FTA APPROVED (TAN: 30002463)
Alliance Prime, we understand that regulatory compliance is not just a requirement—it’s a vital aspect of building a trustworthy and sustainable business. With increasing scrutiny from authorities and evolving legal frameworks, businesses in the UAE must ensure they are fully compliant with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations.
Businesses in the UAE must ensure they are fully compliant with Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations.
Our AML & Compliance services are designed to help you mitigate risks, avoid penalties, and establish a culture of compliance across your operations.
Evaluate your exposure to money laundering risks with tailored assessments at Alliance Prime.
Evaluate your exposure to money laundering risks with tailored assessments.
Draft and implement customized AML/CFT policies and procedures suited to your business model.
Draft and implement customized AML/CFT policies and procedures suited to your business model.
Assistance in setting up robust Know Your Customer (KYC) protocols and customer onboarding procedures.
Equip your staff with the knowledge and tools to detect and prevent financial crimes.
Ensure your transactions are monitored, and suspicious activity reports (SARs) are filed as required.
Support with goal registration and updates, and assistance in responding to FTA or FIU inquiries.
UAE Corporate tax rates are set at 0% for taxable income up to AED 375,000 and 9% for taxable income exceeding AED 375,000. For example, if your company’s taxable income is AED 500,000, you pay 0% tax on AED 375,000 and 9% tax on the remaining AED 125,000, resulting in a total corporate tax of AED 11,250.
Additionally, specific criteria aligned with “Pillar Two” of the OECD BEPS project indicate a 15% tax rate for large multinational corporations with consolidated global revenue exceeding EUR 750 million (equivalent to AED 3.15 billion). This rate aligns with the global minimum effective tax rate under “Pillar Two.”
The due date for filing the corporate tax return has not been specified yet.
Corporate tax will be effective across all emirates for financial years starting on or after June 1st, 2023. Entities with financial years starting on July 1st and ending on June 30th will be subject to corporate tax from July 1st, 2023, onwards. Similarly, entities with a calendar financial year, from January 1st to December 31st, will be subject to corporate tax from January 1st, 2024, onwards.
While the due date for filing corporate tax returns has not been specified yet, our team of CT experts is here to help you navigate these changes and ensure your business thrives in the evolving tax landscape of the UAE.
