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UAE government has introduced regulations in the year 2015, which are essential for the smooth conduction of businesses. If you are a business owner in the UAE, you need to operate in compliance with the laws which were put in place to govern your business. These laws help ensure the protection ...
Suspension of tex settlement facility upon import Federal Tax Authority (FTA) has decided to suspend the reverse charge facility on imports for the taxpayers who owe amounts to FTA and which are overdue. ‎"Please note that there are amounts that are overdue by you in favor of the â...
UAE Cabinet of Ministers amended the ESR Law and guidance via Cabinet Resolution no 57 dated 10 August 2020 and Resolution no 100 of 2020 on 19 August 2020, respectively, collectively called Amended Regulation which repealed the Original Regulation. Required licensee must Resubmi...
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 Inter...
UAE Extended ESR Deadline to March 31st, 2021. Anti-Money Laundering Regulations in UAE Money laundering is a problem across the globe, among other countries that have taken steps to combat financial, organised, and terrorist crimes, the UAE maintains a strong Anti-Money Laundering (AML) ...
UAE UBO Background UAE has taken serious actions of AML and Anti Criminal Financing (ACF). FATF ranked ADGM and DIFC on top of such regulations; however, there was continuing intent to improve the regulations across all other authorities. Accordingly, as an action plan, the UAE govt has intro...