free zone Archives - Fichte & Co Legal

UPDATE: UBO Registry – A new compliance request for UAE companies

Fichte Legal — Sun, 04 Oct 2020 10:19:19 +0000

Key Changes Summary: On August 28, 2020, a new Cabinet Resolution came into effect, to regulate the procedures of a real beneficiary for corporate entities. Cabinet Resolution no. 58 of 2020 (the “UBO Resolution”) replaces Cabinet Resolution no. 34 of 2020. The Resolution aims at setting a procedure for the uniform reporting and registration of …

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New Foreign Direct Investment Law (Federal Law No. 19 of 2018): Upto 100% Foreign Ownership in the UAE

Neelesh Pillai — Tue, 09 Jul 2019 10:35:18 +0000

The Government of UAE has always taken initiatives in the improvement of the economy of the country by amending the existing Law or introducing new Laws, to attract more foreign investors to the country. Among several initiatives taken by the Govt of UAE, in November last year, a law permitting 100 per cent foreign ownership …

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Get 100% Foreign Ownership Today in Dubai

Neelesh Pillai — Wed, 24 Oct 2018 06:24:47 +0000

Freezones have always been the topic of discussion in the U.A.E., especially when considering options for setting up a business within the country. Which is why, many investors are attracted to establishing a company within the UAE freezones, as unique packages united with advantages offer the perfect hub for businesses to grow. Amongst the various …

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The Dubai Multi Commodity Centre (DMCC) Free Zone Opens its Doors to Corporate Redomiciliation

Fichte Legal — Mon, 19 Mar 2018 02:41:16 +0000

The Dubai Multi Commodity Centre (DMCC) free zone has recently issued guidelines permitting companies to redomicile or migrate to the DMCC from other jurisdictions provided the laws of the jurisdiction in which it is incorporated permit the transfer of the company to the DMCC. What is Redomiciliation? Redomiciliation is a concept whereby a company transfers …

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The New Dubai Investor License

Fichte Legal — Mon, 04 Sep 2017 03:50:17 +0000

It has recently been announced by the Dubai Business Registration and Licensing sector of the Department of Economic Development (DED) that a new type of “Instant License” is to be issued to businessmen and investors within five minutes, curtailing some of the requirements in an effort to reduce the time required for business registration. Traditionally, …

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Onshore License For DIFC Free Zone Companies To Operate Across Dubai

Fichte Legal — Tue, 11 Jul 2017 02:02:09 +0000

The Dubai International Financial Centre (“DIFC”), a leading financial free zone in the UAE, issued a press release (“Press Release”), on 1 May 2017, stating that it has entered into a memorandum of understanding (“MoU”) with the Dubai Economy, the registration authority for onshore companies in Dubai, to allow companies operating within the DIFC to …

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