Special Purpose Vehicles (“SPVs”) in ADGM And DIFC: A Focus on the Recent Amendments to the “Nexus Requirement”

The incorporation of Special Purpose Vehicles (“SPVs”) has gained importance in the financial hub of the UAE, specifically within the Abu Dhabi Global Market (“ADGM”) and the Dubai International Financial Centre (“DIFC”). Recent regulatory changes…

New Amendments To UAE Federal Decree Law No. 33/2021 on Labour Relations

On 29 July 2024, the new Federal Decree Law No. 9/2024 was enacted and introduced significant amendments to certain provisions of Federal Decree Law No. 33/2021, which governs labor relations. These changes, effective from 31…

Essential Guide to Registering Your Yacht in the UAE

In the UAE, maritime activities are regulated by distinct legal frameworks tailored to accommodate different types of vessels and demands of different shipowners and ship operators. While the rules for registering a commercial vessel are…

UAE makes strides in crypto asset regulation: An analysis of the new UAE Central Bank Regulations on Stablecoins

Over the past years, UAE’s resolve to be a leader in the virtual assets space has continued to strengthen. The latest development is the enactment of the Payment Token Services Regulation (the Regulations) issued by…

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…