26 November 2024

[vc_row][vc_column][vc_column_text]Importation of goods from outside the UAE into the UAE mainland is subject to VAT. The treatment of the same is however different depending on whether the importer is registered or not registered. When a VAT-registered person imports goods, he may, account for the VAT in the tax return (“VAT return”), rather than paying actually […]

[vc_row][vc_column][vc_column_text] The United Arab Emirates (UAE) has a robust legal framework to prevent money laundering and terrorist financing. As the financial hub of the Middle East, the UAE has implemented strict Anti-Money Laundering (AML) and Know Your Customer (KYC) laws and regulations to ensure that its financial system is secure and transparent. KYC procedures are

[vc_row][vc_column][vc_column_text] A sole establishment is a legal form of business which is 100% owned by a natural person. It does not have an identity independent to its owner and will be considered to be the same person as its owner. A natural person can obtain separate sole establishment license for different line of businesses owned

[vc_row][vc_column][vc_column_text]The implementation of new VAT laws in Dubai in 2023 is expected to be a significant milestone, following the successful completion of a five-year period of VAT implementation in the city. These laws have been developed based on the challenges and experiences of the business community in Dubai, and are intended to provide a clearer