Find below the list of required information that is needed for the business and for each shareholder, in order to open a bank account in Dubai:

When it comes to mergers and acquisitions, due diligence is not just a legal obligation or a formal procedure. It is a crucial step that can make or break a deal...

Many Free Zone Companies incorporated in DMCC, DWC and JAFZA are leaving themselves exposed to potential fines and the non-renewal of their trading licence for failure to comply with one particular regulatory requirement.

The UAE's commitment to sharing financial data on individuals and entities under Common Reporting Standards (CSR) has been furthered reinforced by the Insurance Authority Board of Directors Decision No. 32 of 2017...

The Federal Tax Authority (FTA) has issued a comprehensive guide on "Determination of Taxable Income," which provides an overview of the adjustments required to be made to the accounting...

TMF UAE is now an accredited tax agent and can act as a tax representative for clients doing business in the Emirates.

On 14 December 2009, the Dubai Government announced, in response to the widely publicised concerns over Dubai World's debt position, the establishment of a bespoke insolvency regime which is exclusively applicable to Dubai World, its subsidiary organisations and individuals within those organisations.

The client's UAE company was set up in 2006 and were facing challenges with its finance processes. There were issues with respect to reconciliations, accounts receivables and payables, book-keeping, reporting, etc.

The UAE's Federal Decree-Law No. 32 of 2023 on Finance Lease (New Finance Lease Law), effective from 25 September 2023, replaces the 2018 Finance Lease Law. The defining criterion for a finance lease.

The Abu Dhabi Global Market (ADGM) Registration Authority has issued Final Notices imposing financial penalties on certain registered companies with them and their directors for failing to comply...

FTA issues Public Clarification on Concerned Services - Accounting for Output Tax, issuing Tax invoices, and Input Tax recovery.

On 14 December 2009, UAE’s stock market shot up in excess of 10% following the announcement of the due repayment of $ 4.1 billion to the Sukuk holders of Nakheel Development Limited following a $ 10 billion support payment from Abu Dhabi to the Government of Dubai.

The UAE Federal TaxAuthority (FTA) has recently issued Public Clarification CTP011¹, setting out its position on downward transfer pricing (TP) adjustments made by a Taxable Person in the Corporate Tax Return, along with the disclosure and documentation expected to support such adjustments.

The Ministry of Finance of the United Arab Emirates ("UAE") recently released a Frequently Asked Questions (the "FAQs") that provide clarifications...

In the UAE, the requirement for companies to undergo auditing is primarily influenced by their legal structure, size, and activity. While not all companies are required to be audited, there are specific regulations...

As the deadline 30.06.2016 for complying with the new regulations is approaching, we would like to inform you about specific impacts of the new United Arab Emirates' ("UAE") Commercial Companies Law on limited liability companies ("LLC").

TMF Group, in association with ACCA, looks at the big issues that are facing businesses planning to set up or expand in the United Arab Emirates.

In a remarkable development aimed at stimulating auditing standards and introducing greater confidence in business practices, the UAE has introduced the New Federal Decree-Law No. 41/2023 ...

The United Arab Emirates has an active history in relation to free zones, mostly concentrated in and around the Emirate of Dubai.