Commercial fraud is a serious offense in the UAE under Article 4 of UAE Federal Law No. 42/2023 (Anti-Commercial Fraud Law). This law strictly prohibits activities involving counterfeit goods, including import, export, production, display, sale, storage, or possession with the intent to sell.
Key Penalties Under the Law:
- Basic Offense: Violations are punishable by up to 2 years of imprisonment and fines ranging from AED 5,000 to AED 1 million.
- Severe Offenses: Higher penalties, including fines of AED 100,000 to AED 2 million and imprisonment, apply if the counterfeit products:
- Affect the health and security of humans or animals.
- Involve medical drugs or agricultural crops.
Why This Law Matters:
The UAE enforces stringent measures to maintain the safety and integrity of its markets while protecting public health and consumer rights.
Need Legal Assistance?
If you are facing allegations or need guidance on compliance with the UAE’s Anti-Commercial Fraud Law, our expert legal team is here to help. Contact us for reliable advice and representation.
Disclaimer: This blog post is intended for informational purposes only and should not be considered legal advice. For personalized legal guidance tailored to your specific situation, please consult a qualified lawyer in the UAE.
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