There will be no difference between conventional employees and remote employees in the crypto Industry. UAE labor law applies to remote crypto teams by requiring them to comply with all traditional employment regulations, such as issuing compliant contracts, ensuring health insurance, obtaining visas and work permits, and paying through the Wage Protection System (WPS). For…
The UAE corporate tax significantly affects businesses’ cryptocurrency-related activities, while personal investments remain untaxed. The application of the tax depends on whether the activity is classified as a commercial enterprise or a personal investment. Businesses engaging in crypto-related activities are subject to the UAE’s federal corporate tax regime. Tax Rate: The standard corporate tax rate is 0% for…
Protecting M&A deals from inherited crypto-related money laundering (ML) risk requires robust cyber due diligence and comprehensive integration of AML compliance. Key strategies involve deep technical assessments and adherence to international regulations, such as those set by the Financial Action Task Force (FATF). Enhanced Due Diligence (EDD): Working beyond the standard financial audits. This includes examining their historical use…
