The UK is Dropping Tax-Free Status – Will Shipowners Set Sail for the UAE?

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,…

Enforcing Foreign Court Judgments and Arbitration Awards in the UAE: A Simple Guide

When a court or arbitration panel issues a ruling in another country, enforcing it in the UAE isn’t always automatic. Specific legal steps are required to ensure that foreign judgments and arbitration awards are recognized…

UAE Ship Recycling Regulation (SRR) to Apply to Foreign and UAE-Flagged Ships From 26 June 2025

The UAE is setting a new course for sustainability in the maritime sector. Marking a decisive move toward the safe and environmentally sound disposal of end-of-life vessels, the UAE Ship Recycling Regulation (SRR) will apply…

Understanding the Jurisdiction, Powers, Function and Fees of the Insurance Committee for Settling and Resolving Insurance Disputes

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…

Moving to Dubai: What Germans Should Know

For wealthy Germans considering emigrating to Dubai, there are many questions and important aspects that need to be clarified. In recent years, Dubai has become a preferred destination for affluent individuals and entrepreneurs who want…

Fichte & Co Expands Expertise with the Appointment of Manik Verma as Partner – Ship & Aviation Finance

Dubai, UAE – 17 March 2025 – Fichte & Co is pleased to announce the appointment of Manik Verma as Partner – Ship & Aviation Finance, reinforcing the firm’s position as a leading provider of…

Significant Changes for RAK ICC: 0% Corporate Tax Benefit For Offshore Companies

Following the enactment of the Emiri Decree No. (12) of 2024 Regarding the amendment of Emiri Decree No. (4) of 2016, the Ras Al Khaimah International Corporate Centre (“RAK ICC”) has introduced important changes that…

Breaking News in the UAE: The Nairobi Wreck Removal Convention is Almost Here!

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…

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…