By July 2026: UAE Businesses Must Be Ready for Mandatory E-Invoicing
By July 2026: UAE Businesses Must Be Ready for Mandatory E-Invoicing Table of Contents The UAE is taking a major step towards becoming a fully digital economy by introducing mandatory e-invoicing by July 2026. This is a significant milestone that will reshape how businesses handle billing, compliance, and financial processes. In this article, we explain […]
Carry Forward of Losses under UAE Corporate Tax
Carry Forward of Losses under UAE Corporate Tax Table of Contents With the introduction of UAE Corporate Tax at a standard rate of 9%, companies operating in the UAE are entering a new era of tax compliance and strategic financial planning. One of the most effective and often underutilized tools available is the ability to […]
How to Cancel a Trade License in Dubai in 5 Steps [Case Study]
How to Cancel a Trade License in Dubai in 5 Steps Closing a business in Dubai isn’t just about shutting the doors — it’s a legal process that must be handled with care. If you skip a step or delay your compliance, you may face: ❌ Government fines ❌ Visa and tax penalties ❌ Future […]
The Scope of Internal Audit
Table of Contents In today’s complex and rapidly evolving business environment, organizations face heightened scrutiny when it comes to managing risk, regulatory compliance, and operational efficiency. As such, internal audits have moved beyond traditional box-ticking exercises—they are now seen as essential tools for strategic assurance and performance improvement. At the heart of a successful internal […]
How Enhanced Due Diligence (EDD) for High-Risk Customers is Conducted?
Looking to strengthen your due diligence processes or need expert support for high-risk customer assessments? In the modern regulatory landscape, organizations are expected to adopt proactive measures to combat financial crime and prevent risk exposure. Enhanced Due Diligence (EDD) plays a critical role in this process, especially when dealing with high-risk customers who present increased […]
Understanding VAT Refunds for UAE Nationals Building New Residences
UAE Property Tax : Guide for 2025 VAT Update
Safeguarding Non-Profits: A Guide to Anti-Money Laundering and Counter-Terrorism Financing
Non-Profit Organizations (NPOs) are critical players in addressing global humanitarian, social, and environmental needs. Their ability to work across borders and support underserved communities is invaluable. However, this very openness can make them vulnerable to misuse by bad actors involved in money laundering and terrorist financing. Understanding these risks—and how to guard against them—is essential […]
What the Big FOUR Taught Us: How to Build Stronger Audit Integrity
When we think of the Big 4—PwC, EY, KPMG, and Deloitte—we often imagine polished firms that serve the largest corporations, safeguard financial transparency, and help markets run smoothly. But even giants stumble. Over the years, a series of financial scandals involving these firms have reminded us that audit integrity isn’t just about ticking boxes—it’s about […]
UAE Approves Corporate Tax Exemption for Qualified Investment Funds [2025]
In a landmark move to boost the UAE’s competitiveness as a global investment hub, the UAE Cabinet has issued Decision No. 34 of 2025, introducing preferential tax treatment for investors in Qualified Investment Funds (QIFs). This decision, announced by the UAE Ministry of Finance, reflects the country’s commitment to encouraging foreign and local investment by […]
AED 1.15 Million in Fines: A Wake-Up Call for High-Risk Industries in the UAE
In a significant move that underscores the UAE’s commitment to financial integrity, the Securities and Commodities Authority (SCA) has levied AED 1.15 million in administrative fines against several companies for breaches of anti-money laundering (AML) and counter-terrorism financing (CFT) regulations. Breakdown of Penalties The fines include: AED 650,000 for general regulatory breaches AED 500,000 for […]
Why AML (Anti-Money Laundering) is Crucial for Businesses in the UAE
Why AML (Anti-Money Laundering) is Crucial for Businesses in the UAE The United Arab Emirates (UAE) is known for its thriving economy, diverse financial landscape, and status as a global business hub. With such rapid economic growth and the influx of international investments, it’s no surprise that the UAE’s financial system is also highly regulated […]
Legal Audit Report for Corporate Business
What is a Legal Audit Report? A Legal Audit Report is a detailed examination of a company’s legal and operational framework to identify potential risks, non-compliance issues, and fraudulent activities. It involves a thorough review of the company’s policies, procedures, contracts, financial records, and compliance with local and international regulations. The report provides actionable insights […]
