Requirements for Freelance Visas in UAE
Requirements for Freelance Visas in United Arab Emirates Residents moving to Dubai will find that when it comes to working
The United Arab Emirates Cabinet has issued a Cabinet Resolution no (58) of 2020 in relation to Ultimate beneficial Ownership on 28 August 2020. This resolution is applicable to all entities that are registered in the UAE mainland and free zones
The UBO is the one who ultimately owns or controls a company and/or on who conducts the transaction or on whose behalf a transaction is being conducted. Declaring a company’s ultimate beneficiary is “one of the main requirements for completing disclosure and transparency requirements from enterprises and individuals within the anti-money laundering system in the country”, said Safeya Al Safi, director of the ministry’s anti-money laundering department.
The MoE has urged the compliance of UAE establishments with UBO DATA SUBMISSION.
Source: Khaleej Times
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Requirements for Freelance Visas in United Arab Emirates Residents moving to Dubai will find that when it comes to working
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