corporate Archives - Fichte & Co Legal

Introducing Sanadak: UAE’s first Ombudsman Unit for Financial and Insurance Consumer Disputes

Ravi P. Jawani — Thu, 28 Mar 2024 06:00:40 +0000

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 the Central Bank of the UAE in 2020, forming a unified regulatory body for both insurance and banking sectors. The …

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Update: UAE Corporate Tax Registration Deadlines

Dr. Laura Voda — Tue, 26 Mar 2024 07:30:40 +0000

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 based on the categorization of persons into Resident Juridical Persons, Non-Resident Juridical Persons and Natural Persons. The Decision further stipulates …

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Fichte and Co appoints Dr Laura Voda as Partner, strengthening its position in the thriving UAE legal landscape

Chiara De Maria — Tue, 25 Apr 2023 16:00:20 +0000

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 the country, navigating the local legal landscape can be complex and challenging. As a result, businesses operating in the nation …

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New compliance requirements in the UAE labour market in 2023

Dr. Laura Voda — Fri, 13 Jan 2023 01:00:07 +0000

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 employers need to ensure they are compliant with, starting this year. Part I: Mandatory subscription to the Involuntary Loss of …

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Changes in the UAE Tax Residency – To come into force in March 2023

Dr. Laura Voda — Fri, 18 Nov 2022 04:03:07 +0000

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 effect on 1 March 2023. This overhaul is aimed at clarifying and expanding the tax residency rules for both individuals …

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New Emiratisation Laws – 2% Emiratisation Law and Classification Law

Irma Dzinic — Fri, 26 Aug 2022 05:00:20 +0000

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 important part of the UAE national agenda and has already been active for more than 10 years. While the results …

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The New DIFC Employment Law- What Has Changed?

Fichte Legal — Mon, 17 Jun 2019 05:27:06 +0000

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 has been an ongoing debate about the implemented changes introduced by the New Law. Some changes have been enacted to protect …

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

Fichte Legal — Mon, 26 Nov 2018 05:41:38 +0000

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 steps involved in transferring shares of a Dubai-based LLC. Step 1: Fill up the Registration and Licensing Application Form Fill …

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UPDATE: New Foreign Direct Investments Law

Fichte Legal — Tue, 06 Nov 2018 07:15:33 +0000

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 finally been issued and introduces the process by which the UAE authorities will govern foreign direct investments. Below we have highlighted …

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New Business Membership Announcement

Fichte Legal — Thu, 22 Mar 2018 03:39:55 +0000

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 speakers providing market and industry trends Sector-specific focus group gatherings on issues and opportunities for industries Integrated membership website encouraging group-wide …

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