In light of recent developments being reported across the region, we would like to briefly confirm that Dubai and the United Arab Emirates remain fully operational, with business activities continuing as normal. All UAE courts,…
The Department of Economy and Tourism (DET), Dubai, has recently introduced an update to the procedural requirements relating to the incorporation of new companies or subsidiaries in the Dubai mainland jurisdiction. The update affects foreign…
From April 2025, the United Kingdom will eliminate its long-standing non-domiciled tax regime. The new rules will introduce a residence-based system, taxing global income and gains after a four-year transition period. For many international shipowners,…
The United Arab Emirates (UAE) has established a unified regulatory body for the insurance and banking sectors, known as the Ombudsman Unit for the United Arab Emirates “Sanadak” (operating under the UAE Central Bank) Sanadak commenced…
In addition to the 31 Conventions of the International Maritime Organization (“IMO”) ratified by the United Arab Emirates (“UAE”), the country is on the cusp of achieving another milestone in its endeavor to make significant…
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…
The Federal Tax Authority (FTA) in a recent decision, FTA Decision No. 3 of 2024 on the Registration Timeline for Corporate Tax has provided the deadlines for registration of Corporate Tax (CT). The deadlines are…
In the realm of global finance, the United Arab Emirates (UAE) has long stood as a beacon of opportunity, drawing investors and businesses from around the world. Another sound reason to enhance this undeniable truth…
In June 2023, Ministerial Decision No. 296/2023 on the Standards of Imposition of Administrative Fines According to Cabinet Decision No. 95/2022 on the Offences and Administrative Fines Related to the Initiatives and Programmes of the…
