VAT Deregistration in the UAE | Mandatory, Voluntary & Penalties Explained
In the United Arab Emirates (UAE), businesses are required to stay compliant with the Federal Tax Authority (FTA) regulations under the Value Added Tax (VAT) framework. While VAT registration marks the beginning of your tax obligations, VAT deregistration is an equally important step when your business undergoes structural changes, reduces taxable activities, or ceases operations […]
Elevating Compliance: A Deep Dive into the UAE’s Revised AML/CFT/CPF Guidelines for DNFBPs
The global fight against financial crime requires constant vigilance, and the UAE has taken a decisive step to strengthen its defenses. The Ministry of Economy and Tourism (MoET) has issued comprehensive Anti-Money Laundering (AML), Countering Financing of Terrorism (CFT), and Countering Proliferation Financing (CPF) Guidelines to assist Designated Non-Financial Businesses and Professions (DNFBPs) in upholding […]
UAE Introduces New Sugar Tax Policy on Beverages | Effective January 2026
Introduction The UAE has announced a major update to its excise tax policy on sweetened beverages, set to take effect on January 1, 2026. Instead of taxing drinks based on product categories, the new system will adopt a tiered volumetric model based on sugar content. This landmark policy aligns with the GCC’s regional strategy to […]
US 25% Outsourcing Tax: Why Firms Are Moving to UAE Free Zones
Introduction The outsourcing landscape is changing fast. With the proposed HIRE Act and related U.S. bills, companies that outsource jobs overseas may soon face a 25% tax on foreign payments. Add to this the potential removal of certain exemptions such as those for foreign students and remote workers and the cost of outsourcing could rise […]
UAE Designated Free Zones: Unlocking VAT Benefits & Opportunities in 2025
In today’s business climate, especially in the UAE, every advantage counts. One strategic area many companies overlook is how Designated Free Zones under the UAE VAT law can offer significant cost savings as long as you know exactly how they work. In this post, you’ll gain a crystal-clear understanding of what Designated Zones are, why […]
Company Liquidation in UAE – A Complete Guide
Introduction Closing a business is not just about stopping operations; it requires a proper legal process to ensure compliance with UAE laws. The company liquidation process in UAE is designed to formally cancel a company’s trade license, settle its debts, and distribute any remaining assets among shareholders. Whether you are planning company liquidation in Dubai, […]
Company Liquidation & De-registration process in the UAE Complete Guide
1. Why Proper Liquidation Matters Closing a company in the UAE is not just about stopping operations or letting a license expire. A business must be legally liquidated or deregistered to avoid fines, blacklisting, and future restrictions. Proper liquidation ensures that liabilities are cleared, employee dues are settled, and the trade license is officially canceled. […]
UAE National AML/CFT/CPF Strategy (2024–2027) – Overview
On 2 September 2024, the UAE Cabinet approved the country’s new National Strategy for Anti-Money Laundering, Combating the Financing of Terrorism, and Countering the Financing of Proliferation (AML/CFT/CPF) for 2024–2027. The strategy is based on the World Bank Group’s National Risk Assessment methodology and is overseen by the Supreme Committee for AML/CFT, chaired by the […]
Why Management Reports Are Essential for Business Growth
Introduction In today’s competitive business environment, making decisions based on guesswork is risky. Companies that rely on accurate data and timely insights are more likely to grow, attract investors, and maintain compliance. This is where management reports play a crucial role. What Are Management Reports? Management reports are structured financial and operational summaries prepared regularly […]
The Importance of Backlog Accounting for Business Success
Introduction Many businesses, especially small and growing companies, often delay updating their financial records due to limited resources or lack of time. However, ignoring accounting tasks can create serious compliance risks and financial uncertainty. This is where backlog accounting becomes a vital service. What is Backlog Accounting? Backlog accounting involves updating and organizing past financial […]