Compliance
UBO compliance
A UBO or Ultimate Beneficial Owner is the person that is the ultimate beneficiary when an institution initiates a transaction. Ultimate Beneficial Owner (UBO) legislation has been put into place to give banks and corporates clarity on who they’re doing business with.
We can take care of all of your UBO compliance tasks, and we can do it anywhere. Our in-house experts in global governance and corporate secretarial administration use our own robust UBO services framework to collect, store, maintain and register the information needed to meet the particular legal requirements of any number of individual jurisdictions.
Gpaduae is one of the leading Audit firms in Dubai / Abu Dhabi / Sharjah / Ras Al Khaimah /Ajman in UAE & across Middle East.
Our firm is well equipped and well experienced in Statutory Audit and we perform it
By combining the use of human intellect and technology, our objective is to provide the management with business insights in a concise manner so as to better manage their key performance indicators and add value to the businesses.
Although, having your annual financial statements statutorily audited as per IFRS in UAE may not be mandatory, Federal Law No (2) of 2015 on Commercial Companies in the UAE and some of the Free Zones in UAE require Companies to have their accounts audited as per IFRSs. Furthermore, with the everchanging global regulatory landscape and the introduction of VAT in UAE effective from 1 January 2018, we strongly advice our clients to have their books of accounts audited as per IFRS.