If a company is carrying out a relevant activity in the United Arab Emirates, it must comply with the economic substance test and send annual notifications and reports to the regulatory authority. In any foreign market, companies must take into account several general principles for the effective protection of their intellectual property. The Regulation applies to all entities that carry out a “relevant activity”, as defined by the Regulations, in the United Arab Emirates, including those established in free zones and financial free zones such as the Dubai International Financial Center and the Abu Dhabi Global Market. The Regulations also provide that this information may be shared with the authorities of other states, including the jurisdiction of any parent company or final effective beneficiary of the licensee.
Understanding Intellectual Property Restrictions in Dubai
The Intellectual Property Regulations now provide useful clarifications regarding some of the procedural issues related to intellectual property in the DIFC. Companies that are carrying out relevant activities in the United Arab Emirates, including those established in free zones, must be aware of these restrictions and take them into account when conducting their business. It is important for companies to understand the restrictions on intellectual property activities in Dubai and other parts of the United Arab Emirates.Complying with Economic Substance Test
Companies must comply with the economic substance test and send annual notifications and reports to the regulatory authority.Furthermore, they must take into account several general principles for the effective protection of their intellectual property. The Regulations also provide that this information may be shared with other states, including the jurisdiction of any parent company or final effective beneficiary of the licensee.
Protecting Intellectual Property
Companies must be aware of these restrictions and take them into account when conducting their business in Dubai or other parts of the United Arab Emirates. Understanding these restrictions can help companies protect their intellectual property and ensure that they are compliant with local regulations.Companies should ensure that they are familiar with all applicable laws and regulations related to intellectual property activities in Dubai and other parts of the United Arab Emirates. This will help them protect their intellectual property rights and ensure compliance with local regulations.
