An insight into the revamped Ultimate Beneficial Ownership Regulations in the UAE as of 2024
A recent overhaul of the regulations concerning the determination of an Ultimate Beneficial Owner (UBO) has brought about considerable changes in the UBO determination and filing for entities in the UAE. The most significant is…
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 & Co Legal Expands Presence to Saudi Arabia, Offering Comprehensive Legal Solutions
Fichte & Co Legal is thrilled to announce a significant expansion of our services into Saudi Arabia, through a partnership with the esteemed law firm AlSuwaiket & Al Busaiyes (SB) managed by Dr. Bader AlBusaiyes.…
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…
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…
We did it again: Leading law firm Fichte & Co is now the first LLC registered law firm in the UAE.
The firm is committed to constantly evolving and growing by welcoming new partners and granting its continuity Dubai – United Arab Emirates –22 of September, 2022: After earning many landmark judgments for its clients, Fichte…
The interpretation of “otherwise” in a Jurisdiction Clause
On 29 July 2022, the English Commercial court rendered a decision in Al Mana Lifestyle Trading LLC & Ors v United Fidelity Insurance Company PSC & Ors [2022] EWHC 2049 (Comm) case, whereby the claim…
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…