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Monday 09:00 - 17:00 Tuesday 09:00 - 17:00 Wednesday 09:00 - 17:00 Thursday 09:00 - 17:00 Friday 09:00 - 17:00

Rasma Legal

RasmaLegal provides local regional International clients with a full range of legaladvisory services.
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21/01/2026

Rasma Legal is proud to have supported Stake RWA FZE in its regulatory engagement with the Dubai Virtual Assets Regulatory Authority [VARA] in connection with its receipt of 𝗜𝗻-𝗣𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹 “𝗜𝗣𝗔” for a 𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗔𝘀𝘀𝗲𝘁 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗣𝗿𝗼𝘃𝗶𝗱𝗲𝗿 “𝗩𝗔𝗦𝗣” 𝗟𝗶𝗰𝗲𝗻𝘀𝗲.

Stake RWA FZE has been established to provide regulated 𝘃𝗶𝗿𝘁𝘂𝗮𝗹 𝗮𝘀𝘀𝗲𝘁 𝗯𝗿𝗼𝗸𝗲𝗿-𝗱𝗲𝗮𝗹𝗲𝗿 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀 within the Emirate of Dubai, with a strategic focus is on delivering 𝘁𝗼𝗸𝗲𝗻𝗶𝘇𝗲𝗱 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 investment opportunities. Through the use of blockchain technology, Stake aims to enable investors to access fractional ownership of 𝗿𝗲𝗮𝗹-𝘄𝗼𝗿𝗹𝗱 𝗮𝘀𝘀𝗲𝘁𝘀 (𝗥𝗪𝗔𝘀) in a secure, transparent, and compliant manner.

Rasma Legal advised on the development and implementation of Stake’s licensing and regulatory framework and looks forward to continuing its support as the business progresses toward securing its full operating VASP license.

We congratulate Stake team Rami Tabbara, Manar Mahmassani, Ricardo Brízido, Magnus Beukman (FP)SA on this important milestone and wish them continued success as they bring innovative, compliant and transparent digital asset solutions to the market.

Interested in virtual asset licensing or regulatory engagement under VARA?
Our team is available to support.

📩 [email protected]
www.rasmalegal.com

25/12/2025

Merry Christmas from the Rasma Legal family!🎄
Wishing you peace, success, and new opportunities in the year ahead!

07/03/2025

Happy Women’s Day from Rasma Legal!

To the talented women at Rasma Legal and all incredible women around the world - you are strong, resilient, and inspiring. Today, we honor your outstanding achievements and the strides you have made.

Keep breaking barriers and driving transformative impact!

17/01/2025

With the increasing adoption of cryptocurrency in the United Arab Emirates (UAE), the tax treatment of cryptocurrency mining has become a matter of significant importance. On 14 January 2025, the Federal Tax Authority (FTA) issued VAT Public Clarification VATP039 to address the taxation implications associated with cryptocurrency mining.

The FTA defines cryptocurrency mining as “the process by which specialized computers, commonly referred to as mining rigs, validate blockchain transactions for a specific cryptocurrency, for which a reward may be earned in exchange for contributing computational power.”

This clarification aligns with recent amendments to the Value Added Tax (VAT) framework, particularly the extension of VAT exemptions to specified activities involving virtual assets. These changes are encapsulated in Cabinet Decision No. 100 of 2024, which amends the Executive Regulation of Federal Decree-Law No. (8) of 2017 on VAT, along with subsequent updates to the regulatory framework.

The UAE government has recently focused on establishing the nation as a leading, regulated, and investor-friendly jurisdiction for cryptocurrency activities. Supported by the UAE central government, these efforts include the issuance of comprehensive regulations to oversee the cryptocurrency market. Dubai, in particular, has taken a pioneering role by establishing the Virtual Assets Regulatory Authority (VARA). VARA serves as the first regulatory body in the Middle East and North Africa region dedicated to regulating the cryptocurrency market in Dubai. The primary objective of these initiatives is to ensure that Dubai’s market is both attractive and secure for individuals and entities seeking to invest in cryptocurrency, thereby fostering a conducive environment for such investments.

The FTA’s latest clarification demonstrates the UAE’s comprehensive approach to building a complete cryptocurrency ecosystem. By addressing key areas such as taxation, the government is setting the stage for sustainable growth in the sector while ensuring clarity and compliance for participants.

18/11/2024

At Rasma Legal, we are committed to delivering excellence through our global reach, extensive experience, diverse expertise, and dedicated team.

🔹 Serving clients across 50+ countries
🔹 25+ years of industry expertise
🔹 Specializing in 20+ practice areas
🔹 Powered by a team of 15+ professionals

Your trusted legal partner worldwide.

15/11/2024

Rasma Legal is headquartered in the UAE, and has offices in KSA and Lebanon. Our network of offices allows us to serve clients across the Middle East and beyond.

14/11/2024

At Rasma Legal, we bring over 25 years of distinguished expertise encompassing a broad range of practice areas, including Corporate Law, Regulatory & Licensing, Private Equity, Restructurings and more.

Our firm is recognized for its unconventional approach, with a strong focus on the rapidly evolving domains of digital assets and fintech. We embrace emerging technologies and stay at the forefront of legal developments.

27/11/2023

Attending the prestigious Oath - The Middle East Legal Awards 2023 was an absolute pleasure.

