Everything About UAE’s Law Framework to Combat Money Laundering and Terrorism Financing

Combat Money Laundering

The United Arab Emirates (UAE) has been making significant progress in fortifying its financial security and integrity by combating money laundering and terrorism financing. These efforts align with global initiatives and underscore the UAE’s commitment to being a secure and dependable place for international business and finance. The Role of the UNSC and UAE in Implementing […]

DO YOU NEED A FORENSIC OR INTERNAL AUDITOR? KNOW MORE, KNOW BETTER!

forensic audit

An audit, in its most simple definition, is an inspection. An evolved definition of the function is a systematic inspection of financial operations. Every business requires audits to run its systems consistently. But it’s not a one–size–fit–situation. Depending on the size, structure, and objective, the business must conduct various audits. Understanding the nuances between different […]

Designated Non-Financial Businesses and Professions DNFBPs and The critical need for AML services

dnfbps

What are DNFBPs? Designated Non-Financial Businesses and Professions (DNFBPs) are not primarily financial entities, but they are notoriously vulnerable to money laundering and terrorist financing risks. This vulnerability enhances the urgency for DNFBPs to engage with specialised Anti-Money Laundering (AML) services for their protection. DNFBPs are businesses and professions that are subject to regulation due to […]

Benefits of Forensic Auditing for UAE Companies

forensic audit

Forensic auditing is a specialised field of accounting that investigates potential financial discrepancies. While primarily associated with detecting financial manipulation, it should also be used to assess compliance with financial regulations, solve disputes regarding financial matters, and prevent fraud by identifying vulnerabilities in financial systems before issues arise. Thus, it extends beyond revealing fraud to […]

Closing Up Shop? A Guide to Creditors’ Voluntary Winding up in the UAE

creditors voluntary winding up

The decision to close a business in the UAE has to be intentional. Properly managing the expectations of creditors and shareholders through transparent communications is crucial for maintaining trust during the Winding down process. Among the few options, Creditors’ Voluntary winding up offers a legal and transparent way to wind down your operations. In this […]

How to set up the branch of a foreign company in Dubai. The A-Z

branch of a foreign company in dubai

When it comes to business, Dubai is the Godfather. The Hub has it all: Global Connectivity, favourable Tax Policies, a Supportive Business Ecosystem, and Robust Infrastructure. As a company, it is only natural to think of Dubai as one of the regions in which to do your business. Setting up your business as a branch […]

Everything you need to know about ESMA Certification in the UAE

ESMA UAE

Certifications are critical for businesses. They are not just frames that decorate the company’s walls but the ultimate test of quality and compliance. Among the most sought-after certifications is ESMA – Emirates Authority for Standardization & Metrology. For businesses in the United Arab Emirates (UAE), compliance with the Emirates Authority for Standardization & Metrology (ESMA) […]

Professional licence in Dubai: What does your business need?

Professional licence in Dubai

Trade can only be legal in the UAE with relevant registration and the appropriate commercial or professional licence in Dubai. The procedure of registration and licence helps the UAE law govern every single trade conducted within its jurisdiction. So, to have a seamless business, work or an alternate profession, obtaining an apt licence from the […]

For Company Formation in Dubai, Every Entrepreneur Should Know This!

company formation in Dubai

Dubai is an entrepreneur’s dreamland. Its luxurious lifestyle, towering skyscrapers, and robust business environment make it an apt ecosystem for any company to thrive.  Before knowing the process of company formation in Dubai, it’s crucial to understand the business ecosystem of the heart of the Emirates.  Why Dubai?  The advantages of company formation in Dubai are vast. […]

How to outsource payroll & get quality help with employee wages

How to outsource payroll

Payroll is one of the most complex and fundamental functions of a Business. If not done meticulously, it will cost the company penalties and money and come at the cost of employees’ mistrust. One of the most efficient ways to handle this large and complex function is to outsource the payroll. How do we outsource […]