AMCA Auditing And Business Advisors

Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, has announced that pioneers of humanitarian work in the UAE would be awarded   golden visas . His Highness said, “Aid workers are ambassadors of the UAE and role models instilling pride in us all. Giving is embedded in the fabric of Emirati society and culture, and we aim to be the most vibrant humanitarian destination in the next fifty years.” As an example of the UAE's efforts to lead humanitarian causes, His Highness pointed to the establishment of Dubai International Humanitarian City (IHC) in 2011. IHC, the world's largest humanitarian destination, is a non-profit, independent humanitarian free zone authority that hosts over 80 members, including UN organizations, non-profits and non-government organizations, and commercial companies. The humanitarian work in the UAE has emerged in numerous initiatives since the start of the COVID-19 crisis. Over the past year, the country has organized emergency fl...

The Federal Tax Authority (FTA) of the United Arab Emirates has published two new guides associated with Excise Tax Clearing Companies(TINCEs). What is TINCO? TINCO is a particular reference number that is allocated to cargo forwarders or clearing agents who register with FTA (Federal Tax Authority). FTA affirmed clearing organizations can apply for excise tax clearing company (TINCE) registration by signing in to their existing TINCO account. Therefore, before doing this registration, the company should already be registered with FTA(Federal Tax Authority) as a clearing company (TINCO) Who Should Register? Enrolled Clearing Companies with  TINCO accounts  can use the  TINCE registration  form to apply for suspension of the Excise Tax due on the Excise Commodities that they will import on behalf of importers. During the registration process, the Clearing Company will be needed to give a guaranteed amount to the FTA. On successful registration, the Clearing Company wi...

The goaml registration deadline is 30th April 2021. Register your company on GoAML and avoid the penalties.   UAE’s Ministry of Economy has issued a list of violations and fines for money laundering.  Organizations that disregard to do so will face fines ranging from Dh50,000 to up to Dh1 million, including cancellation of license. A gigantic scope of non-financial business and activities are most exposed to money laundering chances. These have been isolated into four essential classifications 1. Brokers and real estate agents 2. Independent   auditors   and   accountants 3. Dealers of precious metals and gemstones 4. Corporate service providers . Why Register on goAML GoAML registration is required to submit suspicious transaction reports (STRs) to the   goAML system . GoAML is a universally accepted electronic system to assemble and analyze financial and non-financial information to defy money laundering and combat the financing of terrorism We Are Alway...