The UAE tax authority may soon allow companies to keep their VAT number even after changing their business type. This change could remove delays, reduce costs, and help more businesses grow without tax confusion. Right now, businesses converting from sole owners or branches to new companies must cancel their VAT and apply again — even…
In a key legislative update, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai and Vice President and Prime Minister of the UAE, has issued Law No. (9) of 2025, revising ten key articles of the 2021 Dubai Conciliation Law. The new amendments are part of the emirate’s broader efforts to modernize its…
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…