UAE Economic Substance and UBO Filing Mandates: What Every Free Zone Company Must Submit
Corporate governance and anti-money laundering enforcement have reached a new level across the UAE. Under Cabinet Decision No. 109 of 2023 and administrative penalty resolutions enacted by the UAE Ministry of Economy, every registered legal …
UAE Corporate Tax Registration Enforcement: Penalties and Deadlines for Active Licenses
The Federal Tax Authority (FTA) has intensified enforcement measures for corporate tax compliance across all seven Emirates. Under Cabinet Decision No. 10 of 2024 and FTA Decision No. 3 of 2024, every active commercial entity—whether …
General Trading License in Dubai: Real Costs, Permitted Activities, and Banking Approval
A general trading license in Dubai allows a single corporate entity to import, export, store, and distribute multiple unrelated goods under one umbrella. Unlike a standard commercial permit that restricts you to a single vertical …
Dubai Free Zone Business Setup: New Rules for Tax and Trade License Renewal
Selecting a Dubai free zone business setup has long been the preferred route for international founders seeking 100% foreign ownership, zero import duties, and complete capital repatriation. However, recent enforcement updates from the Federal Tax …
Setting Up a Company in Dubai: How to Open a Corporate Bank Account Without Rejection
Getting a trade license in the UAE is fast, but setting up operations does not end with licensing. Many entrepreneurs complete their company formation in Dubai only to discover that opening an operational corporate bank …