Paradyme SOS Corporate Services has officially launched its office in the Dubai International Financial Centre (DIFC), aimed at providing comprehensive operational solutions for wealth and asset managers. DIFC is recognized as the leading global financial hub for the Middle East, Africa, and South Asia (MEASA). Founded by Ken Ginsburg, a veteran in the investment management...
The Roads and Transport Authority (RTA) of Dubai has announced a remarkable 20 percent increase in compliance among licensing providers with local regulations throughout 2024. This improvement reflects RTA’s commitment to enhancing the business environment and ensuring adherence to high standards of quality and transparency within Dubai’s licensing sector. In 2024, the authority conducted approximately...
The Federal Tax Authority in the UAE has announced that the end of March will be the final deadline for registered businesses to update their tax records without incurring administrative penalties. The Authority has urged those who have delayed updating their tax information to take advantage of this grace period to correct their records. This...
The Federal Tax Authority (FTA) in the UAE has announced that corporations failing to pay their due corporate tax will incur a monthly penalty of 14 percent per annum. This penalty is applied to the unpaid tax amount and begins accruing from the day after the payment deadline. Each month following the deadline, the penalty...