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Policy & Legal Updates
Source: GDNOnline

Dubai Ruler Issues Decree Forming Investment Corporation of Dubai Board

Sheikh Mohammed bin Rashid Al Maktoum has issued a decree establishing the board of directors of the Investment Corporation of Dubai. Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum was named Chairman, with First Deputy Ruler Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum serving as Vice Chairman. The decree took effect on its issuance date and will be published in the Official Gazette.

Policy & Legal Updates
Source: Pinsent Masons

UAE Central Bank Implements Stricter Licensing Framework for Insurance Companies

The Central Bank of the UAE has introduced the Insurance Company Licensing Regulation (Circular 4/2026), establishing stricter entry rules for domestic and foreign insurers. Regulators will assess applicants based on their commercial proposition, product demand, and domestic premium retention alongside technical compliance. Insurers based in financial free zones such as DIFC and ADGM will be treated as foreign insurance companies for onshore operations.

Policy & Legal Updates
Source: Gulf News

UAE Federal Tax Authority Sets October 30 Deadline for E-Invoicing Provider Appointments

The UAE Federal Tax Authority requires businesses with annual revenues of Dh50 million or more to appoint an Accredited Service Provider by October 30, 2026. Failure to meet the deadline will result in an administrative penalty of Dh5,000 per month of delay. The mandate and associated penalty framework also apply to businesses registered in UAE free zones.

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