Introducing Sanadak: UAE’s first Ombudsman Unit for Financial and Insurance Consumer Disputes
The UAE has taken a significant step towards enhancing consumer trust and protecting consumer rights with the introduction of the new ombudsman unit, "Sanadak". This move follows the merger of the UAE Insurance Authority with…
Update: UAE Corporate Tax Registration Deadlines
The Federal Tax Authority (FTA) in a recent decision, FTA Decision No. 3 of 2024 on the Registration Timeline for Corporate Tax has provided the deadlines for registration of Corporate Tax (CT). The deadlines are…
Fichte and Co appoints Dr Laura Voda as Partner, strengthening its position in the thriving UAE legal landscape
As the UAE continues to establish itself as an ideal hub for business, the need for reliable legal services continues to grow exponentially. With an increasing number of international companies setting up their operations in…
New compliance requirements in the UAE labour market in 2023
The new year has brought with it changes in the legal landscape in the UAE, especially in relation to employment and governance of labour relations. This Article deals specifically with two laws that employees and…
Changes in the UAE Tax Residency – To come into force in March 2023
Cabinet Decision No. 85 of 2022 on the Determination of the Tax Domicile (hereinafter referred to as the “Decision”) is the newest development in the tax related legislation of UAE. The Decision will come into…
New Emiratisation Laws – 2% Emiratisation Law and Classification Law
What is Emiratisation? The initiative by the Government of the UAE to increase the number of UAE nationals employed in the private and public sectors is called Emiratisation. The Emiratisation program is an…
The New DIFC Employment Law- What Has Changed?
DIFC Employment Law no. 2 of 2019 (“New Law”) has recently been enacted which repeals and replaces the DIFC Law no. 4/2005 as amended by DIFC Law no. 3 of 2012 (“Previous Law”). There has…
Five Practical Steps to Transferring Shares in a Limited Liability Company in Dubai
The M&A deal is nearing closing. You now have to transfer the shares of a limited liability company (“LLC”) in Dubai – how do you go about it? This ‘how-to’ note sets out the key…
UPDATE: New Foreign Direct Investments Law
Earlier this year, the UAE government announced that foreigners will be allowed to retain 100% ownership in UAE mainland companies. Federal Decree Law no. 19 of 2018 on Foreign Direct Investments (“FDI Law”) has finally…