David Scott
Partner, Credito Legal Advisor
Guide to establishing and maintaining Corporate Registers mandated for all companies by the UAE Ministry of Economy
WEBINAR DETAILS:
Join our webinar to learn and discuss the importance of establishing and maintaining up-to-date Corporate Registers in compliance with Cabinet Decisions CD109 and CD132.
During the webinar, experts from Credito Legal will focus on the latest Cabinet Decisions, reviewing the ongoing and enhanced compliance expectations, particularly for Designated Non-Financial Businesses and Professions (DNFBPs). They will also share insights on contracts, debt recovery and other legal services.
KEY TAKEAWAYS:
- It is a mandatory requirement to have and maintain these registers for all UAE companies whether mainland or free zone. Failure to comply will expose clients to substantial fines.
- Setting up and maintaining the registers has nothing to do with Corporate Tax or VAT.
- Every company where the UBOs/shareholders are not permanent residents must nominate and provide all contact details of a UAE resident for the authorities to contact in the event of a query.
- Company shareholders/UBOs are fully responsible for the accuracy of all the information data provided in the Corporate Registers. RAKEZ will not be responsible if the information provided is found to be incorrect.
- Prepare and fill in all the required information on the Corporate Register template provided in the table below and have it available in the event of an inspection
CORPORATE REGISTER OVERVIEW AND TEMPLATE:
CD109 – English / CD109 – Arabic
CD132 – English / CD132 – Arabic
NEED HELP WITH YOUR CORPORATE REGISTER?
RAKEZ’s preferred partner Credito Legal is available to assist you with the Mandatory CD109/CD132 Compliance package, which includes review, assessment and assimilation of company information, and preparation and compilation of all company records.
GET STARTED NOW!
Contact RAKEZ on + 971 7 2041111 or send an email to mazeed@rakez.com.
Speakers
David has over 40 years of experience in regulated environments, having held senior positions within the banking and insurance industries. Through Credito Legal Advisory, specialising in international business structuring and personal and business wealth and asset protection, he has helped many business owners in the UAE navigate the country’s financial crime prevention legislation and their regulatory responsibilities.
Khurram Mian
Partner Solicitor Advocate, Credito Legal Advisory
Khurram has more than 27 years of post-qualification experience in private practice in the UK and UAE, both at partner and director levels. He has also worked extensively in corporate, commercial and private client services. Currently, he is a Partner at Credito Legal Advisory which specialises incorporate structuring, commercial, private client and regulatory services.
