IFRS 9 Financial Instruments

Interestingly, the original effective date of IFRS 9 Financial Instruments was 1 January 2013 and later amended to 1 January 2015. In 2014, the International Accounting Standards Board (“IASB”) announced another delay in the implementation of IFRS 9 to 1 January 2018 thus further increasing...

Doing Business in the United Arab Emirates

With the business environment changing frequently in the United Arab Emirates, the purpose of this guide is to provide an overview of the history of the United Arab Emirates and the operating environment, primarily from a business perspective. This guide also covers the various legal...

Setting Up an Offshore Investment Holding Company in the UAE

For investors and companies seeking a holding company with offshore status, the offshore company jurisdictions at the Jebel Ali Free Zone and the Ras Al Khaimah Free Zone offer a compelling case to consider and this guide introduces the benefits and requirements of each type...

IFRS 15 Revenue from Contracts with Customers

As the designated replacement of IAS 11 and IAS 18, IFRS 15 Revenue from Contracts with Customers will soon become the main revenue recognition standard of International Financial Reporting Standards (“IFRS”). Companies following IFRS in the United Arab Emirates will need to careful consider any...