re think, Author at Rethink

September 29, 2020

by re think in Compliance

A PARADIM SHIFT FOR REGULATORS – FINTECH AND TECH STARTUPS IN THE UAE & ISRAEL

In recent years, the UAE and Israel have become leading hubs for innovation and technology – both actively championing the development of financial technology (fintech) and disruptive technological innovations within each of its regions. The UAE has established itself as the largest fintech hub for start-ups in the Middle East region, which is in line […]

September 28, 2020

by re think in Industry News

More funds for Dubai SMEs – Emiratis can obtain financing up to Dh420,000, backed by 50 per cent capital guarantee

Small and medium enterprises in Dubai that are fully-owned and managed by Emiratis can now obtain financing of up to Dh1 million backed by a 100 per cent capital guarantee and financed by Dubai SME’s financial arm, the Mohammed bin Rashid Fund. Dubai SME, the agency of Dubai Economy mandated to develop the SME sector, […]

September 27, 2020

by re think in Compliance

FATF ISSUES REPORT ON VIRTUAL ASSETS RED FLAGS INDICATORS

Key Highlights FATF report includes multiple red flags – to name just a few: use of mixers & tumblers and anonymous or private coins; cross-border transport of decentralized, hardware or paper-based wallets; users with DNS or proxies suppressing domain names; links to unregulated exchanges, darknet, stolen wallets and known criminal users; unrelated wallets controlled from […]

September 24, 2020

by re think in Compliance

PROPOSED ELECTRONIC TRANSACTIONS REGULATIONS IN ADGM

INTRODUCTION In a quest to regulate electronic dealings in today’s technological environment, on 15 September 2020, the Financial Services Regulatory Authority (FSRA), the financial services regulator in Abu Dhabi Global Markets (ADGM), issued a Consultation Paper on Electronic Transactions Regulations. The Paper proposes to introduce regulations to facilitate electronic transactions, electronic records and electronic signatures. […]

September 17, 2020

by re think in TAX

FTA’s second Business Bulletin – Higher Education Sector

The second Business Bulletin for the region’s taxpayers has been released by the FTA this week. Each publication of these Bulletins is expected to explain the tax treatment in a specific sector, with practical scenarios and examples. As the Bulletins are issued as an infographic and written in a summarized format, thus reaching a larger […]

September 14, 2020

by re think in Economic Substance Regulation(ESR)

UAE Economic Substance Regulation Update:

Issuance of Cabinet of Ministers Resolution No. 57 of 2020 and Ministerial Decision 100 of 2020 – In-depth review On 10th and 19th August 2020 respectively, the Ministry of Finance issued Resolution No. 57 of 2020 (“Resolution”) and Ministerial Decision No. 100 of 2020 (“Ministerial Decision”) on Economic Substance Regulations [ESR]. The Resolution repeals (i) […]

September 12, 2020

by re think in TAX

UAE VAT Update – Refund for UAE Nationals Building New Residences

The Federal Tax Authority (FTA) has released the latest version of the Guide on Refund for UAE Nationals Building New Residences. How does the New Residences Refund Request work? The UAE VAT Law allows UAE Nationals to request a special refund from the FTA for the VAT incurred on certain expenses related to the construction […]

September 2, 2020

by re think in Podcast

Outsourcing Series: Accounting & VAT

August 24, 2020

by re think in TAX

UAE VAT Updates – VAT Application for E-Commerce

In the light of COVID 19 circumstances, businesses have embraced the opportunity of supplying through online websites and applications. With this sudden increase, it is pivotal for the businesses to understand the impact of UAE VAT on their business activities. In addressing the general questions one would have, the FTA released a detailed guide explaining […]

August 16, 2020

by re think in Virtual CFO Services

SERIES 3 – Practical Guides to Operating as a v-CFO

Adding Value with Effective Financial Reporting Introduction For any business to be successful the management team needs access to accurate insights into the business. The management and the business owner will need to spot problems when they first emerge, recognise threats, see what is working and look for emerging opportunities. When a business owner understands […]

All posts by: re think

A PARADIM SHIFT FOR REGULATORS – FINTECH AND TECH STARTUPS IN THE UAE & ISRAEL

More funds for Dubai SMEs – Emiratis can obtain financing up to Dh420,000, backed by 50 per cent capital guarantee

FATF ISSUES REPORT ON VIRTUAL ASSETS RED FLAGS INDICATORS

PROPOSED ELECTRONIC TRANSACTIONS REGULATIONS IN ADGM

FTA’s second Business Bulletin – Higher Education Sector

UAE Economic Substance Regulation Update:

UAE VAT Update – Refund for UAE Nationals Building New Residences

Outsourcing Series: Accounting & VAT

UAE VAT Updates – VAT Application for E-Commerce

SERIES 3 – Practical Guides to Operating as a v-CFO

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