Dubai Maritime Authority (DMA) has officially announced a new regulation requiring all marine vessels operating in Dubai’s territorial waters to properly display their Hull Identification Number (HIN). This rule, effective immediately, is essential for vessel registration,vessel licensing, and renewal procedures. Key Facts Who’s affected: Vessel manufacturers, owners, operators, and importers What’s new: Mandatory visible display…
A Power of Attorney is a legal document that allows someone to act on your behalf in managing important decisions. Whether you need someone to handle financial matters, make health care decisions, or represent you in legal matters, a POA grants a trusted agent the authority to act as you would. This is especially crucial…
The Federal Tax Authority (FTA) has issued a strong appeal to corporate taxpayers who are yet to register for corporate tax, encouraging them to take advantage of the administrative penalty waiver initiative currently in place. Key Highlights of the Penalty Waiver Initiative Who It Applies To: Unregistered corporate taxpayers and certain exempt entities required to…
The UAE’s Federal Tax Authority (FTA) has started issuing refunds to businesses penalized for missing corporate tax registration deadlines, providing welcome relief, especially for small and medium enterprises (SMEs). These refunds follow the FTA’s May 2025 announcement offering an automatic waiver or refund of the AED 10,000 late registration penalty, provided businesses submit their corporate…
In a pioneering move to enhance investor protection and strengthen digital financial regulation, the United Arab Emirates has officially introduced a ‘finfluencer licence.’ Announced by the Securities and Commodities Authority (SCA) on May 28, 2025, the new licence mandates that all individuals sharing financial or investment advice through digital or traditional media must now be…
Dubai Maritime Authority (DMA), under the Ports, Customs and Free Zone Corporation, has officially launched a Remote Technical Inspection Service aimed at simplifying the renewal process for marine vessel licenses. Announced on May 21, 2025, the service caters to pleasure marine vessels up to 12 meters, water sports crafts, and visiting foreign vessels — allowing…