As per the latest report circulated recently in the UAE, it is stated that the property agents, brokers as well as all law firms must report cash transactions worth Dh55,000 and above to the UAE’s Financial Intelligence Unit. The Ministry of Economy (MoE) and the Ministry of Justice (MoJ) have...
Liquidating a firm refers to doing so or planning to do so. Liquidating a firm refers to doing so or planning to do so. The assets of a firm are divided among the shareholders when it decides to discontinue operating or carrying out certain projects in a certain location. The...
Dubai has transformed over the past 40 years from a small trading hamlet to one of the most amazing and prosperous economies in the world. Today, it serves as a hub for international trade and offers chances for foreign investors to invest in a variety of economic sectors, including trade,...
If a person decides to close a business in the UAE, it is important to cancel the business trade licence and all associated permits. By doing so, the government will be notified that your business is no longer available, preventing fines and penalties from piling up when it comes time...
