Economic Substance Regulation (ESR) in the UAE
Under the Organization for Economic Cooperation and Development – OECD/G20 Inclusive Framework on BEPS, over 135 countries are collaborating to put an end to tax avoidance strategies that exploit gaps and mismatches in tax rules to avoid paying tax. On 30 April...UAE Federal Law on Foreign Direct Investment – The Game Changer
Covid-19 impacting world economies As the Covid-19 pandemic continues to rip nations, governments are forced to impose strict public health measures, such as social distancing, to physically disrupt the conta- gion. By doing so, the flow of goods and people are halted,...An Opportunity for Existing Limited Liability Companies (LLCs) to Transform & Amend its Legal Status into a Private Joint Stock Company (PSC)
In the first chapter of this communiqué, Raju Menon, Chairman and Managing Partner of Kreston Menon elaborated on the new update on the UAE Federal Law on Foreign Direct Investment, granting foreign investors an ownership up to 100% in the mainland. The new Federal...FDI Law Update on 100% Foreign Ownership – Manufacturing Sector to be the Biggest Beneficiary
In the previous two articles, my colleagues elaborated on the recent FDI Law update allowing 100% foreign ownership in mainland companies. We are overwhelmed by the great response and we are excited that it has led to meaningful deliberations on how our clients can...FDI Law Update on 100% Foreign Ownership – Services Sector
In the previous article, my colleague explained on FDI Law Update on 100% ownership in the Manufacturing Sector. Here I will take on the Services Sector in UAE. Services Sector forms the highest percentage in the GDP of UAE and also contributes the highest percentage...FDI LAW & CABINET RESOLUTIONS (CR) Commonly Asked Questions
This booklet is a compilation of a series of communique aimed to update you on the new FDI Law Update. We encapsulated the provisions of the Law and resolutions in the flyers to give insights on how these changes will cement UAE’s position as the most preferred...
FINTECH: Changing the way you think
Mankind and Inventions Mankind has always found solutions to the problems at hand or have invented ways to make their life easier. Be it from the primitive age when fire was invented or rather discovered, or the invention of the wheel which revolutionized the world....
Changing the Landscape of Internal Audit
Background The inadequacy of system to cater to business needs, issues regarding integrity and robustness of data generation (MIS), the absence of management strategy for monitoring risks, lack of control over the operational process, ambiguity over policy and...