Company Setup Archives - Fichte & Co Legal

Dual Licensing in the UAE: Key Tax Implications

Lakshmi Omanakuttan — Fri, 13 Mar 2026 12:04:37 +0000

The UAE, known for its wide range of business setup and growth opportunities, offers a dual licensing regime that plays an important role for businesses seeking to expand across multiple jurisdictions within the country. Dual licensing allows a company incorporated in a free zone to operate its activities on the mainland without the need to …

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Update: Significant Procedural Change Brought by DET for Incorporating New Companies in the Dubai Mainland

Lakshmi Omanakuttan — Mon, 09 Feb 2026 17:28:54 +0000

The Department of Economy and Tourism (DET), Dubai, has recently introduced an update to the procedural requirements relating to the incorporation of new companies or subsidiaries in the Dubai mainland jurisdiction. The update affects foreign corporate shareholders who intend to incorporate their company or subsidiary in the Dubai mainland. As per the updated procedural requirement, …

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DMCC Introduces New Regulations to Shape Business Growth

Dr. Laura Voda — Tue, 05 Aug 2025 05:56:54 +0000

With the growing number of business incorporations and commercial markets in the UAE, the DMCC regime has taken a substantive step to stimulate better business growth and streamline the process for companies in the DMCC by introducing new changes through its Company Regulations 2024, Companies Limited by Guarantee Regulation 2024, Family Office Rules, and the …

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

Dr. Laura Voda — Mon, 11 Mar 2024 07:30:40 +0000

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 is the recent removal of the UAE from the Financial Action Task Force (FATF) Grey List [1], which can only …

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

Dr. Laura Voda — Tue, 01 Feb 2022 06:27:15 +0000

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 Fichte & Co. intend to give you a brief overview of the major legislative changes. The New Labour Law of …

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Approaching Deadline: Amendments to Constitutional Documents of Mainland Companies

Dr. Laura Voda — Tue, 19 Oct 2021 01:49:50 +0000

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 Law did not only abolish the general requirement for Emirati Majority participation but also introduced new and amended provisions for …

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MoE: Register your non-financial business to anti-money laundering systems

Chiara De Maria — Wed, 31 Mar 2021 10:21:43 +0000

The UAE Ministry of Economy (MoE) announced that all Designated Non-Financial Businesses and Professions (DNFBPs) must complete their registration in the following anti-money laundering systems by March 31, 2021. This is part of the UAE’s Federal Decree No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations.This …

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New Visa options in the UAE

Habib Babikir — Mon, 29 Mar 2021 09:22:20 +0000

The last months have witnessed significant new visa reforms in the United Arab Emirates. The coronavirus pandemic has seen an exponential rise in the number of people switching to remote work. While working from home is becoming the new normal, the United Arab Emirates have started to give the opportunity to live in one of the most beautiful and safe …

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A Partnership Between Fichte & Co. and Middlesex University Dubai

Fichte Legal — Tue, 20 Oct 2020 07:28:43 +0000

Since 2016, the partnership between Fichte & Co and Middlesex University Dubai, has focused on establishing a common platform in order to cultivate law students for their transition from academia to the professional industry. The partnership was also sealed by the signing of a Memorandum of Understanding, where both parties committed to a mutually beneficial …

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UPDATE: UBO Registry – A new compliance request for UAE companies

Fichte Legal — Sun, 04 Oct 2020 10:19:19 +0000

Key Changes Summary: On August 28, 2020, a new Cabinet Resolution came into effect, to regulate the procedures of a real beneficiary for corporate entities. Cabinet Resolution no. 58 of 2020 (the “UBO Resolution”) replaces Cabinet Resolution no. 34 of 2020. The Resolution aims at setting a procedure for the uniform reporting and registration of …

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