Doing Business in the UAE - A guide to banking law

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Strong relationships between companies and other commercial actors remain the key to successful business transactions in UAE. For this reason, the basic knowledge of UAE banking regulations is essential when deciding to do business in the region. Firstly, it is important to note that the main regulatory provisions that govern the banking sector in the UAE is the UAE Federal Law No.10 of 1980 that establishes the structure and function of the Central Bank, the Monetary System and the Organisation of Banking (the Banking Law), UAE Federal Law No. 18 of 1993, as amended (the Commercial Code), UAE Federal Law No. 6 of 1985 concerning Islamic banks, financial establishments and investment companies (the Islamic banking law) and of course, the various banking regulations, including the notices and resolutions issued by the board of governors of the UAE Central Bank. The banking industry is governed mostly by the banking laws that establish the UAE Central Bank. These provisions cover the r

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I am a Legal and Business Professional experienced in contract and business law, working primarily with international clients. I provide legal support by drafting all kinds of contracts and legal documents. Apart from providing these services, I can offer valuable legal advice in order to find the best solution for my clients and their interests. In addition, I can offer business support through business development services and virtual administrative assistance. My core expertise areas are the following: - Business and Contract Law - Terms and Conditions and Privacy Policy Drafting - Legal Consulting (contractual and commercial matters, general legal matters) - Legal Writing (general legal documents, law assignments) - Business Support Services (business writing, business plans, business development services, project management) - Other Business Support Services (virtual administrative assistance, data entry, web research)

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