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UAE Tightens Corporate Governance and Anti-Money Laundering Rules: What It Means for Businesses in 2026 Category: Corporate Compliance & Business Advisory
The United Arab Emirates has taken another decisive step to cement its reputation as one of the world’s most trusted and investor-friendly business destinations. In a recent meeting of the country’s Economic Integration Committee, senior officials reviewed a fresh set of measures designed to strengthen corporate governance, tighten the framework
Saudi Arabia Issues Tax Violation Warning, Urgent Reminder for Businesses.
As the deadline for submitting value-added tax (VAT) statements approaches, Saudi Arabia’s Zakat, Tax, and Customs Authority (ZATCA) has issued a stern reminder to businesses. Companies with significant annual revenues are particularly urged to comply promptly to avoid substantial penalties. Who Needs to Pay Attention? ZATCA has specified that businesses
The Crucial Role of Internal Auditing in Multi-Owner Businesses: Enhancing Governance, Risk Management, Compliance, and Beyond
In the complex landscape of multi-owner businesses, internal auditing stands as a cornerstone of robust governance, effective risk management, and stringent compliance. This function not only safeguards the integrity of financial reporting but also plays a pivotal role in enhancing operational efficiencies, fostering transparency, and driving business growth. With the
How Data Analysts Transform Raw Data into Actionable Insights.
Data has become the new gold mine for businesses across various industries. While collecting data in large quantities is the initial step, the real value lies in extracting meaningful insights from this data to drive informed decision-making. This is where data analysts play a decisive role. They are the ones
Top Skills Every Data Analyst Needs to Build a Successful Career
Throughout the recent times, the role of a data analyst has transcended from being a support function to becoming the backbone of strategic decision-making for businesses across industries. As the volume and complexity of data continue to surge, the demand for skilled data analysts has skyrocketed. However, to thrive in
Foreign Investors Will Now Receive the Same Treatment as Saudi Nationals Under the Nitaqat Program.
In a bid to foster inclusivity and boost investment, Saudi Arabia’s Ministry of Human Resources and Social Development has introduced a significant update to its Nitaqat Saudization program. This groundbreaking move aims to treat foreign investors on par with Saudi nationals, marking a pivotal shift in the country’s approach to
Dubai’s New Tax Policy Understanding the 20% Annual Tax on Foreign Banks
Dubai Introduces 20% Annual Tax for Foreign Banks, Sheikh Mohammed Announces. In a recent move by the ruler of Dubai, Sheikh Mohammed Bin Rashid Al-Maktoum, a new law has been introduced that imposes a 20% annual tax on foreign banks operating within the emirate. This significant development aims to streamline
The Evolution of Auditing: Knowing the Transformative Power of Audit Automation in Business
Staying ahead of regulatory changes and ensuring compliance are critical factors for success in the current fast-paced business world. Traditional manual auditing processes are becoming obsolete, making room for the transformative power of audit automation. This innovative approach doesn’t replace humans in the auditing equation but empowers them with technology,
Saudi Arabia Expands its Premium Residency Program
In a strategic move to bolster its global appeal and steer its economy away to new heights, Saudi Arabia has recently unveiled a significant expansion to its premium residency program. Launched in 2019 to attract international talent, the program has evolved to include five new products, offering various benefits to
THAT Introduces Zaid, Saudi Arabia’s First AI Corporate Consultant, at Techtonic Riyadh.
Tass and Hamjit Advanced Technologies (THAT) revolutionizes the corporate consulting landscape in Saudi Arabia with the introduction of Zaid, the country’s first artificial intelligence (AI) corporate consultant. The groundbreaking announcement was made at the highly anticipated Techtonic event that took place in Riyadh on January 10th, 2024. Zaid, an innovative
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DAFZA launches ‘Talent Pass’ licence for freelancers.
Talent Pass license for freelance or self-employed work with the aim of attracting global talent and professionals. Under the directives of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Airport Freezone Authority (DAFZA) launched the Talent Pass license for freelance or self-employed work with the aim of attracting global
Commercial Concealment Correction Date Extended.
New Date February 16, 2022 Ministry of Commerce, Saudi Arabia has extended the National Commercial Concealment Correction Program for another six months until February 16, 2022. The program commenced on February 28, 2021 and was intended to end on August 23, 2021. This is an additional opportunity granted from the
Withholding Tax in Qatar: Why Contract Declaration Is Now Mandatory for WHT Filing (Dhareeba Guide)
The General Tax Authority (GTA) in Qatar has introduced a significant update to withholding tax (WHT) compliance, making contract declaration through the Dhareeba portal mandatory before filing WHT returns. This change directly impacts how businesses in Qatar manage tax reporting—especially those dealing with non-resident service providers. Understanding this new requirement
Ministry of Commerce identifies 7 types of tasattur activities
RIYADH, SAUDI ARABIA The Ministry of Commerce, Saudi Arabia advised business owners and commercial establishments to make use of the extended six month period to correct the violations of the Anti-Commercial Cover-up Law (Tasattur). The ministry identified seven types of tasattur and the penalty for the crime includes a maximum
Get a License and sponsor your family for Dh. 530 in UAE
Now live and work in Abu Dhabi as ADDED launches freelancer license Are you planning to move out of your current job and start your own consultancy? Abu Dhabi’s Department of Economic Development has just made it easier for skilled professionals, both residents and nonresidents, in specific categories to apply
Business Continuity Funds in Corona Era
As it is discussed and published in various articles, the new economic world order will be impacted by the effect of Novel Corona Virus or COVID 19. Due to the lockdown including in Kerala, most of the industries and businesses are seriously affected. It is sure that, in Kerala, many local and small