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Key Changes in UAE Economic Substance Regulations: Essential Updates for Businesses

Historic Overview – Economic Substance Regulations (ESR) These regulations aimed to ensure that companies conducting certain “Relevant Activities” within the UAE maintain substantial economic activity. Compliance required companies to meet three core tests: the Core Income Generating Activity (CIGA) test, the Adequate Local Substance test, and the Directed and Managed test. Key Amendments to the […]

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Recent Amendments to the UAE VAT Executive Regulation

Latest News / Motei Admin

On 2 October 2024 the Federal Tax Authority (“FTA”) published the amended version of the Executive Regulation of Federal Decree-Law No. 8 of 2017 on Value Added Tax (“Executive Regulation”). The amendments are implemented following Cabinet Decision No. (100) of 2024 and are effective from 15 November 2024 and bring new VAT exemptions aimed at

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Corporate Tax Filing Deadline Postponed for Short Tax Periods Ending on or before 29th February 2024

Latest News / Motei Admin

This extension applies to companies incorporated, established, or recognized after 1st June 2023, which experienced a shortened first tax period. The postponement offers businesses more time to meet their obligations, easing administrative pressures and helping avoid potential penalties. The FTA encourages all businesses to take advantage of this extended deadline to ensure timely and accurate

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Law Update: UAE Streamlines Travel Ban Lifting Process

Latest News / Motei Admin

The UAE Ministry of Justice has introduced a fully automated process for lifting travel bans, which will eliminate the need for paperwork or requests. As part of the “Zero Government Bureaucracy” initiative. The number of procedures has been reduced from nine to zero, the number of required attachments from one to zero, and the processing

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FTA Issues Guidance on the First Tax Period for Juridical Persons

Latest News / Motei Admin

The first financial year under the Commercial Companies Law may not necessarily be a 12- month period, but instead can be a period between 6 months and 18 months. Where the first tax period of such taxable person is not a 12-month period but a period between 6 months and 18 months, the taxable person

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Revamping Telemarketing: UAE Unveils Stricter Telemarketing Regulations

Latest News / Motei Admin

Summary of New Resolutions on Telemarketing Regulation The Ministry of Economy and the Telecommunications and Digital Government Regulatory Authority (TDRA) have enacted new resolutions to govern telemarketing practices via phone calls across the UAE. These regulations apply to all licensed entities, including those operating within free zones, and are designed to promote economic and social

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Resolution on Drugs and Narcotics

Latest News / Motei Admin

Introduction Drug-related offenses continue to present significant challenges globally. In response, the United Arab Emirates (UAE) is committed to maintaining the safety and security of its nation and its residents through the implementation of the Emirati Anti-Drug Law. This law aims to deter drug-related crimes by enforcing stringent laws and severe penalties, maintaining a zero-tolerance

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Dubai Courts Pioneers a New Era in Judgement Enforcement

Latest News / Motei Admin

The integration of digital technologies to address pain points of the end-to-end process of execution of Civil Judgments in Dubai includes: Digital Writ of Execution Seal: Eliminates the need for physical presence, allowing proceedings to be initiated online. Disclosure Platform: Enables enforcement judges to directly access information on a respondent’s assets, facilitating swift asset seizure

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EU Passes Landmark AML Legislation

Latest News / Motei Admin

This landmark legislation represents a critical step forward in the EU’s ongoing efforts to combat financial crime and ensure a safer economic environment for all citizens. Key Highlights of the Legislation: The establishment of an EU Anti-Money Laundering Agency in Frankfurt marks a critical step in strengthening financial regulation across the EU. By centralizing oversight,

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Dubai has announced a new tax on foreign banks operating in the Emirate.

Latest News / Motei Admin

Introduction Aligned with Gulf Cooperation Council countries’ initiatives for economic diversification, Dubai enacts Law No. (1) of 2024. This legislation supersedes Regulation No. (2) of 1996, introducing a contemporary framework for taxing foreign banks operating within the Emirate, including special development zones and free zones, with an exemption for entities licensed by the Dubai International

Dubai has announced a new tax on foreign banks operating in the Emirate. Read More »

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Key Changes in UAE Economic Substance Regulations: Essential Updates for Businesses

Recent Amendments to the UAE VAT Executive Regulation

Corporate Tax Filing Deadline Postponed for Short Tax Periods Ending on or before 29th February 2024

Law Update: UAE Streamlines Travel Ban Lifting Process

FTA Issues Guidance on the First Tax Period for Juridical Persons

Revamping Telemarketing: UAE Unveils Stricter Telemarketing Regulations

Resolution on Drugs and Narcotics

Dubai Courts Pioneers a New Era in Judgement Enforcement

EU Passes Landmark AML Legislation

Dubai has announced a new tax on foreign banks operating in the Emirate.

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