Publications

In February 2023 the Dubai Virtual Asset Regulatory Authority (VARA) has released a long-waited set of regulations which outlined a framework for crypto business to exist and operate in the UAE. The said regulations will apply to entities and activities within the emirate of Dubai.

In our previous article, we mentioned that the Ministry of Finance announced a 9% federal corporate tax (CT) on a company’s profit. CT will come into force from 1st June 2023. In this article, we would like to elaborate on the mechanism of a Corporate Tax more thoroughly. 

For the past decade, Dubai transformed into an international hub for entrepreneurs. As investors arrive to start new businesses, they immerse themselves in local policies and details about mandatory procedures that need to be implemented before launching their business.

In April 2020, the Financial Action Task Force (FATF) - a global anti-money laundering and anti-terrorism financing committee (AML/CTF), performed an assessment of the UAE’s AML/CTF regulations.