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…

New Emiratisation Laws – 2% Emiratisation Law and Classification Law

What is Emiratisation?   The initiative by the Government of the UAE to increase the number of UAE nationals employed in the private and public sectors is called Emiratisation.    The Emiratisation program is an…

The New DIFC Employment Law- What Has Changed?

[vc_row][vc_column][vc_column_text] DIFC Employment Law no. 2 of 2019 (“New Law”) has recently been enacted which repeals and replaces the DIFC Law no. 4/2005 as amended by DIFC Law no. 3 of 2012 (“Previous Law”). There…

Five Practical Steps to Transferring Shares in a Limited Liability Company in Dubai

The M&A deal is nearing closing.  You now have to transfer the shares of a limited liability company (“LLC”) in Dubai – how do you go about it? This ‘how-to’ note sets out the key…

UPDATE: New Foreign Direct Investments Law

[vc_row][vc_column][vc_column_text] Earlier this year, the UAE government announced that foreigners will be allowed to retain 100% ownership in UAE mainland companies. Federal Decree Law no. 19 of 2018 on Foreign Direct Investments (“FDI Law”) has…

New Business Membership Announcement

[vc_row][vc_column][vc_column_text] Fichte & Co is pleased to announce Business Membership with British Business Group, Dubai & Northen Emirates. Membership Benefits Constructive networking opportunities at breakfast briefings, business lunches, dinners and other social events Insightful guest…

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…

Legal 500’s Exclusive Interview with Managing Partner Jasmin Fichte

[vc_row][vc_column width="3/4"][vc_column_text]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…

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