Mandatory Suffix Update for Existing DMCC Member Companies
In January 2025, DMCC introduced an important administrative update: all newly registered companies must now adopt the suffix “FZCO” (or “FZ Branch” for branch establishments) instead of “DMCC.” While this requirement applies immediately to new companies, it also has implications for existing DMCC members. Here’s what you need to know: Key Details for Existing DMCC […]
ADGM Financial License Guide | Setup & Benefits in the UAE
Looking to launch or expand or build your financial business in the UAE? Abu Dhabi Global Market (ADGM) offers everything you need – from a reliable legal system based on English common law to strong regulatory standards and full access to international markets. Whether you have a fintech startup, launching a digital asset platform, managing […]
IFZA Makes Audit Submission Mandatory for License Renewals Starting 30th September 2025
In a significant regulatory update, the International Free Zone Authority (IFZA) has announced a mandatory requirement for all its licensees to submit audited financial statements as part of the trade license renewal process. This new policy will come into effect from 30th September 2025 and applies to both FZCO entities and Branches operating under IFZA […]
Key Clarifications on UAE VAT Executive Regulation Amendments 2025
Amendments to the UAE VAT Executive Regulations were published in the Official Gazette and to provide further precision, the FTA published further amendments on 14 March 2025.
Extension for UAE Corporate Tax Return Filing and Payment Deadlines
On 25 September 2024, the Federal Tax Authority (FTA) issued Decision No. 7 of 2024, extending the UAE Corporate Tax return filing and payment deadline for certain entities. Originally due by 30 September 2024, the new deadline has been extended to 31 December 2024 for tax periods ending on or before 29 February 2024.
The Federal Tax Authority in UAE announces new corporate tax registration deadlines and fines of AED 10,000 for non-compliance
The Federal Tax Authority (FTA) in the UAE issued Decision No. 3 of 2024, effective from March 1, 2024, detailing timelines for corporate tax registration. The decision outlines deadlines based on factors like license issuance dates and incorporation dates. It also refers to Cabinet Decision No. 10 of 2024, which imposes a penalty of AED 10,000 for late submission of corporate tax registration applications.
UAE Federal Tax Authority Mandatory Registration amendments – 20 business days deadline
We would like to inform you that if your UAE based Company is registered for VAT and any circumstances occur that will impact your Tax records kept by the FTA, as provided during your registration, you must inform the FTA by updating your records within 20 business days from the occurrence of such circumstances.
Unlocking Business Potential & Purpose: UAE’s Attractive Landscape for Foreign Investors
Author and Harvard Business School professor Ranjay Gulati observed that numerous companies liked to discuss the idea of purpose, but only a handful actually demonstrated it through their actions. Among the small group of successful companies that genuinely lived their purpose, Gulati noted that it went beyond a mere statement; rather, it became an intrinsic aspect of their identity, shaping every decision and action they took.
UAE Corporate Tax – Support for start-ups and small or micro businesses
Ministerial Decision No. 73 of 2023 on Small Business Relief has been issued by the Ministry of Finance (MoF) in accordance with Article 21 of the Corporate Tax Law (Federal Decree-Law No. 47 of 2022). The relief is exclusively accessible to UAE resident individuals or juridical persons who meet the specified threshold criteria.
Corporate Tax Law in United Arab Emirates
Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses was released by the Ministry of Finance (MoF) of the United Arab Emirates (UAE) on 9 December 2022, to establish a new corporate tax system in the UAE. The new corporate tax system will come into effect for financial periods commencing on or after 1 June 2023.