Latest News & Press Releases

137 businesses in the UAE are fined Dh65.9 million for violating anti-money laundering regulations – Khaleej Times

 In a significant move to enforce anti-money laundering regulations, the Ministry of Economy in the United Arab Emirates (UAE) has imposed fines amounting to Dh65.9 million on 137 companies. This action was taken in the first quarter of 2023, following an inspection of 840 companies operating in the UAE’s designated non-financial business or professions (DNFBP)

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New-Family-Arrangements-Regulations

The DIFC Declares the Adoption of New Family Arrangements Regulations- #2023 Update

Breaking News  Dubai International Financial Centre (DIFC), the MEASA (Middle East, Africa and South Asia) region’s foremost global financial centre has recently passed the DIFC Family Arrangements Regulations. With this comes the announcement of the opening of its first Global Family Business and Private Wealth Centre, following a 30-day public consultation term. In addition to

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corporate-tax-in-uae

Awaited UAE Corporate Tax Law has finally been issued as Federal Decree Law No. 47 of 2022.

The UAE has issued Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (the “Corporate Tax Law”). This means businesses will be subject to UAE Corporate Tax (“Corporate Tax”) from the beginning of their first financial year which starts on or after June 1, 2023.  While we will be coming up

Awaited UAE Corporate Tax Law has finally been issued as Federal Decree Law No. 47 of 2022. Read More »

Guide-to-Co-occupants-Registration-in-Dubai

A Step-by-Step Guide to Co-occupants Registration in Dubai

Going forward, individuals putting up in the properties leased out or bought by the expatriate residents in Dubai must be registered too, says the new tenant rule! All the existing property owners, developers, management companies and tenants must complete the registration process within two weeks from the day of announcement i.e., 24 Sep 2022 (Friday),

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Binance-Acquires-MVP-Licence-in-Dubai

Binance Acquires MVP Licence in Dubai from VARA

Keen to offer a wider string of services related to virtual assets including crypto derivatives products, custodial and trading services to fitly qualified retail and institutional investors in Dubai, Binance, the leading global blockchain services provider, has been granted Minimal Viable Product (MVP) licence by the Virtual Assets Regulatory Authority (VARA). The first licence was

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Visa-Rules-for-Residents-Tourists

UAE Relaxes the Visa Rules for Residents & Tourists: Highlights

Glad tidings! World-renowned for expat-friendliness, the United Arab Emirates is to ease the visa rules for resident expats from the month of September this year while implementing new visa types for foreigners. Now you have more options and reasons to visit or migrate to your favourite emirate! Let’s quickly have a look at those remarkable

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uae-saudi-double-tax-avoidance-agreement

UAE-SAUDI DOUBLE TAX AVOIDANCE AGREEMENT WILL BOOST THE TRADE & INVESTMENT BETWEEN BOTH COUNTRIES

The Avoidance of Double Taxation Agreement between the UAE and Saudi Arabia, which is expected to facilitate the two-way investment flow, boost bilateral trade and further bolster economic ties, has come into effect at the beginning of April after nearly a year the landmark pact was signed. The two countries signed the double income tax

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