DIFC Issues New Laws and Regulations (November 2018): Key Action Points and Changes
The new DIFC Companies Law came into effect on 12 November and brings with it a number of important changes. In the below article, our Senior Associate, Priyasha Corrie talks about the key action points, changes and what it means for your business.
Time-bars, time limits and deadlines for legal cases under UAE law
Under UAE civil law – like in other civil law systems – not all time-bars are mentioned and dealt with in one particular statue. Our Partner, Alessandro Tricoli, and Senior Associate, Shehab Mamdouh explains the different time bars, time limits and deadlines for legal cases under UAE law.
Get 100% Foreign Ownership Today in Dubai
Freezones have always been the topic of discussion in the U.A.E. Amongst the various benefits, 100% foreign ownership is one of the advantages which is enjoyed the most by investors in these freezone companies. In the below article, our Company Setup Specialist, Neelesh Pillai talks about everything that you need to know about setting up …
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UPDATE: New Foreign Direct Investments Law
The game-changing UAE investment law, which is expected to change nation's business landscape by attracting increased foreign direct investments, has come into effect. In the below article, our Associate Sarra Alsamarrai highlighted the main provisions of the FDI Law as it currently stands.
Seven Things to Know About Filing a Bankruptcy Petition in the UAE
The absence of a legal framework for bankruptcy has long been a hindrance to UAE business. In the absence of proper bankruptcy laws, even a bounced cheque could land an entrepreneur in jail. The implementation of the relatively new bankruptcy law in the UAE is a huge step forward in improving the country’s economic and …
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UAE Shipping Companies Seek VAT Exemption
The UAE has climbed to sixth place in 2017 from seventh in 2015 on the list of the future leading maritime capitals. The UAE maritime industry is seeking exemption from the value-added tax as industry falters. Maritime Executives in the United Arab Emirates are lobbying the government to reduce new value-added tax obligations, saying they …
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Digital Directions
Digital assets are the foundation of the new economy, and the developments of it continue to hit the headlines regularly. Our Partner & Head of Commercial & Technology, Irina Heaver explains different regulations depending on the nature of the specific assets. This article was also published in LexisNexis – Middle East.
All You Need to Know About Debt Recovery Procedures in the UAE
According to the 2018 Global Ranking on Debt Collection, UAE is one of the most challenging places in the world for recovering the debt. With this in mind, keeping an eye on your cash-flow and expenditures are more vital than ever! Fichte & Co.’s dedicated Corporate and Litigation teams provide specialized commercial advice both for …
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Executive Summary of EU GDPR: 10 Action Points for Compliance
The General Data Protection Regulation (GDPR) has been all over the news recently, and concerns all European Citizens whether based in Europe or not. As the GDPR day fast approaches this Friday, May 25th, all companies of all sizes will have to make sure they are ready for the new regulations. Personal data deserves …
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UPDATE: FTA Clarifies the VAT Treatment of Compensation Payments
The Federal Tax Authority (FTA) has recently published a clarification on VAT treatment of compensation type payments. Our Associate, Sarra Alsamarrai summarized the examples of situations where the compensation payments may or may not give rise to a "supply" for a taxable purpose.