The average duration spent in the UAE by residents is set to increase as the new visa regime will encourage expatriates to stay in the country for a longer period, say recruitment and HR consultants. The UAE has introduced many new long-term residency permits including Golden Visa, Green Visa, Retirement Visa and Freelance Visa for […]
When would a company wish to liquidate? Typically, this will be when a corporation no longer has the liquid funds to operate on a day to day basis, creditors and other commitments of the company are no longer being paid as they should be. In light of the Covid-19 pandemic, this unfortunately will become a […]
ADGM FINANCIAL REGULATED ENTITIES – 21st JUNE ADGM NON REGULATED ENTITIES – 30th JUNE All other ADGM non-regulated entities (e.g. Foundations, SPV’s) conducting ‘Investment Activities” may fall within the scope of FATCA / CRS reporting and have until 30th June to register and file (if applicable) via the Ministry of Finance portal. Significant administrative penalties can be levied […]
Labour ban/employment ban by Ministry of Human Resources and Emiratisation (MoHRE) states that the employee is not legally allowed to work in another company based in the UAE for a duration of one year or permanently. Who can face Employment ban? Employment ban applies on all employees – skilled or unskilled, when the employee violates […]
DIFC / ADGM Regulatory and Compliance Authorizations Outsourced Finance Officer, Compliance Officer and MLRO Outsourced Accounting Corporate Tax Advisory and Compliance VAT Advisory and Compliance HR Advisory Outsourced Payroll Management Financial and Tax Due Diligence Financial Modelling and Business Valuation Outsourced CFO Services Since 2014, we have supported regulated entities as well as small and […]
Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance and Chairman of the Dubai Securities and Exchange Higher Committee, […]
Many businesses worldwide are finding they need access to high-level financial management but do not have the critical mass to justify hiring their own dedicated CFO or to incur the fees of the ‘Big Four’ accounting firms. This is particularly so in these tough times. Rethink has set up a CFO services practice based in Dubai to […]
Arguably, the most significant change in the UAE business landscape has been the introduction of VAT at the beginning of 2018. We at Rethink, believe this has been a change for the better and has forced many organizations throughout the region to become more rigorous in the way they record basic business information. Prior to […]
Overview: All regulated entities in the Dubai International Financial Center (DIFC) are required to designate a Finance Officer (FO) to oversee the Finance & Accounting function to ensure compliance with International Financial Reporting Standards (IFRS) and relevant DFSA rules as contained in the PIB. The FO is an Authorised Individual under DFSA regulations and acts as regulators […]
In the UAE, many individuals strategize personal wealth management, asset protection, and legacy planning by establishing a family foundation structure. UAE Foundations are subject to UAE Corporate Tax (CT) but careful planning can mean that the effective rate of CT is 0%. It is crucial that when a foundation serves solely to hold and […]
Etiam magna arcu, ullamcorper ut pulvinar et, ornare sit amet ligula. Aliquam vitae bibendum lorem. Cras id dui lectus. Pellentesque nec felis tristique urna lacinia sollicitudin ac ac ex. Maecenas mattis faucibus condimentum. Curabitur imperdiet felis at est posuere bibendum. Sed quis nulla tellus.
63739 street lorem ipsum City, Country
+12 (0) 345 678 9
info@company.com