The Curious Case of Causation
‘FULL AHEAD’ ordered the Master on the Bridge, and so the fully laden good old bulk carrier, which has weathered many a storm in its more than two decades at sea, complemented by a seasoned…
Updates on Corporate Tax: incentives for small businesses, exemptions from tax and unified filings for governmental entities
Federal Decree Law No.47 of 2022 on the Taxation of Corporations and Businesses (the “Corporate Tax Law”) is, without doubt, one of the major developments in the UAE’s legislative landscape of the past years. Introducing…
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…
New Commercial Agency Law in the UAE – Key Takeaways
The commercial agency framework in UAE has been a key element of commerce. This enables foreign companies or freezone companies to distribute, offer and negotiate the sale or purchase of goods and services on its…
Foolish to fake it: risks and penalties of not following Emiratisation rules
“The UAE government policy to support Emiratisation or increased participation of UAE nationals in the private sector workforce has been around for several years now,” states Dr Laura Voda. “Other GCC states including Saudi, Oman,…
Identifying factors driving the progress of the UAE’s Maritime Industry
The UAE’s unique location at the crossroads of global shipping routes and its constant drive towards innovation has enabled it to become one of the leading international maritime hubs. The maritime sector is a key…
New compliance requirements in the UAE labour market in 2023
The new year has brought with it changes in the legal landscape in the UAE, especially in relation to employment and governance of labour relations. This Article deals specifically with two laws that employees and…
Changes in the UAE Tax Residency – To come into force in March 2023
Cabinet Decision No. 85 of 2022 on the Determination of the Tax Domicile (hereinafter referred to as the “Decision”) is the newest development in the tax related legislation of UAE. The Decision will come into…
Ship Finance in the UAE
As a Civil law jurisdiction, UAE maritime law is derived from the UAE's Maritime Code (or specifically Federal Law No. 26/1981). Still, the Commercial and Civil Codes govern all maritime financial transactions. The Federal Maritime Authority (FMA) is the…