Thursday, February 29, 2024

Emirates News Agency – Dubai Economy fines companies for failing to register beneficial owner data


DUBAI, July 25, 2021 (WAM) – The Department of Trade Compliance and Consumer Protection (CCCB) in the Dubai economy has begun imposing fines on companies in the Emirates for failing to register their data beneficial ownership before June 30, 2021. Law.

The disciplinary action now follows a serious awareness campaign launched in traditional and digital media to educate businesses in Dubai about the importance of registering their beneficial owner data in the business register as per the ruling of the United Arab Emirates Cabinet. The Emirates N (58) of 2020, as well as the tireless efforts of the Dubai economy to establish global best practices in business behavior.

Dubai Economy invites companies registered in Dubai to provide their beneficial ownership data on its eServices page at or call center +97144455555. For more details, companies can contact [email protected] or visit one of the accredited service centers of the Dubai Economy.

Translated by: Mervat Mahmood.

WAM / French

See also  Gulf national jailed for seizing vehicle with fake cheque
Bill Dittman
Bill Dittman
"Freelance alcohol fan. Coffee maven. Musicaholic. Food junkie. Extreme web expert. Communicator."

Share post:


More like this

The Future of Gambling in the UAE: Economic, Legal, and Social Dimensions

The United Arab Emirates (UAE) is on the brink...

Comparing the Best Trading Platforms in the UAE: Features and Benefits

Trading commodities, currency pairs, ETFs, and other investment vehicles...

Evgenia Timofeenko: What does it mean to be an investor in the hotel business?

Investors are always interested in finding effective objects for...

AFC Champions League 2023/24: Last-16 Fixtures, Latest Odds & Preview

The 2023/24 AFC Champions League group stage has been...