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Tax and Compliance

Tax and Compliance Services in Dubai

Stay compliant, thrive confidently! Our Tax & Compliance services in Dubai are designed to keep your business on the right track.

  • Navigate the complexities of Dubai’s tax landscape effortlessly.
  • Ensure adherence to all regulatory requirements.
  • Minimize risks and maximize opportunities for growth.

Reach out to us today to discuss your tax and compliance needs. Let’s build a solid foundation for your success in Dubai!

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    Tax and Compliance

    Our compliance and advisory methodology helps businesses follow an efficient way of handling their tax compliance workload and meeting deadlines. We excel in providing turnkey tax and compliance solutions including VAT filing, ESR, UBO, AML, and other regulatory compliances.

    VAT Filling And Compliance

    We offer cost-effective VAT Registration, VAT Filing, VAT Refund, and VAT Audit services. This includes – Preparation and submission of VAT/ GST, Intrastat and other indirect tax returns; Review of compliance data and quality checks; Assistance with tax audits.

    Outsourced Compliance Officer

    The outsourced chief compliance officer is the person who ensures regulatory compliance, enacts enforcement actions on the compliance program, and does annual reviews of the organisation’s compliance rules. We help you get the right resources for this.

    ESR, UBO, AML And Other Regulatory Compliance

    Anti-money laundering (AML)
    To increase transparency and comply with regulations in other international jurisdictions, the UAE maintains a robust anti-money laundering system.

    Economic Substance Regulation (ESR)
    ESR requires onshore companies to “maintain and demonstrate an adequate economic presence” in the UAE.

    Ultimate Beneficial Ownership (UBO)
    The individuals who own, have control, or have voting rights with at least a 25% shareholding in the company are referred to as UBO. It also includes anyone with the right to dismiss the majority of directors and managers, the UBO is any person who exercises significant control over the company.

    Testimonials

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      The experience was amazing; they always try the best to meet your demands at the earliest convenience

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      Highly recommend MI Capital and will surely deal with them if any new opportunity comes up in the future

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      It was really a pleasure doing business with MI capital

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      The team was really professional, timely and made sure that customer satisfaction is always the priority

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      The work MI CAPITAL does is reliable and was completed ahead of schedule

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      I must recommend MI Capital to cater to business license needs

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      I must recommend MI Capital to cater to business license needs

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      Their high level of professionalism is spot on

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    Request for Our Consultation

    Don’t miss out – take advantage of our consultation and take the first step towards achieving goals.

      Our Clients

      FAQs

      What governs the Executive Regulations for AML?

      Cabinet Decision No. 10 of 2019.

      Who are considered DNFBPs under UAE law?

      Real estate agents, dealers in precious metals/stones, auditors, legal professionals, corporate service providers.

      What is the role of the FIU in the AML ecosystem?

      Receives, analyzes, and forwards STRs to law enforcement.

      Which platform is used to file STRs (Suspicious Transaction Reports) in the UAE?

      goAML (Anti-Money Laundering System) portal managed by the FIU (Financial Intelligence Unit)

      Are free zone companies subject to AML laws?

      Yes, especially those offering financial or professional services, must comply with AML laws and register on goAML and the Automatic Reporting System for Sanctions List (ARSSL), as applicable.

      Is it mandatory to appoint an AML Compliance Officer? Is AML training required under UAE law?

      Yes, for DNFBPs and Financial Institutions. Yes, ongoing and risk based.

      How often should AML training be conducted?

      At least annually, or when regulations are updated and training should be documented.

      Are internal AML policies and procedures mandatory? What is the record-keeping period for AML-related documentation?

      Yes, under Article 21. 5 years

      Is a risk-based approach mandatory in client onboarding?

      Yes, per Article 6.

      How can businesses ensure AML compliance?

      Businesses should implement robust AML compliance programs, conduct thorough KYC checks, train employees, and report suspicious activity to the relevant authorities.

      When is Enhanced Due Diligence required? Can onboarding proceed without valid ID documents?

      For high-risk clients or PEPs. No, it violates KYC norms.

      What is the definition of a beneficial owner under UAE AML law?

      Individual with 25% or more ownership/control.

      Is AML reporting required annually?

      All DNFBPs must file an annual AML/CFT Risk Assessment Report.

      Who must register on the goAML platform? When should an STR be filed?

      All DNFBPs and FIs. Immediately upon detection of suspicion.

      Who is required to file the High-Risk Countries (HRC) on the goAML portal?

      All DNFBPs and FIs.

      What is “tipping off” under Article 15? What are penalties for AML law violations in the UAE?

      Informing the client about prohibited reporting. Fines up to AED 50 million and/or imprisonment.