by PREMA Team | Feb 26, 2025 | AML
ABU DHABI: The Securities and Commodities Authority (SCA) has taken stringent measures against several companies for violating regulations and non-compliance with anti-money laundering and counter-terrorism financing (AML/CFT) rules. The SCA announced a series of...
by PREMA Team | Feb 25, 2025 | Business
The UAE’s artificial intelligence (AI) market is set to grow from a value of $3.47bn last year to staggering $46.33bn by 2032, according to Bas Kooijman, CEO and Asset Manager of DHF Capital. The UAE Strategy for Artificial Intelligence, government-led...
by PREMA Team | Feb 21, 2025 | Business
This visit visa for exploring business opportunities grants the holder permission to travel to the country for either a single visit or multiple visits, based on the approved requirements and eligible professions. The total stay must not exceed 180 days. The Authority...
by PREMA Team | Feb 20, 2025 | PREMA Insights
The FTA has mandated that all natural persons conducting taxable business activities must register for Corporate Tax by March 31, 2025. Failure to comply will result in an administrative penalty of AED 10,000. Source:...
by PREMA Team | Feb 20, 2025 | Corporate Tax, Other Tax, VAT
The UAE is clamping down on counterfeit cigarettes and soft drinks as it boosts tax compliance with massive increase in field inspections. In efforts that support the protection of consumer rights, the Federal Tax Authority (FTA), in cooperation with the relevant...
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