Filing a VAT Return in UAE is a mandatory obligation for VAT-registered businesses. The accuracy of your VAT return depends heavily on maintaining proper financial records and supporting documents. Incomplete documentation can result in errors, penalties, delayed submissions, and compliance issues with the Federal Tax Authority (FTA). Whether you are a startup, SME, trading company, […]
The Ultimate Beneficial Owner (UBO) Registration UAE requirements are an essential part of the country’s commitment to transparency, Anti-Money Laundering (AML), and Counter-Terrorism Financing (CTF). Every eligible business operating in the UAE must identify and maintain records of its Ultimate Beneficial Owner in accordance with Cabinet Decision No. 58 of 2020. Whether you operate a […]
UAE Cabinet of Ministers issued a new Resolution #58 dated 28th August 2020 to regulate the procedure of a Real Beneficiary for a Corporate Entity. The objective of the Resolution is to set a procedure for Reporting and Registration of the Ultimate Beneficiaries Owners (UBOs), Beneficial Interest, and shadow directors in the UAE companies, including […]
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