Posts

Showing posts from March, 2021

What are the latest anti-money laundering initiatives in the UAE for 2021?

Image
 As the world’s largest market leader, maintaining the credibility of the financial market and preventing the entry of any criminal organization or illegal act categorized as a breach of trust is critical. Money laundering may be done by individuals or organizations to acquire money, property, or services for personal or commercial benefit. The government of the United Arab Emirates recently released an updated and more comprehensive anti-money laundering strategy. It includes a list of violations as well as administrative sanctions imposed in order to deter money laundering in the UAE and take effective counter-terrorist financing steps. The regulation is based on UAE federal legislation and is designed to comply with international Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) standards.  The law is based on UAE federal legislation and is designed in consultation with the Financial Action Task Force to meet international Anti-Money Laundering (AML) / Combati

BENEFITS OF HIRING A BUSINESS SETUP CONSULTANT TO HELP YOU START A COMPANY IN DUBAI

Image
  You want to start a business in Dubai, but you don't know where to start. The process of establishing a company in the United Arab Emirates entails many steps. You'll need to come up with creative marketing plans, recruit staff, and budget for your company. At this stage, getting valuable advice and opinions from a reputable  business setup in Dubai  can be critical for success. Company consultants have experience in a variety of industries and have traditionally worked closely with a number of companies. Consulting with a business set up consultant in the UAE that has experience with new businesses or startups will help your company grow in the right direction. Dubai is a popular destination for business investors, and it has always supported entrepreneurs who want to start a business in the UAE. When it comes to establishing a company in Dubai, you can seek advice from a reputable and seasoned business setup consultancy in the UAE. There are numerous options for starting a

How to renew your Dubai business license?

Image
The last thing you want to happen after all of your hard work to set up your business in Dubai is to lose it, particularly for something as minor as failing to renew your Dubai business license! Let's get right to the point: if you own a company in Dubai, you must renew your DED-issued business license every year. You will have to pay penalty if you don't. If you don't, you might face serious consequences. You could also face other negative effects, such as your company being blacklisted or difficulties expanding your Dubai-based business. Fortunately, company license renewal in Dubai is fairly easy and can be done both online and in person. It can be made even simpler with the assistance of business setup experts who are familiar with everything there is to know about  company registration in Dubai  as well as how to renew a company license in Dubai. Why is it important to renew your Dubai business license? All companies in Dubai must renew their business licenses long bef