The Brazil-UAE Double Tax Treaty (DTT) came into force on January 1, 2022. The Treaty holds substantial significance for companies and individuals involved in international business dealings spanning both nations. This article explains the Treaty’s key provisions and implications, highlighting its uniqueness, in comparison to other double taxation treaties (DTTs) signed by the UAE. Key … Read more
Liquidation of a company in Dubai is the termination of the company’s business and the settlement of all its rights and debts to determine its net funds to divide it among the partners. It is a series of operations after the dissolution of the joint-liability company, that is, ending the company’s commercial activities, and preceding … Read more
The Money Laundering Reporting Officer (MLRO) plays a crucial role in ensuring Anti-Money Laundering compliance within businesses. To fulfill this role, MLROs are required to submit semi-annual reports that are essential for assessing a company’s adherence to AML laws and regulations. In this article, we will explore the mandatory requirements and the key contents of … Read more
Excise Law UAE was introduced by the UAE Government under Federal Decree-Law No. 7 of 2017 to control the use of harmful products and increase public health awareness. The law is administered by the Federal Tax Authority (FTA) to ensure proper Excise tax(levy) compliance. Businesses that fail to follow the law can face financial penalties, … Read more
Arbitration is a law-regulated procedure wherein two or more parties enter an arbitrary agreement to resolve disputes. They know their rights and obligations through a neutral tribunal. There is an increasing demand for resolving disputes in the UAE. Since the UAE is a hub of global investors, there are bound to be disagreements regarding their … Read more
In the United Arab Emirates (UAE), the legal system relies on the expertise of professionals in various fields to provide expert witness testimony in court cases. In complex banking and financial litigation, a banking expert witness assists the court by providing specialized knowledge and opinions on banking practices, regulations, and industry standards. This article will … Read more
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