Market Intelligence

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...

The introduction of Corporate Tax (“CT”) in the United Arab Emirates (“UAE”) has brought about a fundamental shift in the way businesses approach accounting and financial reporting.

During our current visit to Dubai and Abu Dhabi, we note it's an important opportunity to meet with clients, partners, friends and associates across the region.

The UAE has introduced Federal Decree-Law No. 41/2023 to regulate the accounting and auditing profession, replacing Federal Law No. 12/2014. This new law aims to improve corporate governance standards and Anti-Money Laundering (AML) compliance.

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:

The client had resources who were adept with the basic knowledge on the accounting standards; however they were not updated with the latest amendments and issues that were introduced in the revised standards.