UAE law Archives - Fichte & Co Legal

Fichte & Co Legal Expands Presence to Saudi Arabia, Offering Comprehensive Legal Solutions

Jasmin Fichte — Mon, 18 Mar 2024 06:20:40 +0000

Fichte & Co Legal is thrilled to announce a significant expansion of our services into Saudi Arabia, through a partnership with the esteemed law firm AlSuwaiket & Al Busaiyes (SB) managed by Dr. Bader AlBusaiyes. This collaboration marks a pivotal step in our mission to deliver exceptional legal services across the Middle East, complementing our …

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Changes made by Ministerial Decision No. 296/2023 on fines for Emiratisation related offences

Chiara De Maria — Wed, 23 Aug 2023 17:50:40 +0000

In June 2023, Ministerial Decision No. 296/2023 on the Standards of Imposition of Administrative Fines According to Cabinet Decision No. 95/2022 on the Offences and Administrative Fines Related to the Initiatives and Programmes of the Emirati Talent Competitiveness Council (NAFIS), was issued. It covers procedures for imposing administrative fines for various Emiratisation related offences. In …

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An Update on the Emiratization in the UAE

Chiara De Maria — Thu, 27 Jul 2023 19:58:40 +0000

Over the past couple of years, there have been major developments in the rules governing Emiratization in the private sector. In line with these developments, in June 2023, Ministerial Decision No. 296/2023 On the Standards of Imposition of Administrative Fines According to Cabinet Decision No. 95/2022 on the Offences And Administrative Fines Related to the …

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Updates on Corporate Tax: incentives for small businesses, exemptions from tax and unified filings for governmental entities

Dr. Laura Voda — Mon, 01 May 2023 20:31:40 +0000

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 a major compliance requirement for the entities whose permanent establishment is in UAE, the Corporate Tax Law had a number …

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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 Commercial Agency Law in the UAE – Key Takeaways

Dr. Laura Voda — Thu, 09 Feb 2023 01:49:40 +0000

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 behalf within the UAE, through commercial agents in return for commission or profit. These companies can thus offer their products …

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Foolish to fake it: risks and penalties of not following Emiratisation rules

Dr. Laura Voda — Fri, 20 Jan 2023 02:10:40 +0000

“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, Kuwait and Bahrain have similar policies too, although in most cases their nationalisation provisions are stricter than in the UAE. …

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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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Everything You Need to Know about FIDIC Contract in the UAE

Fichte Legal — Mon, 27 May 2019 02:58:15 +0000

Introduction The International Federation of Consulting Engineers (FIDIC) is an international organization best known for developing standard contracts forms for the construction and engineering industry. Due to the rapid construction growth during the last 20 years and international cooperation, FIDIC contracts are commonly used on construction projects in UAE. However, peculiarities of legislation and special …

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