UAE

March 1, 2000

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 Employment relations in Tunisia are governed by the Labor Code of 1956. Labor contracts may be for a definite or an indefinite period of time. A definite period contract may specify that it is val

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Investment IncentivesTunisia has enacted several laws to encourage foreign investment in the industrial, agricultural and tourism sectors. Legislation promoting foreign investment in the service secto

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The Tunisian tax system was entirely revised in 1990 and is contained in the Income Tax Act of 1989. The new tax laws include two direct tax regimes: income tax and corporate tax. The value added tax

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Since Ehud Barak was elected Israeli Prime Minister in the spring of 1999, the Palestinians have realized several significant achievements. Subsequent to the September Sharm El-Sheikh Accord, Israel r

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Oman has a developed body of law governing environmental matters. Efforts to consolidate the laws recently have been undertaken. Of primary importance is the Law on the Protection of the Environment

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Tunisia is a signatory of the Paris Convention for the Protection of Industrial Property and the Paris Convention Regarding Trademarks, as revised in the Hague, London and Stockholm. Tunisia is a memb

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The Labor Law of 1973 governs the area of industrial relations in Oman. The law reflects the government’s policy regarding the ‘Omanization’ of the work force, which presently includes a significant n

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Foreign Currency ControlForeign exchange controls in Tunisia are regulated by the Foreign Trade and Foreign Exchange Code of 1976. The government has undertaken a review of the Code and is in the proc

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Companies LawThe commercial law of Tunisia recognizes two types of companies; share companies and companies of persons (partnerships). Foreigners are permitted to hold shares in Tunisian companies wit

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 Tunisia is a Civil Law Republic, founded upon a constitution that embodies the principles of sovereignty of the people and separation of powers between the branches of government. The Republic is di

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PrivatizationIn 1999, the government increased to 152 the number of major privatization projects planned for the coming years. The sale of these enterprises are expected to yield revenues of more than

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On October 24, 1999, over 90 percent of Tunisia's eligible voters elected the incumbent president, Zine al-Abidine Ben Ali. This is the 62-year-old leader's third 5-year term. This also marks the init

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Over the past few years, various municipalities in the UAE have developed a relatively large body of environmental regulations based on local orders, many of which contain strong enforcement provision

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General Foreign investment in capital, technology or expertise is more than welcome in the UAE. Generally, any locally incorporated company must be at least 51 percent owned by UAE nationals, but the