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VAT in the UAE

Publications 27 September 2021 Marsel Shadmanov

The UAE is considered one of the most attractive environments for running a business, which did not require payment of TAX till 2018. Despite that the amount is still less than in most of the other countries, in this article, we would like to outline when TAX registration is required, in which cases it is not necessary, and how it affects daily operations.

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DMCCA Company Regulations 2020

Publications 11 September 2021 Marsel Shadmanov

In 2020, the Dubai Multi Commodities Centre Authorities (DMCCA) introduced new DMCCA Company Regulations (New Regulations), which came into effect on January 2, 2020. The New Regulations substitutes DMCC Company Regulations No. (1/03), issued earlier in 2003 (Old Regulations).

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goAML system in the UAE

Publications 24 August 2021 Marsel Shadmanov

The legal practice implemented the term «Money Laundering» in 1982 while investigating the case in the USA, called «The USA against 4 255 625,39 dollars» when the income from drug dealing was transferred through the Capital Bank.

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Ultimate Business Owner Regulation in the UAE

Publications 10 August 2021 Marsel Shadmanov

Does the ultimate beneficial owner (UBO) appear to be an actual owner of a company? Which functions does UBO carry? Does UBO do anything illegal not knowing the fact and what are the obligations?

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Dubai Retirement Programme

Publications 28 September 2020 Krisandra Robles

On 02 September 2020, a retirement programme has been launched by Dubai for its resident expatriates and foreigners over the age of 55.

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