corporate Archives - Fichte & Co Legal

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

Anna Mkrtchyan — 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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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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Doing Business in the United Arab Emirates

Fichte Legal — Thu, 09 Nov 2017 04:55:25 +0000

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 issues that will impact the final decision of investing in a particular country. Over the last two decades the United …

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Legal 500’s Exclusive Interview with Managing Partner Jasmin Fichte

Fichte Legal — Tue, 31 Oct 2017 01:58:19 +0000

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 differentiate Fichte & Co from your competitors? The Legal Market in the UAE is mainly twofold in that the industry …

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UAE cuts ties with Qatar – Recent Developments

Fichte Legal — Thu, 08 Jun 2017 01:11:21 +0000

The UAE Ministry of Foreign Affairs issued a statement on Monday 5th June 2017 that United Arab Emirates, Saudi Arabia, Egypt and Bahrain were severing diplomatic ties with Qatar, as tensions escalate in the region over accusations that Doha sponsors terrorism. It is important that all companies based in the UAE do comply with the …

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