UAE Coming Out of FATF ‘Grey List’: a Milestone for Business Stability

In the realm of global finance, the United Arab Emirates (UAE) has long stood as a beacon of opportunity, drawing investors and businesses from around the world. Another sound reason to enhance this undeniable truth…

New High Court judgment reconfirms enforcement actions in UAE to be honored in UK, despite assets being transferred to escape creditors

  In 2022, the UAE Ministry of Justice confirmed there is reciprocity between the UAE and Great Britain and Northern Ireland with regards to enforcement in judicial matters. This happened after the landmark Lenkor [1]…

Updates on Corporate Tax: incentives for small businesses, exemptions from tax and unified filings for governmental entities

Federal Decree Law No.47 of 2022 on the Taxation of Corporations and Businesses (the “Corporate Tax Law”) is, without doubt, one of the major developments in the UAE’s legislative landscape of the past years. Introducing…

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 Commercial Agency Law in the UAE – Key Takeaways

The commercial agency framework in UAE has been a key element of commerce. This enables foreign companies or freezone companies to distribute, offer and negotiate the sale or purchase of goods and services on its…

Registration of Security Interests over Movable Property in the UAE

Historically, the practice of creating security in the UAE could be distinguished from common law jurisdictions, with no recognition of floating charges or future assets. There was no comprehensive legislation which mandated the registration of…

Update on the Major Overhaul of UAE Legislation with effect from February 2022

In celebrating its landmark 50th anniversary, the UAE has introduced various legislative changes reinforcing its position as a market leader in the region. The new legislation requires additional compliance from businesses and thus, we at…

Approaching Deadline: Amendments to Constitutional Documents of Mainland Companies

The Federal Law by Decree No. 26 2020 (“Decree Law”), issued on November 23, 2020, introduced new provisions amending various aspects of the Federal Law No.2 2015 regarding Commercial Companies (“Commercial Companies Law”). The Decree…

New regulation on Bounced Cheques and its Implications

Introduction The UAE being a commercial hub with an expanding economy, cheques are one of the common forms of payments, regardless of the size of the transaction, and they are also used as a method…

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