Our Office:
Proxima Eight FZE LLC
23rd Floor, Anantara Downtown Business Tower, Business Bay, Dubai - UAE
Proxima Eight FZE LLC
23rd Floor, Anantara Downtown Business Tower, Business Bay, Dubai - UAE
Mandatory Compliance Services
Ensure Full Compliance with UAE Business Regulations
Mandatory Compliance Services
Ensure Full Compliance with UAE Business Regulations
Our dedicated compliance team will help you navigate the UAE’s regulatory landscape, including Ultimate Beneficial Ownership (UBO) registration and goAML reporting requirements.
Our Mandatory Compliance Services
goAML Compliance
goAML registration is mandatory for Designated Non-Financial Businesses and Professions (DNFBPs) in the UAE to help combat money laundering and terrorism financing.
We assist you with:
We assist you with:
- Registering your business on the goAML platform
- Configuring internal reporting procedures
- Ensuring timely and accurate Suspicious Activity Reports (SARs)
- Maintaining full compliance with the UAE’s anti-financial crime framework
UBO (Ultimate Beneficial Owner) Declaration
All UAE mainland and free zone companies are required to declare their Ultimate Beneficial Owners to promote business transparency. Exemptions apply to entities licensed in certain jurisdictions or owned by government bodies.
Our services include:
Our services include:
- Identifying and documenting UBOs
- Preparing and submitting the required UBO declarations
- Ensuring ongoing compliance with Cabinet Resolution No. 58 of 2020
AML/CFT Policy & Framework Development
We develop comprehensive AML/CFT policies tailored to your specific business activities and risk profile. This includes drafting AML manuals, KYC onboarding procedures, transaction monitoring flows, and internal escalation protocols — all aligned with UAE Central Bank guidelines and FATF standards. We ensure your frameworks are not only compliant but practical and easy to implement.
Regulatory Licensing Assistance
Our team guides you through the end-to-end licensing process for VARA, ADGM, DMCC, and key international jurisdictions. From documentation and business model alignment to regulator interaction and submission handling, we ensure your licensing package is complete, compliant, and strategically positioned to pass regulatory review with confidence and efficiency.
Banking & Payment Structuring
We help your business establish reliable and regulator-friendly banking relationships in the UAE and abroad — including crypto-friendly institutions. Our services cover bank account opening, PSP integration, payment flow setup, and risk mitigation strategies. We ensure your payment infrastructure meets local compliance expectations and supports global scalability.
Internal Audit & Compliance Reviews
We conduct detailed internal audits and regulatory health checks to evaluate your current state of compliance. This includes reviewing internal documents, controls, reporting procedures, and operational processes. Based on our findings, we provide actionable insights and remediation plans to help you align with UAE regulations and international best practices.
Compliance Officer Recruitment
We assist in sourcing, vetting, and onboarding qualified compliance officers who meet local regulatory expectations. Whether you need an interim expert or a full-time resource, we provide support with role definition, compliance training, reporting structure, and transition planning to ensure your compliance function is sustainable and effective.
Project-Based Regulatory Management
We manage complex, multi-phase compliance implementation projects from start to finish. This includes creating timelines, defining task owners, establishing communication flows, and ensuring full delivery across documentation, systems, and internal policies. Ideal for companies entering regulated markets or adapting to new laws.
Regulatory Risk Advisory & Resolution
When urgent issues arise — from frozen bank accounts and rejected licenses to unexpected regulator requests — we step in with speed and clarity. Our team assesses the situation, formulates a resolution strategy, and communicates directly with regulators or banking partners to mitigate risks, resolve blocks, and protect your operations and reputation.
A Guide to VAT Compliance in Dubai and the UAE
Understanding VAT: What Businesses in the UAE Must Know
The UAE remains one of the most tax-friendly jurisdictions in the world — there’s no personal income tax, and corporate tax is only applied in specific cases. However, since January 1, 2018, businesses operating in the UAE have been required to comply with Value Added Tax (VAT) regulations introduced by the Federal Tax Authority (FTA).
VAT is a 5% consumption-based tax that applies to most goods and services sold in the UAE. Whether you're operating in retail, hospitality, logistics, or tech, chances are your business falls under the scope of VAT. Understanding your obligations and registering correctly is essential to avoid penalties and stay compliant.
Why Entrepreneurs Choose Dubai Despite VAT
Despite the introduction of VAT, Dubai continues to attract global entrepreneurs thanks to its:
→ 0% personal income tax
→ No customs duties in free zones
→ 100% repatriation of profits
→ Strong legal and banking infrastructure
→ Government incentives for startups
In short, while VAT adds a regulatory layer, the UAE remains one of the most efficient jurisdictions for doing business.
