January 2023 – Ahmad Alagbari Chartered Accountant

16 Jan 23

Ultimate Beneficial Owner UAE FAQs

What is an Ultimate Beneficial Owner? The natural person who ultimately owns or controls the Legal Person, whether directly or through a chain of ownership or control or any-other indirect means, and also the natural person on whose behalf the transactions are being conducted or who exercises ultimate control over…

13 Jan 23

Anti-Money Laundering FAQs

What is Money Laundering? Money laundering is defined as any financial or banking transaction aimed at concealing or changing the source of illegally obtained funds, by passing it through the financial and banking system in order to make it appear as originating from legitimate sources, and then re-pumping and investing…

10 Jan 23

New Dubai Customs duty charges 5% will now apply on Import of Goods exceeding AED 300 -effective date 01 Jan 2023

Dubai Customs Notice No. 5 of 2022 (Notice) issued in June 2022, have come into effect from January 1, 2023 Following notice from Dubai Customs – Notice No. 5 of 2022 – items with a value above AED 300 are now subject to customs clearance and customs duties. All goods…

Month: January 2023

Ultimate Beneficial Owner UAE FAQs

Anti-Money Laundering FAQs

New Dubai Customs duty charges 5% will now apply on Import of Goods exceeding AED 300 -effective date 01 Jan 2023

Dubai’s New Rulebook: How Free Zone Businesses Can Officially Step into the Mainland.

UAE-Ministry of Finance issues decision on transfer pricing documentation requirements for corporate tax purposes

UAE-Ministry of Finance issues Ministerial Decision on Exempt Persons for Corporate Tax Purposes

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