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Find out moreWelcome to this edition of Law Update, where we focus on the ever-evolving landscape of financial services regulation across the region. As the financial markets in the region continue to grow and diversify, this issue provides timely insights into the key regulatory developments shaping banking, investment, insolvency, and emerging technologies.
2025 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.
Are you an expatriate residing in the UAE?
Would you like to protect the well-being of those you care for most?
You may be pleased to learn the distribution of an individual’s estate will now take place according to the laws of the country of which the individual is a citizen, instead of the application of UAE law (which codifies Islamic Sharia principles on inheritance). An exception to this however would still remain with respect to UAE real estate, which shall continue to be subject to UAE laws, unless a Will has been registered in the UAE.
Lately, the Personal Status Law has undergone revisions, by way of Federal Decree number 29 of 2020.
Also, the Civil Code has been revised, by way of Federal Decree number 30 of 2020.
These changes to the local regime allow the application of the local law of the home countries of UAE resident expatriates to inheritance of their UAE estate, in absence of a registered will in the UAE.
The following movable property is subject to the new laws, in particular:
If you hold real estate assets in the UAE, then it is imperative that you register a UAE Will.
The options that are available to you are as follows:
If you are non-Muslim, having a locally registered will would create legal certainty for the inheritance of your assets after death and the appointment of guardians for the minor children, if any.
What can be more important than having a testamentary freedom to dispose of your assets as you wish, and having a peace of mind that an individual’s estate will be distributed according to their wishes?
Although the recent changes in local law are helpful, in order to truly protect your interests it is crucial that you:
Our specialist team at Al Tamimi & Company Corporate Services will be delighted to assist you in this regard.
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.