The incorporation of Special Purpose Vehicles (“SPVs”) has gained importance in the financial hub of the UAE, specifically within the Abu Dhabi Global Market (“ADGM”) and the Dubai International Financial Centre (“DIFC”). Recent regulatory changes…
Over the past years, UAE’s resolve to be a leader in the virtual assets space has continued to strengthen. The latest development is the enactment of the Payment Token Services Regulation (the Regulations) issued by…
A recent overhaul of the regulations concerning the determination of an Ultimate Beneficial Owner (UBO) has brought about considerable changes in the UBO determination and filing for entities in the UAE. The most significant is…
