Compliance in the UAE: Companies must comply with Audit, Economic Substance Regulations, Ultimate Beneficiary Owner (UBO), VAT, AML, Country by Country Reporting (CbCR), and Wage Protection System (WPS), among other things.
A penalty of Dh500 is fixed for leaving parked vehicles with the engine on, reported an Emirates News Agency. The police have educated the public about the consequences of leaving their engines on, such as an increased chance of theft. The engine is left on mostly because they leave their infants in these vehicles. This...
The Department of Municipalities and Transport (DMT) and Bayanat (a G42 company) agreed to join hands in the test of private vehicles for transporting passengers in Abu Dhabi. This new mobility solution would add to the service quality provided to the residents and visitors and will help local development and infrastructure. Related Services: UAE Compliance...
UAE sanctioned a remote work visa which enables employees around the world to work in the country for one year and a 5-year multiple-entry tourist visa for all nationalities. Related Services: UAE Compliance Advisory The remote work visa was launched to attract experts from all over the world. The remote visa enables expats to reside...
The Ministry of Energy has launched the National Guide for Smart Construction during the Innovation Week Celebration. The guide contains key points that are beneficial for all parties to facilitate the construction process. The guide aims to bring forth basic driver of policies, variable elements, and targets that helps the development of the construction sector...
Cyber Crimes in UAE UAE has stringent laws and regulations relating to social media usage and related cyber crimes. Specifically, the Federal Law No 5 for 2012 deals with activities that violates the privacy of individuals, disseminating hate speech and inciting violence, spreading fake information, and threatening the security of State. It covers messages or...
Disputes concerning personal affairs such as alimony, custody of children, dowry, complaints on visiting by non-custodial parents etc. will now be settled in a single session. The issuance of this rule is under the ‘Regulatory Procedures Guide on Personal Affairs’. The new regulatory guide will cut time and effort and will help the stability of...
UAE based onshore and free zone business entities conducting “Relevant Activities” as per the current Economic Substance Regulations (ESR), can now file their Economic Substance Notifications and Economic Substance Report directly from the webpage of Ministry of Finance (MoF) at Economic Substance Regulations (mof.gov.ae) ESR filing are made effective from financial year commencing 1 January...
The UAE Cabinet has approved amendments to the Federal Law No. 18 of 1993, commonly known as Commercial Transactions Law. The approved Decree-Law shall come into force in the year 2022 and the provisions shall apply when the Decree-Law is published in the Official Gazette. The new provisions aim to discourage criminal proceedings against people...
