UAE has made shopping quite easy and exciting for tourists! Now, the UAE has initiated the world’s first VAT refund system for e-commerce shopping for tourists. With the help of this system, visitors can easily get VAT refunds on their online shopping. This system has been designed by the Federal Tax Authority, FTA, so that … 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 departments in the UAE play a pivotal role in combating money laundering (ML) and terrorism financing (TF). Accountants and other legal advisors, among other professionals, are, through UAE laws, bound by strict Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) frameworks to mitigate financial crime risks. Also read: UAE AML/CTF Compliance This … Read more
While the UAE is taking a step towards being a global financial technology hub, its rapid emergence of cryptocurrency brings with it new challenges, primarily in terms of anti-money laundering (AML) and other related financial crimes. As such, several initiatives have been taken by the UAE government to include Anti-Money Laundering provisions within the cryptocurrency … 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
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