Banking, fintech, funds, capital markets and cross-border investment
Inheritance laws across the Gulf Cooperation Council vary significantly based on nationality, religion, and asset location. In the UAE, Federal Decree-Law No. 41 of 2022 governs non-Muslim civil inheritance, while neighboring GCC states enforce distinct testamentary and real estate transfer procedures.
Assetize's trust entity has been registered by the Jersey Financial Services Commission under the Financial Services (Jersey) Law 1998. The setup allows UAE-regulated virtual asset service providers to administer and issue tokenised real-world assets through Jersey structures supported by Assetize's Dubai International Financial Centre technology arm. Jersey currently accounts for 27.4% of the global tokenised equities market by value as of September 2026.
The UAE Federal Tax Authority has integrated Tabby and Jaywan into its platform to expand payment options for taxpayers. The arrangement allows users to settle tax dues in installments of four to 12 months up to Dh20,000 through Tabby. The update also incorporates Jaywan, the UAE's domestic debit card scheme.
The UAE Federal Tax Authority issued Public Clarification VATP046 addressing amendments under Federal Decree-Law No. 16 of 2024 and Federal Decree-Law No. 16 of 2025. DLA Piper reported that foreign entities may be considered to have a UAE Fixed Establishment without owning property if employees regularly operate from a client site. This standard affects local VAT registration, the reverse charge mechanism, and VAT refund eligibility.
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