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Find out moreWelcome to the first edition of Law Update for 2025. As we begin this exciting year, we are pleased to turn our attention to one of the most dynamic sectors in the UAE and the broader GCC region – healthcare. Over the past several years, the region has seen unprecedented growth in this sector, driven by legislative advancements, technological innovations, and the increasing focus on sustainability and AI. As such, healthcare is set to be one of the most important sectors in the coming decade.
In this issue, we explore key themes that are significantly shaping the future of healthcare in the UAE, such as recent changes in foreign ownership laws. These reforms present a major opportunity for foreign investors, opening up new avenues for international collaborations and improving the overall healthcare infrastructure. The changes in ownership laws are an important milestone, and we provide an analysis of what this means for the industry and the various players involved.
Read Now2025 is set to be a game-changer for the MENA region, with legal and regulatory shifts from 2024 continuing to reshape its economic landscape. Saudi Arabia, the UAE, Egypt, Iraq, Qatar, and Bahrain are all implementing groundbreaking reforms in sustainable financing, investment laws, labor regulations, and dispute resolution. As the region positions itself for deeper global integration, businesses must adapt to a rapidly evolving legal environment.
Our Eyes on 2025 publication provides essential insights and practical guidance on the key legal updates shaping the year ahead—equipping you with the knowledge to stay ahead in this dynamic market.
As of September 15, 2023, Cabinet Resolution No. (38) of 2022, concerning the Attestation of Commercial Invoices, will come into force. This regulation mandates that all commercial invoices for imported goods valued at 10,000 AED or more in the UAE must undergo attestation by the Ministry of Foreign Affairs and International Cooperation in the UAE (“MoFAIC“) and must be linked to the relevant Import Customs Declaration.
Key Requirements:
Failure to comply with these requirements will result in the imposition of an administrative fine of 500 AED for each invoice that has not been attested and linked. Importers have a limited window of 14 days to complete both the attestation and linking processes for all invoices, including those related to imports between 1 February and the present date.
We urge all clients to ensure compliance with these new regulations by verifying and accurately linking all required invoices through the MoFAIC website and EDAS portal.
Non-compliance with these requirements may lead to financial penalties and potential disruptions to your import operations.
If you require further information about the new regulation or need assistance with the attestation and linking processes, our dedicated team is available to assist you. Please feel free to reach out to our Customs and International Trade team and we will be pleased to guide you through the necessary steps.
Our team is committed to ensuring that your business operations remain compliant with the latest regulatory changes. We appreciate your attention to this critical matter and look forward to helping you smoothly transition to the new requirements.
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.