We are happy to have received an ‘Honorary Mention’ in the TMT Firm of the Year category. This recognition from The Oath is special to us, and we extend our heartfelt gratitude to the organizers for acknowledging our dedication and hard work.

We would like to express our gratitude to Sudesh Shankar, Managing Director & Publisher at Niche Publishers, for orchestrating an exceptional event.

We also want to express our deepest appreciation to our clients whose trust and partnership have been invaluable.

Thank you once again to The Oath, our cherished clients, and our exceptional team for making this recognition possible.

01/09/2023

We are delighted to share with you that Rasma Legal has been shortlisted as a finalist by Asian Legal Business for the 𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 𝐋𝐚𝐰 𝐀𝐰𝐚𝐫𝐝𝐬 2023 in the following categories:

• 𝐅𝐢𝐧𝐭𝐞𝐜𝐡 𝐋𝐚𝐰 𝐅𝐢𝐫𝐦 𝐨𝐟 𝐭𝐡𝐞 𝐘𝐞𝐚𝐫
• 𝐑𝐢𝐬𝐢𝐧𝐠 𝐋𝐚𝐰 𝐅𝐢𝐫𝐦 𝐨𝐟 𝐭𝐡𝐞 𝐘𝐞𝐚𝐫

Notably, the firm has been shortlisted as one of the few finalists from a pool of over 300 nominations received by Asian Legal Business.

In addition to this Managing Partner, Mazen Rasamny, has also been shortlisted as a finalist for the 𝐃&𝐈 𝐂𝐡𝐚𝐦𝐩𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐘𝐞𝐚𝐫 award. This is a recognition of his commitment to diversity and inclusion in the legal profession.

We are proud of the firm's achievements and congratulate all of the shortlisted individuals and firms. We wish them all the best in the upcoming awards ceremony.

20/06/2023

𝐅𝐈𝐍-𝐓𝐀𝐊𝐄!

The Central Bank of the UAE (CBUAE) has released new guidelines for Licensed Financial Institutions (LFIs) such as banks, finance companies, exchange houses, payment service providers, registered hawala providers, and insurance companies to comply with their obligations regarding anti-money laundering and combatting the financing of terrorism (AML/CFT).

It specifically addresses the risks associated with virtual assets (VA) and virtual asset service providers (VASP), providing clear definitions of these terms and their respective business models. The guidelines highlight the various ways LFIs interact with VASPs and outline the necessary customer due diligence (CDD) and enhanced due diligence (EDD) processes that LFIs should follow when dealing with potential VASP customers and counterparties. The goal is to minimize risks, support LFIs through training programs, establish a governance system, and implement effective recordkeeping mechanisms.

The guidelines align with the standards set by the Financial Action Task Force (FATF). The LFIs are required to comply within one month of the issuance of guidelines.

Read more:
https://www.centralbank.ae/media/csupdivk/cbuae-issues-new-guidance-for-licensed-financial-institutions-on-anti-money-laundering-and-combatting-the-financing-of-terrorism_en.pdf

19/06/2023

With the increasing reliance on modern technology and the vulnerability of personal, corporate, and governmental data, robust laws and regulations have become necessary to ensure the secure handling of information. The Kingdom of Saudi Arabia (‘KSA’) had issued the Personal Data Protection Law (‘PDPL’) initially on September 24, 2021, through Royal Decree M/19 of 9/2/1443H.

With this, KSA has achieved a significant milestone in protecting individual privacy through the subsequent amendments made to PDPL.

Read our latest article titled, ‘Recent amendments to Personal Data Protection Law (KSA)’, authored by Asma Shah, Senior Associate.

Read more: https://www.linkedin.com/feed/update/urn:li:activity:7076512331211415552

15/06/2023

We are delighted to introduce our newest team member at Rasma Legal, Rita Rahme, an experienced attorney-at-law with over 5 years of extensive expertise in various legal domains, making her a valuable addition to our dynamic team.

Her comprehensive understanding of corporate law spans across commercial transactions, contract negotiations, mergers and acquisitions, corporate governance, dispute resolution, and regulatory compliance across multiple jurisdictions.

With her deep knowledge of legal frameworks such as Companies law, Labour law, Real Estate law, and Telecommunication law, will ensure that the clients’ businesses remain compliant and well-protected from potential risks. Her proficiency in Qatari Law, including QFC Regulations, adds an extra layer of expertise to her services.

She also has a strong foundation in international law, having pursued post-graduate studies at the esteemed Hague Academy of International Law. This background equips her with the ability to navigate the complex global legal landscapes and provide invaluable guidance to multinational corporations.

Rita’s language proficiency is another remarkable attribute. Fluent in English, Arabic, and French, she can effectively assist our clients and provide legal services in these languages, ensuring seamless communication and understanding.

We are delighted to have Rita on board as she brings a wealth of corporate legal expertise to our team.

Please join us in welcoming Rita to Rasma Legal. Connect with her to explore how she can leverage her expertise to support your legal needs and help your business thrive.

Address

Al Asayel Street, Bay Square Building 01, Office No. 707, Business Bay
Dubai
00000

Opening Hours

Monday	09:00 - 17:00
Tuesday	09:00 - 17:00
Wednesday	09:00 - 17:00
Thursday	09:00 - 17:00
Friday	09:00 - 17:00

Website

http://rasmalegal.com/

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