ClearView Financial Media’s Post

How the new Ultimate Beneficial Ownership (UBO) regulations provide better clarity and address the needs particularly of businesses with complex structures as analyzed by counsel Rony Eid and senior associate Tala Shomar. #UBO #antimoneylaundering #UAE

The Dubai International Financial Centre (DIFC) has rolled out significant revisions to the Prescribed Companies Regulations, effective from 15 July 2024. These changes are set to enhance the business landscape with two new offerings:   ◾ Prescribed Company – Passive Holding ◾ Commercial Package – Active Enterprise Key Highlights:   1️⃣ Expanded and simplified criteria for Prescribed Companies, but no employees allowed and it can only conduct a holding company business activity, unless the Prescribed Company is set up for a qualifying purpose. 2️⃣ Active Enterprise option permits employees and allows for holding company, managing office, and proprietary investment activities. 3️⃣ Both options benefit from subsidized DIFC license and registration fees. 4️⃣ Transitional period for entities no longer qualifying under the new regulations.   To know more, click here - https://lnkd.in/dB2r4x7Q For any questions or further clarification, please contact our Corporate Structuring team. #DIFC #CorporateStructuring #Dubai

𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐑𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐝𝐞 𝐄𝐚𝐬𝐲 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐀𝐄 𝐛𝐲 𝐒𝐌𝐂 𝐆𝐮𝐥𝐟 Starting your business in the UAE can feel overwhelming, but with SMC Gulf, we simplify every step. Whether you're launching a startup or expanding your existing venture, navigating the region's legal and regulatory landscape is effortless with our expert guidance. We handle everything from securing trade licenses and legal approvals to opening bank accounts, ensuring a seamless and quick registration process. With extensive experience in UAE's business ecosystem, SMC Gulf ensures compliance with local laws, so you can focus on what matters most—growing your business. Let us take the complexity out of setting up your company in one of the world's most dynamic markets. 𝑪𝒐𝒏𝒕𝒂𝒄𝒕 𝑺𝑴𝑪 𝑮𝒖𝒍𝒇 𝒕𝒐𝒅𝒂𝒚 𝒂𝒏𝒅 𝒅𝒊𝒔𝒄𝒐𝒗𝒆𝒓 𝒉𝒐𝒘 𝒆𝒂𝒔𝒚 𝒊𝒕 𝒊𝒔 𝒕𝒐 𝒈𝒆𝒕 𝒚𝒐𝒖𝒓 𝒃𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝒖𝒑 𝒂𝒏𝒅 𝒓𝒖𝒏𝒏𝒊𝒏𝒈 𝒊𝒏 𝒕𝒉𝒆 𝑼𝑨𝑬! #BusinessSetup #CompanyFormation #entrepreneurlife #uaebusiness #startupsuccess #businessgoals #InstaBiz #dubailife #SMCGULF #businessgrowth #DigitalTransformation #smallbusinessownerlife #entrepreneurmindset #BusinessOpportunities #successtips #worksmart #onlinebusiness #businessstrategy #businessmotivation #dubaibusiness

Previously, foreign investors needed a local partner to hold a majority stake, but now, many businesses can be fully owned by foreign nationals, depending on the industry and location. The UAE has made significant changes to its business laws, allowing 100% foreign ownership in many sectors. This move aims to attract more international investors and boost economic growth. For detailed guidance and to ensure compliance with all legal requirements, consult Bader Saleh Auditing. Our experts are here to help you navigate the complexities of setting up a business in the UAE. #businesssetup #businessinUAE #business #companyincorporation #foreigninvestment #foreignownership #BusinessinDubai #UAE #BSA #BSAuditing

#RedRockInsights: The Dubai International Financial Centre (DIFC) has recently introduced significant updates to its Prescribed Company Regulations, effective from July 15, 2024. These changes are set to transform the landscape for businesses currently operating in or planning to enter the DIFC. 📌Key Updates: Broadened eligibility criteria for Prescribed Companies. Introduction of the Active Enterprise Commercial Package. Simplified setup process with lower fees. These amendments are particularly advantageous for: GCC entities and citizens Family-run enterprises Private investment firms 📌Wondering how these changes might benefit your business? Check out our comprehensive analysis to understand the potential impacts and how to make the most of these new regulations. Have questions? Let’s discuss in the comments or get in touch directly. 🌐 Visit Our Website redrock-group.com 📞 Call us +971 58 590 44 02 #DIFCAdvantages #prescribedcompany #BusinessOpportunities #RedRockGroup

🚀The UAE’s rise to the top as a global financial hub was not accidental. In our latest episode of #MondayLegal, Ahmed Elnaggar and Yann Mrazek, Managing Partner at M/HQ, discuss how the UAE adopted a business mindset to tackle challenges. By recognizing issues, benchmarking international practices, and implementing better solutions, the UAE has become a top destination for foreign direct #investment. To learn more about the factors that propelled the UAE to this position, you can listen here: https://lnkd.in/dWjm8wzV #MondayLegal #TheJurist #MENA #UAE #UAEbusiness #globalfinance #hightechsolutions #investmentstrategies #foundations #wealthprotection #wealthstructuring #HNWI #expertinsights

Advising cross border families with assets or even family members with US connections is complex! There are solutions, but cross border estate and succession plans must be carefully curated and frequently reviewed to ensure continual effacacy. Thank you Darlene Hart of USTAXFS for joining David Bell and I and sharing your expertise as you highlight some of the key concerns and issues clients must be aware of when curating succession plans. #crossborder #estateplanning #succession # trusts #foundations #tax #fatca #crs

Can’t say more to illustrate how United Arab Emirates succeeded as #GlobalFinancialHub and has officially become a top destination for #FDI. New episode of #MondayLegal disclosing key success factors. Watch it! Credits to Ahmed Elnaggar, Yann Mrazek #TheJurist #MondayLegal #FDI #Investments #UAEbusiness #UHNWE

To further enhance the Dubai International Finance Centre’s position as a premier #financialhub within the Gulf Cooperation Council, the DIFC Authority introduced significant changes to its ‘Prescribed Company’ regime in July 2024, expanding the qualifying criteria. Download our summary to find out more 👇 and contact Dave Lange, Managing Director of our Dubai office, if you have any questions. 📩 #TeamTridentTrust #Dubaiprescribedcompany #corporateservices #PCregime

Join the case study discussion featuring the expertise of Sunita Singh-Dalal, Partner at Hourani & Partners and Darlene Hart, Founder of USTAXFS. In this case study, we learn the intricacies of managing international assets for a UAE-based business family, including strategies for timing asset transfers into foundations, U.S. estate tax laws, optimising investment opportunities for stocks, bonds, and US/non-US assets. Sunita and Darlene bring a wealth of knowledge and experience to the table, having worked closely together in Dubai and the UAE in recent years. Their discussion highlights the critical role that insurance plays in managing investment portfolios, as well as the unique challenges involved in handling multi-million dollar portfolios. If you're looking for expert guidance on effective succession planning for family businesses, don't miss out on this valuable conversation. #CaseStudy #FamilyBusiness #InvestmentStrategies #SuccessionPlanning https://lnkd.in/e_fsTKAn