• Blog
    10 Jun

    DISCOUNT UP TO 70% ON PENALTIES FOR TAX LAWS.

    UAE: AMENDMENT OF ADMINISTRATIVE PENALTIES IMPOSED FOR VIOLATION OF TAX LAWS AND REDUCTION OF PREVIOUSLY IMPOSED PENALTIES IN BRIEF On 28 April 2021, the UAE Cabinet of Ministers issued Resolution No. 49/2021 to amend the provisions of Cabinet Resolution No. 40/2017 relating to administrative penalties imposed for violation of Tax Laws in the UAE. The new resolution grants the UAE Federal Tax Authority (“FTA”) the right to reduce previously unpaid administrative

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  • Blog
    01 Apr

    ONLY APPROVED AUDITORS CAN AUDIT DMCC COMPANIES.

    As per DMCC regulations every Company must appoint an auditor who must examine and report on the financial accounts of that Company. The directors of a Company must prepare and approve financial accounts and arrange for these to be audited by an auditor approved by DMCC and approved by the shareholders after the end of the financial year of the Company as per the due date of the concerned authority. A Company can only appoint an auditor, if the auditor has been approved and

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  • Blog
    20 Mar

    UAE CABINET DECISION NO. 58 OF 2020 REGULATIONS OF UBO

    The United Arab Emirates issued Cabinet Resolution No. 58 of 2020 on the Regulation of the Procedures of the Real Beneficiary.   Applicability   The resolution applies to all companies in the UAE, except companies incorporated in the financial free zones like ADGM and DIFC and companies owned by the Federal Government and their subsidiaries.   What companies must do   Companies need to maintain at their office

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