Regulatory Compliance

A Comprehensive Step-by-Step Guide to Filing and Registration Under ADGM Electronic Transactions Regulations 2021

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Introduction to ADGM Electronic Transactions Regulations 2021 The Abu Dhabi Global Market (ADGM) has established a robust regulatory framework to facilitate and govern electronic transactions through the enactment of the Electronic Transactions Regulations 2021. These regulations serve a critical function in promoting the digital economy within ADGM and provide clarity on the legal standing of … Read more

Understanding Dubai Decree No. 34 of 2021: A Primer for Non-Lawyers

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Introduction to Dubai Decree No. 34 of 2021 Dubai Decree No. 34 of 2021 represents a pivotal development in the regulatory environment governing digital activities within the emirate. Issued under the auspices of the Dubai Digital Authority, this decree aims to establish a comprehensive framework that fosters innovation and enhances digital governance. Its significance lies … Read more

Compliance Checklist for Ultimate Beneficial Owner (UBO) Under Cabinet Resolution No. 58 of 2020 in the UAE

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Introduction to Cabinet Resolution No. 58 of 2020 Cabinet Resolution No. 58 of 2020 represents a significant regulatory framework that mandates the identification and disclosure of Ultimate Beneficial Owners (UBOs) within the United Arab Emirates (UAE). This resolution is part of the UAE’s broader commitment to enhancing transparency and combating financial crimes, such as money … Read more

Step-by-Step Guide to Filing and Reporting Obligations Under Cabinet Resolution No. 57 of 2020 (Economic Substance Regulations) in the UAE

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Understanding Economic Substance Regulations (ESR) The Economic Substance Regulations (ESR), established by Cabinet Resolution No. 57 of 2020, aim to ensure that entities conducting business activities in the United Arab Emirates (UAE) maintain adequate economic presence in the country. This regulation emerged in response to global tax reforms and the increasing scrutiny on international tax … Read more