News Flash: UAE introduces Beneficial Ownership regulations

October 8, 2020M/HQ PublicationsEconomic Substance / Tax, News Release

The UAE has announced the formal roll-out of uniformized minimum disclosure requirements for corporate entities incorporated in the UAE and the introduction of a beneficial ownership register. The new regulations – Cabinet Resolution No. 58 of 2020 on the Regulation of the Procedures of the Real Beneficiary (the Resolution) – came into effect on 28 August 2020.   …

Structuring Alert: UAE Free zones Stimulus Tracker update [7.0]

August 11, 2020M/HQ PublicationsNews Release, UAE Structuring Series

In response to the UAE Government’s efforts to provide relief to businesses during the COVID-19 pandemic, a number of free zones have announced major relief packages including fee waivers, rent holidays and waiver of penalties. M/HQ has compiled – and will be updating on an ongoing basis – a “Stimulus Tracker” highlighting key incentives provided …