requires thorough legal inspection to ensure compliance with existing laws. Blockchain lawyers help businesses draft, review, and validate smart contracts, ensuring they are legally binding and meet the necessary regulatory standards in the UAE.

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Emerging Technologies

Emerging Technologies – AI, Crypto and Web 3.0

Crypto believers will always know the basic fundamental reason as to why Bitcoin was Invented at first place due to lack of confidence in Government managing traditional paper money and its effect during economic crisis in 2008 and why Satoshi choose to be Anonymous probably knowing very-well that the governments would come after him for inventing the new money financial system.

Our understanding on Crypto, Tokens goes very deep into the Industry from understanding of varied concepts such as L1 Layers to L2 Layers, POW mining, mining pools and POS nodes & staking, DAO, Liquidity providers, Market-Makers, developer communities, Wallets & Security, Centralized Exchanges and Decentralized Exchanges, Stable-coins including algorithm stable-coins, UBI (Universal Basic Income), Gaming tokens & their cross-border crypto settlements etc. We literally talk-walk in the crypto Industry. Regulatory Sandbox & DLT, VASP Licenses:

The UAE government has been actively supporting blockchain experimentation through regulatory sandboxes, offering a controlled environment for startups to test their innovative solutions. Blockchain lawyers guide these startups through the complex legal landscape, ensuring adherence to the sandbox’s regulations and helping them transition into full-scale operations seamlessly.

New Emerging technologies such as AI is far more a potent technology which has potential to take-over the human intellectual thinking capabilities by fast machine learning exercise supported by big data systems and hence AI would impact every human-life and businesses in a limitless-borderless manner, we even see AI systems using crypto as a payment mechanism in the future without human intervention, we understand that these emerging technologies will give rise to various legal issues on data & privacy, Intellectual rights, employment & Labour laws, Information Technology Acts and we very well-know how to advice our clients on various jurisdictions.

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Intellectual Property

Intellectual Property and Data Privacy

As blockchain solutions are developed, intellectual property issues may arise concerning patents, copyrights, and trademarks related to innovative blockchain applications. Blockchain lawyers aid clients in safeguarding their intellectual property rights and navigating licensing agreements.

Moreover, data privacy is a crucial aspect when dealing with blockchain networks, especially with the General Data Protection Regulation (GDPR) and local data protection laws. Blockchain lawyers advise companies on managing user data while ensuring compliance with relevant regulations.

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Corporate Compliance

Corporate Compliance with AML & KYC

Centralized Fintech & Blockchain’s decentralized nature can pose challenges to traditional AML and KYC processes. Our Firm can help companies design strong AML and KYC protocols tailored to preventing fraudulent activities and ensuring compliance with UAE regulations.

Corporate

Corporate & Commercial

The United Arab Emirates (UAE) has emerged as a global economic hub, attracting international investors and businesses due to its strategic location, favorable business environment, and robust legal framework. Our Company Secretary Professionals qualified to handle all Corporate Law matters, we assure you that we understand Company Law very well than anybody else in the market let it be Structuring, Incorporation of companies with different legal type in different jurisdictions, FDI (Foreign Direct Investment) – ODI (Overseas Direct Investment) & Foreign Exchange Laws, Investment & Transactions Advisory, Founders-Investors Special Purpose Vehicle, Acquisition & IPO Special Purpose Vehicles, Corporate Due-diligence, Protecting rights of Investors and Founders, ESOP Pool Management, Strategic Company Sale, Shares buy-back, Corporate Governance, Board Management & Directors Liabilities, Bankruptcy & Insolvency and company compliance with regulations.

Dispute Resolution

Dispute Resolution

The UAE offers various avenues for resolving commercial disputes. These include litigation through the local courts, arbitration, and alternative dispute resolution methods.

The Dubai International Financial Centre (DIFC) and the Abu Dhabi Global Market (ADGM) have their Independent legal frameworks based on Common Law System different from that of Mainland for dispute resolution, attracting international businesses seeking a neutral and efficient resolution process.

Public Policy

Public Policy

We help businesses understand evolving intricate government policies and regulations for emerging technologies and comprehend what they mean for them. We also help governments and regulatory authorities develop robust regulations and policies to ensure that laws remain in tune with technologies.

Any new emerging technologies that is entering a new country requires understanding of the sentiments of the people & their cultural acceptance to such technologies and government mindset to make regulations to the challenging new business models that the technology brings along.

Gaming

Gaming

With our experience of Mobile E-sports, Online Gambling & Casino Industry, we understand the regulations and licensing systems available in each jurisdiction including favorable island nations designed for licenses to operate online gaming platforms globally.

We also understand the advent usage of stablecoins for borderless experience for their players and high-rollers including cross-border remittances and settlements the gaming companies need from every jurisdiction. Our firm is well-experienced in this industry to help our client’s structure with licenses, operate in high-potential markets and resolve their legal issues in high volume market.

Investment Funds

Investment Funds, Family Offices & Venture Capitalists

With the experience of working with the world’s largest VC and their LP Funds structured in favorable jurisdiction, we understand how a fund needs to be structured along with the LP/UBO requirements in such jurisdictions and which country is suitable for creating holding company structure favoring investment laws which also ensures smooth clearance of FDI as per the Investee country’s foreign exchange laws and FDI policies, these HoldCo structures or what we call Investment Special Purpose Vehicles are also designed with an objective of tax efficiency or zero tax impact at the time of exit of Investors and promoters and repatriation of such capital gains.

Our firm can fully carryout Due-diligence with the right set of Share Subscription and Shareholder’s agreements protecting both Investors and Promoters, issue of share certificates for every equity infusion in Investee company or debt in form of Convertible Notes, Compulsory-Convertible Debentures with a later issue of options and reserving the cap-table for investors with a board representation and its quarterly investor reporting that the investee is obligated to report, it is important that Investors work with right set of experienced Lawyers & Company Secretaries to ensure their investments are safe-guarded at all times.

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Regulatory

Regulatory & Government Affairs

This topic is very close to us as it involves politics, No regulatory & government affairs is complete without involvement of politics and the lobbying efforts required to ensure the business gets a golden hand-shake from the Govt & Regulatory Authorities while entering a new market and operating in jurisdictions where the regulations are still not clear, what we call in legal parlance as operating in “grey area” where the support is required from the authorities to ensure business continuity.

Labour Laws

Employment & Labour Laws

We help our clients understand the Labour laws of every country while they are engaging employees from different nationalities and managing their employment visas including policies of hiring and termination, we have the experience of managing law suits related to ‘discrimination”, “wrongful termination”, “Sexual Harassment at workplace”, “Compensation-claims”.

We ensure our clients comply with Labour regulations even before start their hiring process to be compliant with UAE regulations.

Startup Advisory

Startup Advisory

Our team has worked with startups in various jurisdictions such as Singapore, Indonesia, India and USA on various matters that startup needs partnering with the right professional firm in their journey of growth & valuation.