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Dubai: Today, the UAE s Ministry of Economy announced that the amended Commercial Companies Law will come into effect on June 1, 2021, allowing foreign investors and entrepreneurs to establish and fully own onshore companies. But what does the law mean for business owners and entrepreneurs and when will the changes come into effect? Here is all you need to know. Hani Naja, Partner Corporate and Commercial at Baker McKenzie Habib Al Mulla, spoke to Gulf News about the new law and the changes that had already been implemented over the years, leading up to the recent announcement. “The push for a relaxation in foreign direct investment in the UAE started a number of years ago. The first major change was in September 2018, with the issuance of the Foreign Direct Investment Law (FDI Law), which opened up the UAE market to foreign investors in certain sectors of the economy. The FDI law was then followed by the announcement on July 2019 of a Positive List of 122 business ....
To embed, copy and paste the code into your website or blog: To paraphrase U.S. Customs and Border Protection (CBP), the Enforce and Protect Act (EAPA) is a “game-changer.” Signed into law in 2015 by President Obama, EAPA has significantly enhanced the U.S. government’s ability to investigate and combat antidumping (AD) and countervailing (CVD) duty evasion. According to CBP, as of October 1, 2020, EAPA has led to 131 investigations, more than 30 foreign on-site visits or verifications and the identification of more than $600 million in AD/CVD duties owed to the U.S. government. With this enforcement record as a backdrop, CBP has signaled a desire to expand EAPA authority into other compliance areas beyond the investigation of potential evasion of AD/CVD duties. Is another “game-changing” expansion of CBP authority on the horizon in 2021? Below, we review EAPA and discuss what may lie ahead. ....
Wednesday, February 17, 2021 To paraphrase U.S. Customs and Border Protection (CBP), the Enforce and Protect Act (EAPA) is a “game-changer.” Signed into law in 2015 by President Obama, EAPA has significantly enhanced the U.S. government’s ability to investigate and combat antidumping (AD) and countervailing (CVD) duty evasion. According to CBP, as of October 1, 2020, EAPA has led to 131 investigations, more than 30 foreign on-site visits or verifications and the identification of more than $600 million in AD/CVD duties owed to the U.S. government. With this enforcement record as a backdrop, CBP has signaled a desire to expand EAPA authority into other compliance areas beyond the investigation of potential evasion of AD/CVD duties. Is another “game-changing” expansion of CBP authority on the horizon in 2021? Below, we review EAPA and discuss what may lie ahead. ....
But what does the law mean for business owners and entrepreneurs and when will the changes come into effect? Here is all you need to know. Hani Naja, Partner Corporate and Commercial at Baker McKenzie Habib Al Mulla, spoke to Gulf News about the new law and the changes that had already been implemented over the years, leading up to the recent announcement. “The push for a relaxation in foreign direct investment in the UAE started a number of years ago. The first major change was in September 2018, with the issuance of the Foreign Direct Investment Law (FDI Law), which opened up the UAE market to foreign investors in certain sectors of the economy. The FDI law was then followed by the announcement on July 2019 of a Positive List of 122 business activities where foreign investors can own up to 100 per cent of the shares in an onshore company. The Positive List focused on the manufacturing, agricultural and services sectors,” he said. ....