Anti Money laundering (AML)
Money Laundering is the illegal process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source.
MOE to impose fines on UBO violators
The UBO is the person who, directly or indirectly, owns and controls a company. In other words, an individual should be considered as a UBO, if they hold at least 25% shares or voting rights.
VAT Assessment Audit by FTA
VAT has become an integral part of business in the UAE. The UAE’s Federal Tax Authority (FTA), for its part, has taken proactive measures to clarify existing regulations and introduce new VAT guides and clarifications in the past three years.
VAT Refund Building New Residences
If you are a UAE Local National building a new residence in the UAE, you are likely to incur VAT on your Building construction costs.
Ultimate Beneficial Owner – UBO
Here, we are presenting you with the process involved in filing information pertaining to the Ultimate Beneficial Owner (UBO) in United Arab Emirates (UAE):