Business Law and Compliance Archives - Fichte & Co Legal

Avoiding Tax Fines in the UAE: Why Compliance Starts Before Filing

Florian Herkommer — Mon, 06 Jul 2026 11:17:56 +0000

Tax compliance in the UAE is no longer just a filing exercise. It is a business discipline that affects cash flow, audit readiness, financing, and the ability to respond when the Federal Tax Authority asks questions. Failure to comply can lead to significant penalties, unexpected tax assessments, and disputes with the Federal Tax Authority (FTA), …

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Standing Strong with Dubai and the UAE: Operations Remain Active

Jasmin Fichte — Wed, 11 Mar 2026 07:07:47 +0000

In light of recent developments being reported across the region, we would like to briefly confirm that Dubai and the United Arab Emirates remain fully operational, with business activities continuing as normal. All UAE courts, government authorities and regulatory bodies are open and operating, and legal proceedings and commercial activities continue without interruption. At Fichte …

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UAE Corporate Tax Law Amendment: Tax Credit Offsets and Payments for Unutilized Credits

Dr. Laura Voda — Fri, 30 Jan 2026 07:13:43 +0000

On 15 December 2025, the UAE issued a new Federal Decree-Law amending Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (“Corporate Tax Law”). The amendments further refine the UAE’s corporate tax framework by clarifying the treatment of tax credits, incentives, and reliefs, and by introducing a statutory basis for claiming …

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RAK ICC Foundations: New Amendments Enhance Asset Protection and Succession Planning

Florian Herkommer — Wed, 19 Nov 2025 05:54:39 +0000

Foundations have become an essential structuring tool in the United Arab Emirates (UAE), particularly for succession planning, asset protection, and international wealth management. The Ras Al Khaimah International Corporate Centre (RAK ICC) introduced its Foundations regime in 2019, with substantial amendments taking effect on 31 July 2025 to further enhance the framework. These changes consolidate …

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Special Purpose Vehicles (“SPVs”) in ADGM And DIFC: A Focus on the Recent Amendments to the “Nexus Requirement”

Carola Uva — Mon, 28 Oct 2024 10:42:27 +0000

The incorporation of Special Purpose Vehicles (“SPVs”) has gained importance in the financial hub of the UAE, specifically within the Abu Dhabi Global Market (“ADGM”) and the Dubai International Financial Centre (“DIFC”). Recent regulatory changes in both jurisdictions have been introduced to simplify the setup process of SPVs and to establish a stronger connection with …

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