July 2025

Customer Due Diligence (CDD) in the UAE: A Practical Guide for Businesses Customer Due Diligence (CDD) is a cornerstone of Anti-Money Laundering (AML) compliance. In the UAE, all Financial Institutions (FIs) and Designated Non-Financial Businesses and Professions (DNFBPs) must conduct CDD before onboarding a customer and throughout the business relationship. Failing to apply proper CDD […]

How DNFBPs Can Conduct Effective AML Risk Assessments in the UAE In the UAE, the government has taken a strong stance against financial crime. Under Cabinet Decision No. 10 of 2019 and Federal Decree-Law No. 20 of 2018, Designated Non-Financial Businesses and Professions (DNFBPs) are required to implement robust Anti-Money Laundering (AML) practices and at

Bookkeeping or Accounting? When running a business in the UAE whether it’s a startup, a small trading firm, or a company in a Free Zone managing your finances effectively is critical. Yet, many business owners struggle to understand the difference between bookkeeping and accounting, and more importantly, which one they actually need. This guide will

Understanding the De Minimis Rule: Key to 0% Corporate Tax in UAE Free Zones If you’re a business registered in a UAE Free Zone, understanding the de minimis requirements is essential to maintain your Qualifying Free Zone Person (QFZP) status and enjoy the 0% corporate tax rate on eligible income. This blog serves as your

Understanding the Taxable Person Status Under UAE Corporate Tax Law The UAE introduced Corporate Tax effective from June 1, 2023. While many believe this tax only applies to companies, it also applies to individuals (called “natural persons”) who earn income through Business or Business Activities in the UAE. This includes freelancers, consultants, influencers, small business