by Danissa Guotana | Jun 21, 2023 | Business, CFO
Dubai: As the UAE’s updated Commercial Agency Law comes into full effect, new businesses and their owners are making full use of the 100% ownership option that is now allowed across categories.. The benefits will cut through into multiple sectors – retail,...
by Danissa Guotana | Jun 20, 2023 | AML, Business
The UAE Central Bank has issued new guidance on anti-money laundering and combating the financing of terrorism (AML/CFT) for licensed financial institutions (LFIs) with a focus on the risks of dealing with virtual assets. It applies to LFIs such as banks,...
by Danissa Guotana | Jun 19, 2023 | Business
The investigation is focused on its anti-money laundering procedures. It follows the announcement of the company’s departure from the Netherlands after it failed to obtain a licence from the Dutch central bank. In a statement Binance confirmed French authorities...
by Danissa Guotana | Jun 15, 2023 | Business
The Central Bank of the UAE (CBUAE) will maintain the base rate applicable to the Overnight Deposit Facility (ODF) without change at 5.15%, effective from Thursday, 15 June 2023. This decision followed the US Federal Reserve Board’s announcement on Wednesday to keep...
by Danissa Guotana | Jun 14, 2023 | Business, Corporate Tax
Dubai: UAE businesses with considerable property assets on their books are getting a tax ‘break’ as the country moves into its Corporate Tax regime on June 1. The Ministry of Finance’s newly released ‘transitional rules’ apply across assets held by business, tangible...
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