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The Welcomed Law for Administration of Estates for Non-Muslims in Dubai

The law for administration of non-Muslim estates in Dubai has recently been announced and applies in both the Dubai courts and DIFC courts. This welcomed approach provides further clarity for non-Muslim expatriates who wish to…

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Doing Business in the United Arab Emirates

 I. Key facts What are the key facts on doing business in the UAE? When considering doing business in a foreign jurisdiction, an investor must consider a wide range of commercial, political and capital security…

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New MoU between Dubai Land Department and Dubai International Financial Centre

The Dubai Land Department (DLD) and the Dubai International Financial Centre (DIFC) entered into a Memorandum of Understanding (MOU) on May 4th 2017, allowing DIFC registered entities to purchase properties and register their properties with…

Securing a Drydocks’ Claim

Introduction Historically drydocks were seldom facing the problem of obtaining security for the work performed over a vessel. Due to a general retention right recognized nearly worldwide, the payment was in fact made before the…

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Legal 500’s Exclusive Interview with Managing Partner Jasmin Fichte

Managing Partner Jasmin Fichte on how Fichte & Co can provide value added substance in critical times where legal budget cuts have been made across industries. What do you see as the main points that…

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Summary of the new UAE VAT Law

On 23 August 2017, the UAE published Federal Decree Law No. 8 of 2017 on Value Added Tax (“VAT Law”) which comes into effect on 1 January 2018 and sets out the framework within which…

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The New Dubai Investor License

It has recently been announced by the Dubai Business Registration and Licensing sector of the Department of Economic Development (DED) that a new type of “Instant License” is to be issued to businessmen and investors…

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New Excise Tax In The UAE

On 17 August 2017, the UAE published Federal Decree Law No. 7 of 2017 on Excise Tax (“Excise Tax Law”) which comes into effect on 1 October 2017 and sets out the framework within which…

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Directors Liability in the UAE: what you need to know

C-level leaders, corporate directors, and company owners are given a great deal of power when running their organizations and divisions, both onshore and offshore, in the United Arab Emirates (UAE). Failing to follow the laws…