Compliance Solutions for your business security
Let Our Compliance Experts Keep Your Business Safe
Compliance, in general, refers to the act of adhering to laws,
regulations, industry standards, and ethical practices
applicable to a particular business or industry. Compliance
plays a crucial role in keeping businesses safe.
Your Partner In Compliance
The aim of compliance is to ensure that an organization functions in a legal, ethical, and responsible manner. The financial services sector in the UAE is regulated by several bodies, including the Central Bank of UAE, the Securities and Commodities Authority, and the Dubai Financial Services Authority. Certain companies in the UAE are required to establish and maintain effective compliance programs that include policies and procedures, risk assessments, and employee training. Compliance programs must be regularly reviewed and updated to ensure ongoing compliance with the changing regulatory landscape. Non-compliance with UAE financial regulations can result in significant legal and reputational risks, including fines, penalties, and loss of business.
Importance Of Compliance For New Businesses
Compliance is crucial for new businesses in the UAE for the following reasons:
Establish The Positive Reputation
Avoid Potential Risks & Liabilities
Operate Ethically, Legally & Responsibly
Our Compliance Services
FATCA/CRS
FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard) are international frameworks implemented in the UAE to promote tax transparency and combat tax evasion.
AML/CFT
If you’re a Financial Institution, DNFBP, or handle large transactions, register for Anti Money Laundering (AML) immediately after getting your Trade License. Ignoring this? Expect fines from AED 500,000 to AED 5M, business suspension, or even criminal charges.
UBO
The Ultimate Beneficial Owner (UBO) is the individual who ultimately owns or controls a company, directly or indirectly, through ownership or other means. Non-compliance can lead to a fine of AED 10,000 to AED 100,000 depending on the severity.
Importance Of Compliance For New Businesses
Compliance is crucial for new businesses in the UAE
for the following reasons:
for the following reasons:
Our Compliance Services
ESR
This is one of many areas of
professional services where our firm is well ahead of the competition.
AML/CFT
People are only as good as the tools they possess. So, to consistently deliver high-quality auditing services.
UBO
We are providing and dealing with all sorts of legal and professional services and matters to operate.
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Happy clients are the best Advert
As a new company in Dubai, we definitely needed accounting as well to comply with local rules and regulations and also international requirements. so CZTA was the perfect choice. I can say without a doubt that their service so far is outstanding, and our representative Muhammad Zubair is responsive and replies very fast to any inquiry. I also met Rasla and she is great.
As a small new business. Creative Zone
has been great to work with in helping us
set up our business. lan Morallos has
been especially great to work with from
day one! Naqash Mahmood is our Account
Manager-he is a pleasure to work with
professional and has100% patience with
all our finance questions! Would highly
recommend Creative Zone Tax & Accounting and their team.
They are handling our finance & tax related matters for over a year now, a very professional qualified team Tanisha Shaheeb is quick and efficient in handling our day-to-day requirements
Rasla Rafeek is our go-to person for any concerns or advice and have seamlessly
handled complicated tasks for us. Great Experience & Support from them since the start of our operations
We're a startup in Dubai with limited knowledge or understanding of the local taxation requirements and
relevant legal/compliance obligations. CZTA has been a godsend and gave us their full attention in ensuring we were compliant with our obligations under very tight timelines. Muhammad Zulfiqar in particular was extremely helpful for us all the way.
Highly recommended, very friendly, knowledgeable, and professional. If you are looking for any accounting and tax services or consultancies in UAE, look no further just give them a call and you will instantly know that you have found your long-lasting partner for your financial and accounting needs. Mr. Mohamed Al Sayed and Creative Zone team were pleasure to work with.
Email or Call Us for a Free 30 mins Consultation
Downtown Office
Office 104-105, Level 1, Emaar Square Building 4,
Sheikh Mohammed Bin Rashid Boulevard,
Downtown Dubai, UAE
Sheikh Mohammed Bin Rashid Boulevard,
Downtown Dubai, UAE
Al Barsha Office
Office 216, Level 2, The Iridium Building,
Umm Suqeim Street, Al Barsha, Dubai, UAE
Umm Suqeim Street, Al Barsha, Dubai, UAE
Call
800CZTAX
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