by PREMA Team | Mar 26, 2025 | AML
The Central Bank of the United Arab Emirates (CBUAE) has levied financial sanctions worth AED2,621,000 on five banks and two insurance companies for failing to comply with international reporting standards. The sanctions stem from the institutions’ non-adherence to...
by PREMA Team | Mar 25, 2025 | Business
The UAE has committed to a 10-year, $1.4 trillion investment framework in the US after top UAE officials met President Donald Trump this week, the White House said. The framework will “substantially increase the UAE’s existing investments in the US economy” in AI...
by PREMA Team | Mar 24, 2025 | Business
Dubai has climbed up rankings of the world’s most powerful financial centres in the world and has been ranked as a top five FinTech city in a global report. Dubai’s progress as one of the world’s leading global financial centres was recognised in the latest edition...
by PREMA Team | Mar 21, 2025 | PREMA Insights
Definition of a Related Party (UAE Corporate Tax Law – Article 35) Under UAE Corporate Tax Law, Related Parties include: Individuals related within the fourth degree (e.g., family, including adoption or guardianship). A natural person and a company if the person...
by PREMA Team | Mar 21, 2025 | Business
The UAE has introduced new invoicing rules for businesses as it looks to boost financial efficiency in the country. The Ministry of Finance has achieved a major milestone in the eInvoicing Programme, reinforcing the UAE’s commitment to comprehensive digital...
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