How to Liquidate Mainland Companies in Dubai?
No matter what type of business you own, you must follow certain steps and requirements to liquidate your company in Dubai. Voluntary liquidation of a Dubai Mainland Limited Liability Company…
Read More 
Top Red Flags that Indicate you must Outsource Accounting Firms in Dubai
Entrepreneurs juggling multiple tasks in their startups or SMEs may fail to detect whether their accounting is at risk. Hiring an in-house accountant may not be challenging for small businesses…
Read More 
How Automation is Simplifying Accounting in 2024
Accounting is a critical process that determines the life of a company in the UAE. Outsourcing the accounting process to accounting firms is essential for UAE businesses as they ensure…
Read More 
An Accounting Firm’s guide to Profit and Loss Statements
Business owners can successfully run a company by outsourcing their accounting requirements to leading accounting firms in Dubai. However, it is ideal for an entrepreneur to be familiarized with basic…
Read More 
Targeted Financial Sanctions in UAE: Challenges of Sanction Screening
Ensuring compliance with Targeted Financial Sanctions (TFS) requirements in the UAE is critical for financial institutions and Designated non-Financial Businesses & Professions (DNFBPs). However, the sanctions landscape is a minefield…
Read More 
Top Reasons Small Businesses and Startups need Auditors
SMEs account for nearly 95% of all companies operating in Dubai, contributing to around 42% of the emirate’s GDP. That makes SMEs the backbone of Dubai’s business landscape. Despite this…
Read More 
AML in UAE: Regulatory Impact on Financial Sector
The UAE has shown a strong commitment to combat crimes related to money laundering and financing of terrorism (ML-FT) by enacting robust regulations. The Federal Decree-Law No. 20/2018 Anti-Money Laundering…
Read More 
The Key Stages of Money Laundering and Ways to Combat it
The UAE has a strong law and framework to combat the menace of money laundering and financing of terrorism (ML/FT). The UAE’s Anti-Money Laundering (AML) law and related regulations require…
Read More 
AML in UAE: Guidelines for Filing Suspicious Transaction Reports
Financial Institutions (FIs), Virtual Asset Service Providers (VASPs) and businesses classified as Designated Non-financial Businesses and Professions (DNFBPs) are required to identify suspicious transactions and report them to the relevant…
Read More 
Best Practices for Setting up an AML Compliance Department in 2024
Businesses that are highly exposed to crimes of money laundering and financing of terrorism (ML/TF) are advised to set up an in-house Anti-money Laundering (AML) compliance department. AML compliance department…
Read More