by PREMA Team | Dec 22, 2023 | AML
Key points: The latest updates to the business ownership norms include:
New rules help identify companies’ real owners and prevent hiding ownership through complex structures.
Five steps are outlined to determine the actual beneficiary owner of a company.
Nominee...
by PREMA Team | Dec 19, 2023 | Uncategorized
The Ministry of Economy has detailed provisions of its new e-commerce law that came into effect in September and is aimed at boosting the investment attractiveness of the Emirates and enhancing its economic competitiveness. The legislation replaces the preceding law...
by PREMA Team | Dec 15, 2023 | Business
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has issued a new law establishing the Dubai Investment Fund as an independent public entity operating on a commercial basis. The law also endows the...
by PREMA Team | Dec 15, 2023 | Business
While billion-dollar clean energy deals and ambitious climate funds took centre stage at the Cop28 climate conference in the UAE, several regional and global companies also took the opportunity to announce initiatives aimed at boosting sustainability and lowering...
by PREMA Team | Dec 14, 2023 | AML
Dubai: Weak compliance has led to the license of Cogent Insurance Broker being revoked by the UAE Central Bank. The latter had earlier conducted an assessment of the company’s operations, which found that apart from having a ‘weak’ compliance...
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