LLC Archives - Fichte & Co Legal

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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7 Things You Need To Know Before You Go Freelance In The UAE

Fichte Legal — Sun, 04 Feb 2018 02:00:55 +0000

Many expats in the UAE are hesitant about going freelance despite the attractions of being your own boss. Here, we answer the key questions about freelancing. Is freelancing permitted in the UAE? Freelancing is permitted in the UAE as long as you obtain the requisite permits and approvals. What are the key permits and approvals …

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Summary of the new UAE VAT Law

Fichte Legal — Mon, 11 Sep 2017 09:49:43 +0000

On 23 August 2017, the UAE published Federal Decree Law No. 8 of 2017 on Value Added Tax (“VAT Law”) which comes into effect on 1 January 2018 and sets out the framework within which VAT will be levied in the UAE. We have set out below the key points in relation to the implementation …

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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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New Excise Tax In The UAE

Fichte Legal — Mon, 04 Sep 2017 02:52:23 +0000

On 17 August 2017, the UAE published Federal Decree Law No. 7 of 2017 on Excise Tax (“Excise Tax Law”) which comes into effect on 1 October 2017 and sets out the framework within which excise tax will be levied in the UAE. Quick Summary Applicability: The Excise Tax Law will apply to goods (“Excise …

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Directors Liability in the UAE: what you need to know

Fichte Legal — Sun, 27 Aug 2017 08:20:41 +0000

C-level leaders, corporate directors, and company owners are given a great deal of power when running their organizations and divisions, both onshore and offshore, in the United Arab Emirates (UAE). Failing to follow the laws of the UAE can jeopardize the company as well as the director’s reputation, and may even lead to criminal liability. …

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UAE Issues Waiver for Amendments to MOA of LLC’s

Fichte Legal — Sun, 30 Apr 2017 04:28:39 +0000

The UAE Ministry of Economy recently issued the ministerial resolution no. 694 of 2016 (the “Resolution”) which waives the requirement of amending the memorandum of association (“MOA”) of limited liability companies (LLC), joint liability companies, and limited partnerships (collectively, the “Exempted Companies”) as per the provisions of the Federal Law No. 2 of 2015 concerning …

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LLC’s: time for compliance check with Companies Law?

Fichte Legal — Mon, 05 Sep 2016 04:56:03 +0000

Although the Companies Law (Federal Law 2/2015 concerning commercial companies), which came into effect in July 2015, did not bring about ground-breaking changes to the legal regime surrounding limited liability companies (LLC) in the United Arab Emirates, there are still certain important changes and updates that LLC’s need to be aware of lest they inadvertently …

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New Draft Of Commercial Companies Law (CCL)

Fichte Legal — Wed, 05 Feb 2014 04:52:39 +0000

The Federal National Council of the United Arab Emirates (the “FNC”) has approved a new draft version of the Federal Law No. 8 of 1984 Concerning Commercial Companies (the “CCL Draft 2013”) which will come into force three months after publication in the United Arab Emirates’ (the “UAE”) Official Gazette. The CCL Draft 2013 introduces …

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