Four Rule Changes in 2023 in the UAE You Need to Know About

The UAE has recently implemented some new regulations that will make a living in Dubai even more enjoyable. In 2023, the country has put in place four laws that are designed to improve the lives of its citizens. Today, we're going to delve into these law changes to help you know what to expect when living in the UAE in 2023:

1. 30% Alcohol Tax Removal

Starting on Sunday, January 1, 2023, alcohol in Dubai will no longer be subject to a 30% tax. Both MMI and African and Eastern have informed their customers that prices will be reduced due to the elimination of the tax. Additionally, obtaining an alcohol license will be free of charge, and all that is required to apply is an Emirates ID for residents or a passport for tourists.

2. Marriage Law Updates

The UAE has recently implemented a Federal Personal Status Law, enabling non-Muslim couples to wed without adhering to Sharia law. As of February 2022, couples living in Abu Dhabi can marry in a civil court, akin to a registry office ceremony in the UK or Europe. From February 1, 2023, this la will be applicable across the entire United Arab Emirates.

Additionally, the new decree states that either partner in a marriage can now petition the court to end the marriage without needing to provide evidence of fault or reasons for ending it. Divorce proceedings will now take place after only one court hearing, and couples are no longer obligated to attend family counseling or mediation sessions beforehand.

At the point of divorce, shared custody of any children will automatically be granted between the two parents. Unless the court decides otherwise, this arrangement will remain in place until the kids reach the age of 18. If the parents can't agree on an arrangement, the court will examine the situation and decide what is in the best interests of the children. Testimonies from witnesses will be taken, with both the male and female accounts being given equal weight.

3. Updated Corporate Tax Law

Starting in June 2023, companies in the UAE will have to pay corporate taxes. The standard tax rate is 9 percent, and any taxable profits over 375,000 Dirhams will be subject to that rate. To help small businesses and entrepreneurs, any profits up to the 375,000 Dirhams limit will be exempt from taxation.

4. The Involuntary Loss of Employment Scheme (ILOE)

The ILOE Scheme is a new social security measure that will be available to both Emirati and foreign nationals employed in private and public sectors in the UAE, commencing on January 1, 2023. It provides up to three months' worth of financial support in the event of job loss. Employees working in free zones are not eligible. A six-month grace period is available for subscribing to the ILOE, ending on Friday, June 30, 2023.

The employee will be paid up to 60% of their regular salary as compensation.

The UAE government has also established a rule stating that if an employee does not purchase insurance within the given timeframe, they must pay a fine of 400 Dirhams to the Ministry. If they fail to pay the insurance premiums for more than three months, they must also pay an additional fine of 200 Dirhams.

Conclusion

These are just some of the laws that the UAE has updated for 2023 in hopes of allowing residents to live a better, more enjoyable life. So, if you're looking to move into a place focused on helping you get the most out of life, consider moving to the UAE! With various beneficial laws, incredible residential properties, and more, this truly is the dream place for many.

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