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…
The UAE Ministry of Finance has issued Cabinet Decision No. 35 of 2025 on April 6, outlining the rules for determining when a non-resident juridical person has a taxable nexus in the UAE. The regulation updates and replaces Cabinet Decision No. 56 of 2023 under the framework of Federal Decree-Law No. 47 of 2022 on…
With major UK tax changes set to take effect in May 2025—including increases in capital gains, inheritance tax, and National Insurance—many UK-based individuals and businesses are reconsidering where and how they operate. Dubai continues to attract global entrepreneurs with its tax-free income, zero capital gains, and investor-friendly policies. But relocating isn’t just about tax—it’s about…
In a major relief for businesses, the United Arab Emirates’ Federal Tax Authority (FTA) has started implementing a new Cabinet Decision to waive administrative penalties for companies that failed to register for corporate tax on time—provided they meet certain conditions. This move is designed to support voluntary compliance and simplify the country’s evolving tax system.…
Dubai Multi Commodities Centre (DMCC), the UAE’s premier free zone and global trade hub, has introduced two new license categories—Special Purpose Vehicle (SPV) and Holding Company licenses—designed to provide businesses with more agile and cost-effective structuring options. Announced on May 5, 2025, the new offerings enable investors and companies to manage assets, oversee regional operations,…