Ensuring Compliance and Financial Integrity in Dubai’s Real Estate with Escrow Accounts
Dubai’s real estate market faced significant regulatory action when three developers were fined Dhs500,000 each for failing to comply with the necessary registration procedures for off-plan projects. These fines were imposed by the Dubai Land Department (DLD) under Law No. 8 of 2007 on Real Estate Development Escrow Accounts. This incident underscores the critical role […]
UAE Corporate Tax & Compliance Guide: 2024 Updates You Need to Know
The UAE has introduced several significant changes to its corporate tax and compliance landscape. These changes are crucial for companies offering accounting, auditing, tax, regulatory compliance, AML, and business and finance advisory services. Below, we outline the most critical updates and their implications for businesses operating in the UAE. Corporate Tax Regime The UAE’s new […]
