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UAE Introduces ESG Reporting Requirements for Companies

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  The United Arab Emirates has introduced new Environmental, Social, and Governance ( ESG) reporting requirements , marking a significant shift toward stricter sustainability compliance for businesses operating in the country. The regulatory changes form part of the UAE’s broader strategy to support its Net Zero 2050 initiative and enhance transparency in corporate environmental practices. Under the Federal Decree- Law No. 11 of 2024 on the Reduction of Climate Change Effects , companies across the UAE— including those operating in free zones— are now required to measure, report, and manage greenhouse gas emissions and environmental impacts . The law came into force in May 2025, with full compliance deadlines expected by May 2026. The new framework introduces a Measurement, Reporting, and Verification ( MRV) system , requiring organizations to maintain emissions inventories, submit periodic climate reports, and implement reduction strategies aligned with international standards su...
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Sharjah Introduces Dh1,000 Commercial Start-Up Licence to Empower Entrepreneurs

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  Sharjah has unveiled an ultra-competitive Dh1,000 commercial start-up licence, marking a significant milestone in the emirate’s commitment to strengthening its entrepreneurial ecosystem. This initiative is designed to reduce financial barriers for new business owners while reinforcing Sharjah’s position as a progressive and business-friendly jurisdiction within the United Arab Emirates. The introduction of this low-cost licence creates a practical pathway for startups, freelancers, and early-stage enterprises to formalize their operations with minimal capital outlay. By lowering entry costs, Sharjah is enabling aspiring entrepreneurs to transition from concept to execution more efficiently, particularly in sectors such as technology, sustainability, professional services, education, and digital commerce. This strategic move aligns with the broader economic diversification agenda of the UAE, where small and medium-sized enterprises play a critical role in driving innovation, emp...
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Spotlight: DIFC Reports Near-40% Surge in Company Registrations in 2025

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  In a strategic milestone for the UAE’s business landscape, the Dubai International Financial Centre annual results for 2025 underscore significant momentum in corporate formation at the heart of the Middle East’s premier financial hub. Key takeaways from the 2025 DIFC performance include: • Record growth in new registrations: DIFC reported a 39% year-on-year increase in newly registered companies , adding approximately 2,525 active entities in 2025 — a clear indicator of heightened investor confidence and global demand for a business base in Dubai. • Expansion of active ecosystem: The total number of active companies reached 8,844 , reflecting 28% organic growth compared with 2024, positioning DIFC as a strategic gateway to regional and global markets. • Broad sector participation: The surge was driven by diversified entrants spanning banking, capital markets, insurance, wealth and asset management, FinTech and innovation — with over 1,052 regulated financial firms , includ...
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Ultimate Beneficial Owner (UBO) — Executive & Compliance Brief

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  The Ultimate Beneficial Owner (UBO) is the natural person who ultimately owns, controls, or exercises effective influence over a legal entity , irrespective of how many intermediary entities or arrangements exist in the ownership chain. UBO identification is a non-negotiable regulatory requirement across banking, licensing, tax, and AML frameworks. Why UBO Identification Is Mission-Critical Regulatory Compliance: Mandatory under AML/CFT, FATF, and local regulator rules Bankability: A primary gatekeeper requirement for account opening and maintenance Risk Management: Enables transparency over control, source of wealth, and influence Audit & Enforcement Readiness: Reduces exposure to penalties, account freezes, or de-risking Standard UBO Thresholds (Market Practice) A natural person is typically classified as a UBO if they: Own ≥ 25% of shares or voting rights (directly or indirectly), or Exercise control through agreements, veto rights, or decision-ma...
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Economic Substance Regulations (ESR) — Executive Overview

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  1. Definition and Objective Economic Substance Regulations (ESR) are regulatory frameworks introduced to ensure that entities conducting specified activities demonstrate real economic presence in the jurisdiction where they are incorporated or tax-resident. The core policy intent is to curb profit shifting, base erosion, and the misuse of low-substance structures. 2. Applicability ESR typically applies to licensees/entities carrying out relevant activities , which commonly include: Holding company activities Distribution and service center activities Finance and leasing Headquarters activities Shipping Intellectual property (IP) business Fund management Banking and insurance An entity is assessed annually to determine whether it falls within scope. 3. Economic Substance Test — Core Pillars To be ESR-compliant, an in-scope entity must satisfy all three limbs of the economic substance test: a) Directed and Managed in the Jurisdiction Board meetings hel...
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Company Incorporation Services – Devenir Corporate Services

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Devenir Corporate Services provides a fully integrated, compliance-driven company incorporation solution designed to support efficient market entry and long-term scalability. Our services include: Jurisdiction & Structuring Advisory Strategic assessment of the most suitable jurisdiction, legal structure, and ownership framework aligned with commercial, tax, and regulatory objectives. Entity Formation & Registration End-to-end incorporation support, including name reservation, preparation and filing of constitutional documents, MOA/AOA drafting, and liaison with relevant authorities. Licensing & Regulatory Approvals Trade license procurement, activity classification, free zone or mainland setup, and coordination of sector-specific approvals where required. Shareholding & Corporate Governance Share capital structuring, shareholder agreements, board resolutions, UBO disclosures, and establishment of governance best practices. Registered Office & Ongoin...
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UAE Intensifies Corporate Secretarial Compliance Across Jurisdictions

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  UAE Intensifies Corporate Secretarial Compliance Across Jurisdictions The UAE is reinforcing its corporate governance infrastructure with heightened secretarial-compliance oversight, reflecting an elevated regulatory agenda for companies operating in mainland and free-zone jurisdictions. Regulatory advisories highlight expanded enforcement, new fines and stricter documentation standards — making the “secretarial function” a clear point of business risk. Key Developments Regulations now treat lapses in company secretarial duties — such as maintaining statutory registers, convening board/annual general meetings, filing constitutional changes and minute-keeping — as material compliance issues. Under the revised framework, recurring failures may trigger sanctions including licence suspension and director disqualification. Both mainland companies and free-zone entities are subject to aligning their corporate secretarial processes with local and federal laws. As one professional ad...
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