Compliance

Compliance Services for Businesses in the UAE

Ultimate Beneficial Ownership (UBO) Compliance

At My Mudir, we help businesses identify and accurately disclose the Ultimate Beneficial Owners (UBO) of corporate entities in full compliance with UAE regulatory requirements. UBO disclosure is a critical requirement aimed at ensuring transparency and accountability. Our team provides support throughout the UBO identification process, ensuring all necessary documentation is prepared and submitted to relevant authorities.

Economic Substance Regulations (ESR) Compliance

Economic Substance Regulations (ESR) require companies operating in the UAE to demonstrate substantial economic activities within the region. My Mudir offers a comprehensive ESR compliance service that includes assessing the economic substance of your business activities, preparing required documentation, and submitting reports to regulatory authorities. This ensures that your business meets ESR requirements and avoids potential penalties for non-compliance.

Country-by-Country Reporting (CbC) Compliance

Country-by-country reporting (CbC) mandates multinational corporations to provide a transparent view of their global operations, profits, and tax contributions. Our team assists in the preparation, review, and submission of CbC reports, ensuring compliance with international and UAE reporting standards. We manage the intricate details, ensuring your reports meet the standards for accuracy and timeliness.

Anti-Money Laundering (AML) Compliance

With a growing regulatory focus on Anti-Money Laundering (AML) practices, My Mudir provides in-depth support to ensure your organization complies with UAE’s AML regulations. We help establish and implement comprehensive AML policies, conduct risk assessments, and provide ongoing monitoring to detect and prevent financial crimes. This service includes staff training and policy development to build a robust defense against money laundering and related threats.

Common Reporting Standards (CRS) Compliance

Adherence to the Common Reporting Standards (CRS) is essential for businesses with financial accounts in multiple jurisdictions. CRS compliance facilitates the automatic exchange of financial account information between tax jurisdictions, fostering transparency across borders. Our team at My Mudir assists in aligning your financial reporting processes with CRS requirements, ensuring accurate and timely information exchange.

These compliance services are designed to help businesses navigate the UAE’s complex regulatory landscape, ensuring all reporting and disclosure obligations are met efficiently. My Mudir’s experienced professionals stay updated on evolving compliance standards, so your business remains safeguarded and aligned with both local and international regulatory expectations.