The Ministry of Finance (MoF) has extended the deadline for all UAE based companies to file their Economic Substance Regulation (ESR) Notifications and (if necessary) ESR Reports to 31st January 2021. All companies in the UAE that engage in a “relevant activity” must submit an annual ESR notification and , if applicable, an ESR Report to both the regulatory authority … Read More
UAE reveals new categories eligible for golden residency visas
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the decision to expand the categories of eligible individuals for the 10-year “golden” residency visa. The new categories now include: PhD holders, doctors, engineers in the fields of computer engineering, electronics, programming, electricity and biotechnology. It also includes graduates from … Read More
UBO regulations in UAE: what you need to know
A major change in regulations concerning ultimate beneficial owner (UBO) procedures has come into force in UAE. The UAE Cabinet issued Cabinet Resolution no (58) of 2020 concerning regulation of the real beneficiary procedures (“UBO Regulations”) and this was enacted on 28th August 2020. How will these new regulations affect you? The UBO Regulations establish a framework for reporting and … Read More
Dubai launches remote working visa
Dubai has launched a new residency initiative which will allow overseas remote working professionals to relocate and live in the Emirate along with their families, whilst continuing to work remotely for their overseas employer. The relocation programme will be valid for a year, after which it can be renewed successively for a similar duration each time. Applicants will also benefit … Read More