What Is VAT and How Does It Work?
Value Added Tax (VAT) is a tax on consumption, levied at every stage of the supply chain where value is added. Businesses collect VAT on behalf of the government and remit it through quarterly or monthly returns. In the UAE, the standard rate is 5%, with some services either zero-rated or exempt depending on their nature.
Key Concepts for VAT in the UAE
→ Mandatory VAT Registration is required for businesses with annual taxable supplies of AED 375,000 or more.
→ Voluntary Registration is allowed at AED 187,500, which is often beneficial for startups.
→ Zero-rated supplies include exports, international transportation, and new residential properties within three years of completion.
→ Exempt supplies include financial services, residential rent, and local public transport.
Filing VAT Returns
All VAT-registered businesses must file VAT returns and pay any owed tax within 28 days after the end of each tax period. Failing to file or pay on time can result in significant penalties — starting from AED 1,000 for a late return and increasing to 300% of the unpaid VAT in cases of extended non-compliance.
Recovering VAT (Input Tax Credit)
If you're VAT-registered, you can reclaim VAT paid on eligible business expenses — known as input tax. This mechanism ensures that VAT is ultimately borne by the final consumer, not businesses within the supply chain.
VAT Registration Process
To register, businesses must:
→ Create an account on the FTA e-services portal
→ Submit business and financial information
→ Receive a Tax Registration Number (TRN) upon approval
Our consultants can guide you through the process from start to finish — ensuring you meet all documentation and compliance requirements.
Understanding VAT: What Businesses in the UAE Must Know
The UAE remains one of the most tax-friendly jurisdictions in the world — there’s no personal income tax, and corporate tax is only applied in specific cases. However, since January 1, 2018, businesses operating in the UAE have been required to comply with Value Added Tax (VAT) regulations introduced by the Federal Tax Authority (FTA).
VAT is a 5% consumption-based tax that applies to most goods and services sold in the UAE. Whether you're operating in retail, hospitality, logistics, or tech, chances are your business falls under the scope of VAT. Understanding your obligations and registering correctly is essential to avoid penalties and stay compliant.
Why Entrepreneurs Choose Dubai Despite VAT
Despite the introduction of VAT, Dubai continues to attract global entrepreneurs thanks to its:
→ 0% personal income tax
→ No customs duties in free zones
→ 100% repatriation of profits
→ Strong legal and banking infrastructure
→ Government incentives for startups
In short, while VAT adds a regulatory layer, the UAE remains one of the most efficient jurisdictions for doing business.
What Is VAT and How Does It Work?
Value Added Tax (VAT) is a tax on consumption, levied at every stage of the supply chain where value is added. Businesses collect VAT on behalf of the government and remit it through quarterly or monthly returns. In the UAE, the standard rate is 5%, with some services either zero-rated or exempt depending on their nature.
Key Concepts for VAT in the UAE
→ Mandatory VAT Registration is required for businesses with annual taxable supplies of AED 375,000 or more.
→ Voluntary Registration is allowed at AED 187,500, which is often beneficial for startups.
→ Zero-rated supplies include exports, international transportation, and new residential properties within three years of completion.
→ Exempt supplies include financial services, residential rent, and local public transport.
Filing VAT Returns
All VAT-registered businesses must file VAT returns and pay any owed tax within 28 days after the end of each tax period. Failing to file or pay on time can result in significant penalties — starting from AED 1,000 for a late return and increasing to 300% of the unpaid VAT in cases of extended non-compliance.
Recovering VAT (Input Tax Credit)
If you're VAT-registered, you can reclaim VAT paid on eligible business expenses — known as input tax. This mechanism ensures that VAT is ultimately borne by the final consumer, not businesses within the supply chain.
VAT Registration Process
To register, businesses must:
→ Create an account on the FTA e-services portal
→ Submit business and financial information
→ Receive a Tax Registration Number (TRN) upon approval
Our consultants can guide you through the process from start to finish — ensuring you meet all documentation and compliance requirements.
Ready to Register for VAT or Need Expert Help?
We provide end-to-end VAT services — from eligibility assessment and registration to ongoing compliance, filing, and audit support. Whether you’re just launching in Dubai or already operating in the UAE, our experts ensure that VAT won’t slow you down. Use our business cost calculator today.
Get Business Compliance Services Today
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