M/HQ’s 4 Steps to Growth — Step 2 — Understand your Compliance Obligations
How well do you know your company? Is your company up to date with all filing and reporting requirements?
Having a strong corporate structure built on a foundation of measured, organised and verifiable compliance with regulations can considerably enhance business value and confidence.
Conducting a simple corporate health check can assist you in identifying and verifying that all applicable obligations have been met.
Regulations to look out for to ensure your obligations are assessed and met include:
- the UAE’s Economic Substance Regulations
- the Ultimate Beneficial Ownership Regulations
- the FATCA and CRS regimes;
- the new Federal Data Protection Law and similar laws in the financial free zones;
- the Value Added Tax (“VAT”) regulations; and
- the new Commercial Companies Law 2021 which came into effect
on 2 January 2022.
Failure to comply with obligations under applicable regulations may result in hefty penalties.
Boost your company’s opportunity for future success by verifying the health and status of your company under the applicable regulations.
Get in touch with our team! We are a phone call away to help you identify ways to ensure your business structure works today and is ready for tomorrow!