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Month: June 2021

ULTIMATE BENEFICIAL OWNER (UBO)

The UAE government has introduced a major change in regulations which concerns Ultimate Beneficial Owner (UBO), the Cabinet of UAE has issued Cabinet Resolution no (58) of 2020, came into action on 28th August 2020, which states the regulations of real beneficiary procedures (UBO Regulations). All the Legal entities registered…
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100% OWNERSHIP IN DUBAI MAINLAND

The law which brought the tremendous transformation in the business ecosystem of Dubai, 100% Ownership on Business setup in Dubai Mainland, got implemented on 1st June 2021. It’s the game changer for the economic environment, as this law invites the foreign investors across the globe, to setup a company onshore…
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