Payment Terms For Uae Clients

Summary

The clause regarding payment terms, interest, and VAT is based on English law. Its applicability to a UAE client depends on the contracts governing law. UAE companies can set up direct debits through the Central Bank of the UAEs Direct Debit System. To ensure monthly payments by direct debit from a UAE client, include a clause specifying the payment terms and VAT considerations. When stating prices in a contract, mention that they are exclusive of VAT, which will be charged at the prevailing rate at the time of invoicing.

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Does this clause apply to UAE client of mine?
The clause you mentioned is based on English law, specifically referencing the Bank of England base rate and VAT regulations in the UK. However, applying this clause to a UAE client depends on the choice of law and jurisdiction indicated in your contract. If your contract specifies English law as governing law, then it should apply. Otherwise, UAE law may prevail.
Is your contract governed by English law or UAE law?
can UAE companies set up direct debits?
In the UAE, direct debits can be set up through the Central Bank of the UAE's Direct Debit System (UAEDDS). This system allows companies to collect payments directly from customers' bank accounts.
Is there a specific aspect of direct debits in the UAE you need more information on?
I need paying each month by direct debit from my UAE client: design me a cluse to make tis clear for my client in UAE
Sure! Here's a clause you can use to specify monthly direct debit payments from your UAE client:
"Payment Terms: The Client agrees to pay IATTAIN LTD by direct debit on a monthly basis. The payment will be debited from the Client's bank account on the [specific day] of each month, as per the Central Bank of the UAE's Direct Debit System (UAEDDS). All payments are exclusive of VAT and any other applicable taxes."
Would you like me to help with anything else?
when i state a price in the contract how should i talk about VAT on top?
When stating a price in the contract, you can address VAT by using the following wording:
"All prices stated in this contract are exclusive of VAT. VAT will be charged in addition at the prevailing rate applicable at the time of invoicing."
Is there anything else you need help with?