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IFRS in the UAE: A Complete Guide for Businesses and Tax Groups International Financial Reporting Standards (IFRS) are a globally recognized framework for preparing financial statements. In the UAE, compliance with IFRS is not only a best practice for transparency and consistency but is also a regulatory requirement for Corporate Tax purposes under Ministerial Decision […]

What Are PRO Services in Dubai? Complete Guide for Businesses & Individuals Dubai is one of the most exciting places to live and do business. But whether you’re starting a new company, expanding an existing one, or handling personal legal paperwork, you’ll quickly notice one thing – the procedures with government departments can be complex

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