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Good to Know

Everything You Need to Know About Opening a Bank Account in the UAE for a New Company

Good to Know 9 January 2025

When starting a new business in the UAE, one of the key steps is interacting with financial institutions, setting up bank accounts, and enabling the ability to receive and make payments.
This is especially important if the country of origin or the type of business is considered higher risk.
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Navigating through 2024: Trends and Updates in the UAE Banking Sector

Good to Know 22 November 2024 Marsel Shadmanov

The UAE banking sector is undergoing a significant transformation, driven by the rise of digital banking. Offering unmatched convenience and accessibility, especially for expats, digital banking is now at the forefront of financial innovation. Banks are leveraging AI, blockchain, and other cutting-edge technologies to meet growing customer expectations.

However, with these advancements come challenges: the digital divide, lack of personal interaction, and reliance on technology require banks to strike a balance between innovation and customer needs.

Curious to learn more about how digital banking is reshaping the UAE’s financial landscape? Read the full article!

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How to Optimize Tax Liabilities through Corporate Restructuring in the UAE

Good to Know 29 October 2024 Marsel Shadmanov

With the recent introduction of corporate tax, companies are met with both new challenges and unique opportunities! A well-structured business—from choosing the right Free Zone to efficient asset management—can significantly ease tax burdens. Discover how strategic restructuring enhances tax efficiency and strengthens the foundation for sustainable growth.

Read more in our latest article!

 

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Scrutinizing AML and CFT Policies in the UAE: Ensuring Compliance and Enhancing Financial Integrity

Good to Know 8 October 2024 Marsel Shadmanov

 

The UAE continues to strengthen its measures to combat money laundering (AML) and counter-terrorism financing (CFT). New legislative initiatives require organizations to actively monitor and comply with stringent standards. In this article, we discuss key compliance requirements, the risks of non-compliance, and the latest technological solutions that help enhance financial transparency. Learn how to protect your business and meet international standards.

 

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Why choose a Mainland company over a Free Zone entity?

Good to Know 27 September 2024 Marsel Shadmanov

When setting up a business in the UAE, the choice between mainland and free zone often arises. Mainland companies in Dubai offer key advantages such as unlimited access to the local market, flexibility in office location, and a more flexible resident visa quota system. For businesses aiming for long-term growth and a strong presence in the UAE, a mainland setup is a strategic choice.

Read more in our new article.

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