Clara Technologies’ Post

The Prescribed Company Regulations (PCR) were enacted in 2019 and were further updated in 2020 and 2022. In both cases to expand the regime to a wider base of applicants. Despite these amendments, DIFC has been met with continued demand to further expand the regime. DIFC has sought to balance the objective of operating as a jurisdiction of substance against demand for access to special purpose style vehicles used for legitimate structuring purposes and transactions. With the introduction of UAE Corporate Tax, concerns around substance requirements are reduced and DIFC is of the view that further expansion of the PC regime is now appropriate. The updated PCR came into effect on 15 July 2024, and can be accessed via DIFC’s Legislative Database. For a confidential discussion on the new legislation and how your business might be able to benefit from the same, please DM me or contact me at david.pang@dentons.com

#DIFC announces enactment of updated Prescribed Company Regulations. The DIFC Prescribed Company (PC) Regulations, initially enacted in 2019 and updated in 2020 and 2022, are now being further expanded to meet the growing demand. With the introduction of #UAE #CorporateTax, substance requirements are less of a concern, allowing DIFC to open up the PC regime to a global base of applicants while maintaining strong ties to DIFC and the #GCC. Read more: https://lnkd.in/de-C9vaC #PrescribedCompanyRegulations

#DIFC has announced the enactment of updated Prescribed Company Regulations, allowing DIFC to open up the PC regime to a global base of applicants, including for family wealth and estate planning #GCC #familywealth Read more: https://lnkd.in/de-C9vaC #PrescribedCompanyRegulations

Recently, CBIC issued a Instruction No. 10/2024-Customs, dated 01.05.2024 allowing electronic certificates of origin (e-CoO) to be considered for the purpose of claiming preferential benefit under India-Korea CEPA. Relevant portion is extracted below. #Customs #FTA #FTP #CEPA

CIRP Regulations - Form in which a claim is to be submitted under the Regulations is directory and not mandatory - What is important is, the claim must be supported by proof 2024 KHC OnLine 6071

RCMC -Registration Cum Membership Certificate Last week DST published an insightful piece on the Registration-Cum-Membership Certificate (RCMC). RCMC serves as a link between exporters and the government/EPC, ensuring they meet the necessary standards and guidelines to access various benefits and incentives. In today's competitive global market, staying compliant isn't just an obligation—it's a strategic advantage. Check out the full article to understand how RCMC can enhance exports. #EXPORTS #EXPORTSBENIFITS #EXPORTINCENTIVES #exportclerance #EXPORTPRMOTIONCOUNCILS #EPC #DGFT #customs #dailyshippingtimes #DST Nishita ModiKalpesh Modi

The ACCC announced today in its 'Enforcement and Compliance Priorities for 2024-25' that prioritising cartel conduct and investigating international cartels that cause detriment in Australia remains at the top of its "enduring priorities". In this article, we explore the implications of a recent UK decision on the ACCC's broadened investigative powers to target businesses based offshore to seek to compel documents or information held overseas relating to cartel or other anti-competitive conduct.

2-step analysis or 8-step analysis? This post is about the 2-step analysis by USCIS. USCIS follows a structured approach to evaluating EB1A applications. (Please refer to my previous posts to learn more about the 8-step analysis.) STEP 1: In step one, officers assess if the evidence meets regulatory criteria. They check if your evidence aligns with the claimed criteria, like a leading role in your field. STEP 2: Once you pass step one, it's time for the final verdict. Officers consider all evidence collectively to decide on your eligibility. This step is crucial, as it gauges your expertise and impact in your field. Throughout the process, officers use the "preponderance of evidence" standard. This means they weigh whether your claims are more likely to be true than not. So, make sure your evidence is solid and convincing! If you meet the criteria or claim a one-time achievement, it's on to the final merits determination. If everything checks out, you're on your way to approval! #EB1A #USImmigration #USA

At JNIBF Assessment of LCBG limits