Setting up an Audit Firm in Dubai

Audit firms and auditors in Dubai help companies getting audited every financial year, scrutinize a company’s internal controls existing systems and financial statements. It is very important for entrepreneurs to get their company accounts and records audited to that such records are in order and reliable. Audit firms have the potential to detect and identify […]

UAE Trust Law

In UAE, Trust law exists in two jurisdictions, namely Dubai International Financial Centre (DIFC)…

Money laundering court to fight ML/CFT in Dubai

The new move of establishing specialised money laundering court in Dubai is in line with the UAE’s leadership’s vision to strengthen UAE’s financial system and under the directives of the Vice President and Prime Minister of UAE and Ruler of Dubai. This initiative will further help Dubai, UAE’s global competitiveness to fight financial crimes and […]

Registration of companies with goAML and its significance

What is go AML? The fully integrated software and reporting platform ‘goAML’ was launched by UAE’s Financial Intelligence Unit (FIU) in partnership with the United Nations Office on Drugs and Crime (UNODC). It was launched to be used by Financial Intelligence Unit (FIU) to curb money laundering and terrorist financing across the world.  Similarly, the […]

Latest enactment on Patent Registration in UAE

The Federal Law no. 11 of 2021 (“the Law”) is concerning the protection and regulati9on of IPR rights in the UAE. The UAE issued the law repealing the previous Patent Law No. 17 of 2002. The law is applicable across the UAE including free zones and is dedicated to patents, industrial designs, integrated circuits, undisclosed […]