Legal Updates Archives - Fichte & Co Legal Legal Firm in Dubai Wed, 11 Mar 2026 07:07:47 +0000 en-US hourly 1 https://fichtelegal.com/wp-content/uploads/2022/01/cropped-Favicon-32x32.png Legal Updates Archives - Fichte & Co Legal 32 32 Standing Strong with Dubai and the UAE: Operations Remain Active https://fichtelegal.com/standing-strong-with-dubai-and-the-uae-operations-remain-active/?utm_source=rss&utm_medium=rss&utm_campaign=standing-strong-with-dubai-and-the-uae-operations-remain-active Wed, 11 Mar 2026 07:07:47 +0000 https://fichtelegal.com/?p=45038 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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]]> Update: Significant Procedural Change Brought by DET for Incorporating New Companies in the Dubai Mainland https://fichtelegal.com/update-significant-procedural-change-brought-by-det-for-incorporating-new-companies-in-the-dubai-mainland/?utm_source=rss&utm_medium=rss&utm_campaign=update-significant-procedural-change-brought-by-det-for-incorporating-new-companies-in-the-dubai-mainland Mon, 09 Feb 2026 17:28:54 +0000 https://fichtelegal.com/?p=44674 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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]]> The UK is Dropping Tax-Free Status – Will Shipowners Set Sail for the UAE? https://fichtelegal.com/the-uk-is-dropping-tax-free-status-will-shipowners-set-sail-for-the-uae/?utm_source=rss&utm_medium=rss&utm_campaign=the-uk-is-dropping-tax-free-status-will-shipowners-set-sail-for-the-uae Fri, 25 Jul 2025 05:50:21 +0000 https://fichtelegal.com/understanding-the-jurisdiction-powers-function-and-fees-of-the-insurance-committee-for-settling-and-resolving-insurance-disputes-2/ From April 2025, the United Kingdom will eliminate its long-standing non-domiciled tax regime. The new rules will introduce a residence-based system, taxing global income and gains after a four-year transition period. For many international shipowners, this means the end of a structure that offered flexibility, tax efficiency, and strategic advantages for decades. The reform goes …

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]]> Understanding the Jurisdiction, Powers, Function and Fees of the Insurance Committee for Settling and Resolving Insurance Disputes https://fichtelegal.com/understanding-the-jurisdiction-powers-function-and-fees-of-the-insurance-committee-for-settling-and-resolving-insurance-disputes/?utm_source=rss&utm_medium=rss&utm_campaign=understanding-the-jurisdiction-powers-function-and-fees-of-the-insurance-committee-for-settling-and-resolving-insurance-disputes Wed, 11 Jun 2025 05:50:21 +0000 https://fichtelegal.com/?p=44256 The United Arab Emirates (UAE) has established a unified regulatory body for the insurance and banking sectors, known as the Ombudsman Unit for the United Arab Emirates “Sanadak” (operating under the UAE Central Bank) Sanadak commenced operations on 07 March 2024, replacing the former Banking and Insurance Dispute Settlement Unit (BIDRU). The recently issued Federal Administrative …

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]]> Breaking News in the UAE: The Nairobi Wreck Removal Convention is Almost Here! https://fichtelegal.com/breaking-news-in-the-uae-the-nairobi-wreck-removal-convention-is-almost-here/?utm_source=rss&utm_medium=rss&utm_campaign=breaking-news-in-the-uae-the-nairobi-wreck-removal-convention-is-almost-here Fri, 22 Nov 2024 06:45:28 +0000 https://fichtelegal.com/?p=43791 In addition to the 31 Conventions of the International Maritime Organization (“IMO”) ratified by the United Arab Emirates (“UAE”), the country is on the cusp of achieving another milestone in its endeavor to make significant strides as an international maritime hub. The UAE is one step away from being the 71st state to ratify the Nairobi …

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]]> An insight into the revamped Ultimate Beneficial Ownership Regulations in the UAE as of 2024 https://fichtelegal.com/an-insight-into-the-revamped-ultimate-beneficial-ownership-regulations-in-the-uae-as-of-2024/?utm_source=rss&utm_medium=rss&utm_campaign=an-insight-into-the-revamped-ultimate-beneficial-ownership-regulations-in-the-uae-as-of-2024 Tue, 11 Jun 2024 05:36:06 +0000 https://fichtelegal.com/?p=43089 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 the ability of the Registrar to adopt a risk-based approach in the determination of the UBO which will be discussed …

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]]> Update: UAE Corporate Tax Registration Deadlines https://fichtelegal.com/update-uae-corporate-tax-registration-deadlines/?utm_source=rss&utm_medium=rss&utm_campaign=update-uae-corporate-tax-registration-deadlines Tue, 26 Mar 2024 07:30:40 +0000 https://fichtelegal.com/uae-coming-out-of-fatf-grey-list-a-milestone-for-business-stability-2/ 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 based on the categorization of persons into Resident Juridical Persons, Non-Resident Juridical Persons and Natural Persons. The Decision further stipulates …

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]]> UAE Coming Out of FATF ‘Grey List’: a Milestone for Business Stability https://fichtelegal.com/uae-coming-out-of-fatf-grey-list-a-milestone-for-business-stability/?utm_source=rss&utm_medium=rss&utm_campaign=uae-coming-out-of-fatf-grey-list-a-milestone-for-business-stability Mon, 11 Mar 2024 07:30:40 +0000 https://fichtelegal.com/a-glance-in-the-new-insurance-law-in-the-uae-2/ 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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]]> Changes made by Ministerial Decision No. 296/2023 on fines for Emiratisation related offences https://fichtelegal.com/changes-made-by-ministerial-decision-no-296-2023-on-fines-for-emiratisation-related-offences-2/?utm_source=rss&utm_medium=rss&utm_campaign=changes-made-by-ministerial-decision-no-296-2023-on-fines-for-emiratisation-related-offences-2 Wed, 23 Aug 2023 17:50:40 +0000 https://fichtelegal.com/changes-made-by-ministerial-decision-no-296-2023-on-fines-for-emiratisation-related-offences-2/ In June 2023, Ministerial Decision No. 296/2023 on the Standards of Imposition of Administrative Fines According to Cabinet Decision No. 95/2022 on the Offences and Administrative Fines Related to the Initiatives and Programmes of the Emirati Talent Competitiveness Council (NAFIS), was issued. It covers procedures for imposing administrative fines for various Emiratisation related offences. In …

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]]> An Update on the Emiratization in the UAE https://fichtelegal.com/an-update-on-the-emiratization-in-the-uae-2/?utm_source=rss&utm_medium=rss&utm_campaign=an-update-on-the-emiratization-in-the-uae-2 Thu, 27 Jul 2023 19:58:40 +0000 https://fichtelegal.com/an-update-on-the-emiratization-in-the-uae-2/ Over the past couple of years, there have been major developments in the rules governing Emiratization in the private sector. In line with these developments, in June 2023, Ministerial Decision No. 296/2023 On the Standards of Imposition of Administrative Fines According to Cabinet Decision No. 95/2022 on the Offences And Administrative Fines Related to the …

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