Ministry of Economy Archives - Fichte & Co Legal

The ‘Economic Substance Regulations’ – a New Test for the UAE Companies. How does it apply?

Dr. Laura Voda — Sun, 12 Apr 2020 09:12:04 +0000

Client update In 2019, the UAE Government issued a series of Directives and Resolutions, collectively referred to as the “Economic Substance Regulations” or the ESR. The purpose of the ESR is to curb harmful tax practices in UAE, in compliance with OECD international standards and with the guidelines issued by the European Union Code of …

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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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