Legal Insights

The part a will does not solve Registering a will in the UAE is an important step in succession planning. But there is one part a will does not solve. A will decides who gets what. It doesn't keep a company running while that is being decided. If shares are held personally, they go into the estate. And while the estate is being sorted out, the business is stuck: the decisions it depends on are decisions nobody currently has authority to make. That's where foundations come in.

What happens to your UAE assets if you never got round to it Most people who invest in the UAE think carefully about how they get in. Far fewer think about what happens to it all afterwards. If there is no registered will, the UAE civil default rules apply. Assets can be frozen while the heirs are identified and the court issues a succession certificate. The default split is 50% to the surviving spouse and 50% divided equally among the children, regardless of gender. That is

With the introduction of UAE Corporate Tax under Federal Decree-Law No. 47 of 2022 , many businesses assume that all operational costs are automatically deductible. In practice, the law permits a wide range of deductions—but with clear limits, exclusions, and conditions that are often overlooked. The Fundamentals: What Is Generally Deductible The Corporate Tax Law allows businesses to deduct expenses that are wholly and exclusively incurred for the purpose of the taxable per

When the UAE introduced Corporate Tax, many assumed it would apply exclusively to registered companies. In reality, the scope of the tax regime is broader—capturing individuals engaged in independent business and professional activities. Understanding the Threshold If you are a freelancer, consultant, coach, online service provider, or independent contractor generating more than AED 1 million annually , your income may fall within the scope of UAE Corporate Tax , even if you

Lex Consulta is pleased to announce its role as legal counsel in the successful completion of one of the most significant sale and leaseback transactions in the Baltic real estate market to date. Our legal team, led by Esfira Zaslavskaite , Shareholder at Lex consulta, together with Senior Associate Simona Šimoliūnė , advised PREF IV , a real estate investment fund managed by Prosperus Asset Management , in connection with the acquisition of an industrial property occupied