Blogs

The UAE Ministry of Finance (MoF) on 31st January 2022, announced the introduction of the Federal Corporate Tax (CT) on […]

The Legal Person must update and record any change to the Register within (15) fifteen days of becoming aware of […]

Penalty for violating real beneficiary procedures – Written warning followed by a fine of AED 100,000, in the event of […]

New UAE Cabinet Decision No. 58 of 2020 on Regulating the Beneficial Owners Procedures is applicable for all companies registered in […]

A company under liquidation should notify the Regulatory Authority about its Ultimate Beneficial Owner (UBO). The real beneficiary or ultimate […]

The companies listed on stock exchange or companies that are owned by listed companies should rely on the disclosures they […]

A person or party that owns or controls more than 25% of a company’s shares and/or voting rights. It is […]

  UAE companies were in a rush to submit the details of the Real Beneficiary (UBO) to the Licensing authorities […]

Natural persons, Sole proprietorships, Trusts and Foundations are not covered under the definition of a Licensee for Economic Substance. For […]

A Licensee is not required to demonstrate economic substance in the absence of income from relevant activities File your Notification […]