Since December 2024, the UAE has run a digital VAT refund system that lets tourists reclaim VAT on purchases made through registered e-commerce platforms, not only on goods bought in person from a physical store. The system is operated by Planet, the Federal Tax Authority’s authorized refund operator, and the mechanics, minimum purchase amount, refund … Read more
What Voluntary Liquidation Is Voluntary liquidation is the process by which a company’s shareholders or members decide to wind up the company and cease its operations, without a court order compelling them to do so. Unlike compulsory liquidation, which is initiated by a creditor or regulatory authority through the courts, voluntary liquidation is a decision … Read more
The financial and legal professions in the UAE play a pivotal role in combating money laundering (ML) and terrorism financing (TF). Accountants, lawyers, and other Designated Non-Financial Businesses and Professions (DNFBPs) are bound by strict Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) frameworks under UAE law to mitigate financial crime risk. Also check: AML Compliance … Read more
Why Does Cryptocurrency Present Distinct AML Challenges in the UAE? As the UAE has positioned itself as a global hub for financial technology and virtual assets, the rapid growth of the cryptocurrency sector has brought a distinct set of anti-money laundering and counter-terrorism financing challenges alongside it. Virtual assets combine features that make them attractive … Read more
Naming a company is one of the more consequential decisions a founder makes, the name defines the business for as long as it runs, and it also determines how easily that name can actually be protected as a trademark. Trademark names generally fall into five categories, ranging from names that offer virtually no legal protection … Read more
Starting a business requires a lot of planning but more planning is required before setting your mind on starting a new business in UAE. With so many opportunities and facilities, there come so many other responsibilities as well. When you start a business, there are so many other things that you need to consider to … Read more
Hold On!
For audit, accounting, tax, or VAT, our team is here to help.
Need Expert Advice on: