UAE’s New VAT Exemptions for Crypto & Investment Funds
The UAE continues to innovate within the financial sector, recently announcing VAT exemptions that promise to benefit both cryptocurrency investors and investment fund managers. Set to begin on November 15, 2024, these exemptions eliminate VAT on specific services related to virtual assets and fund management. Importantly, they apply retroactively to January 1, 2018, showcasing the […]
Is AML Training Essential for Protecting Your Business in the UAE?
Money laundering is the illegal process of disguising the origins of money obtained from illicit activities such as drug trafficking, terrorist funding, fraud, or embezzlement. Criminals launder money to make these profits appear legitimate, allowing them to use the funds without raising suspicion. This process erodes the integrity of financial institutions and destabilizes economies. With […]
Why Trademark Registration in the UAE for Brand Protection?
Trademark registration is key to success in today’s competitive business world. A well-designed trademark forms the foundation of this identity by protecting your brand’s unique name, logo, or slogan. In the UAE, where global businesses come together, registering a trademark is vital for securing your intellectual property and gaining a competitive edge. This guide explores […]
Impact of VAT on Free Zones in the UAE – Infographic
Following the implementation of VAT, there has been a lot of talk about free zones and designated zones. The Ministry of Finance has clarified certain details regarding these zones and has announced twenty designated zones in the country. Business owners are often confused about the difference between free zones and designated zones. Wouldn’t it be much easier to have a single source […]
UAE Crypto VAT Exemption: What Businesses Need to Know
UAE Crypto VAT Exemption: What Businesses Need to Know In a landmark move, the United Arab Emirates (UAE) has announced a VAT exemption for cryptocurrency transactions, effective from November 15, 2024. This development by the Federal Tax Authority (FTA) aims to clarify the regulatory status of digital assets, treating them similarly to traditional financial services. […]
DMCC Audit Deadline 2024 Extended to September 30, 2024
DMCC Audit Deadline 2024 Extended to September 30, 2024 . The Dubai Multi Commodities Centre (DMCC), renowned as the leading Free Zone and Government Authority in Dubai for commodities trade and enterprise, has extended the audit submission deadline for 2024. Initially scheduled for June 30, 2024, the new deadline has now been moved to September […]
UAE Corporate Tax Return Deadline Extended to 31st December 2024
UAE Corporate Tax Return Deadline Extended to 31st December 2024 . On 26 September 2024, the Federal Tax Authority (FTA) released decision no.7 of 2024 stating the Postponement of the Deadline to File a Corporate Tax Return and Settle the Corporate Tax Payable for Certain Tax Periods for the Purposes of Federal Decree-Law No. 47 […]
Dubai to Reduce Work Hours and Suspend Friday Operations for Select Government Entities
Dubai is renowned for its innovative approach to enhancing the quality of life for its residents and workers. In a bid to further improve work-life balance and workplace flexibility, the Dubai Government Human Resources Department (DGHR) has launched a pilot initiative titled ‘Our Flexible Summer.’ This groundbreaking initiative aims to reduce the working hours of […]
How to Apply for a Metaverse Service License in Dubai?
The Metaverse Service License in Dubai is currently one of the most anticipated business license categories. With advancements in virtual reality, artificial intelligence, and other software technologies, the Metaverse has become a reality. An increasing number of companies are actively involved in developing Metaverse applications, choosing Dubai as their headquarters. The demand for Metaverse Service […]
Corporate Tax Registration Deadlines in the UAE
Corporate Tax Registration Deadlines in the UAE: Stay Compliant with FTA Regulations Introduction Corporate tax compliance is a critical requirement for businesses operating in the UAE. Following the issuance of Decision No. 3 of 2024 by the Federal Tax Authority (FTA), entities must adhere to structured registration deadlines for corporate tax. This article provides a […]
