Overview of the Bankruptcy Proceedings and Preventive Measures in the UAE
Definition of bankruptcy: Legally speaking, bankruptcy in the UAE is an expression used to describe a legal status in which a natural (individual) or legal (company) person owes a sum of money to third parties…
Glossary – learn the most important crypto and blockchain terms.
A Address A string of letters and numbers that are used to receive cryptocurrency. Works similar to a traditional bank account number and can be shared publicly with others. All Time High (ATH) Refers to…
UPDATE: FTA Clarifies the VAT Treatment of Compensation Payments
The Federal Tax Authority (FTA) has recently published a clarification on VAT treatment of compensation type payments, such as payments to settle disputes, and other contractually agreed compensation. Where a payment or fee is not…
Demystifying The Financial Regulatory Landscape In The UAE
Navigating the financial regulatory landscape of a country can be daunting. The myriad of regulators and regulations can make you feel stuck in a grey area – not a comfortable place for someone who wants…
Executive Summary of EU GDPR: 10 Action Points for Compliance
The deadline to comply with the European Union’s General Data Protection Regulation (GDPR) is just around the corner. In this article, we summarize the key points that you need to know about the GDPR and…
Update: Ministerial Decision for Part-Time Contract Workers in the UAE
Key Considerations for Ministerial Decision no. 31 of 2018 Concerning Developing a New Employment System Under Part-Time Contracts (“Ministerial Resolution”) The Ministerial Resolution which allows part-time work in the UAE to be conducted without the…
Digital Directions
Digital assets have been hitting the headlines regularly. Irina Heaver explains with a host of different terms being used, and many different regulators and regulations potentially being relevant depending on the nature of the specific…
New Business Membership Announcement
Fichte & Co is pleased to announce Business Membership with British Business Group, Dubai & Northen Emirates. Membership Benefits Constructive networking opportunities at breakfast briefings, business lunches, dinners and other social events Insightful guest speakers…
The Dubai Multi Commodity Centre (DMCC) Free Zone Opens its Doors to Corporate Redomiciliation
The Dubai Multi Commodity Centre (DMCC) free zone has recently issued guidelines permitting companies to redomicile or migrate to the DMCC from other jurisdictions provided the laws of the jurisdiction in which it is incorporated…