At POWER OF TWO, we believe that the proper structuring of a business is the key to its long-term success. When advising on corporate structuring, we consider the client’s business and tax goals, investment criteria, and any potential risk assessments.
As we thoroughly analyze the appropriate form of the entity through which a client should conduct business in UAE to maximize the value of owned assets, our clients who request our advice in this area range from start-up companies to sophisticated investors, family offices, and multinational corporations.
A deep understanding of our client’s businesses and industries is our counsel's core. We represent clients of all sizes, types, and industries in every aspect of setup, mergers, acquisitions, reorganizations, recapitalizations, spinoffs, redomiciling & other corporate amendments implementation including liquidation of organizations of any type of structural complexity.
POWER OF TWO intends to minimize internal pressure by maintaining all local procedures in good standing so our clients can focus on their core operations and business targets.

A business bank account plays a key role in growing any business as it makes easier to keep track of business expenses, simplify tax reporting, and deposit payments whenever required.
The same applies to companies registered in UAE. Consequently, once the entity is licensed, the next step will obviously be choosing a bank that matches the requirements of a business the best.
Let us remind that the choice of a bank can lead to losing assets overnight or protecting them for generations to come. Luckily, the UAE economy is one of the most stable in the world and has not been involved in any conflicts for decades. Having the second-largest economy in the Arab world, the country is renowned for its secure and fast-developing banking sector. The UAE Banking Sector includes more than 50 banking institutions to choose from and each of them offers irresistible benefits to local and foreign investors.
Here, at POWER OF TWO, we proudly consider ourselves as the firm possessing the best expertise in assisting businesses of any size not only to open their business bank accounts with the UAE banks but also to maintain the accounts in a good standing.
In case you have already chosen the bank of interest or need an expert advice on what bank suits your business needs the best, please reach us and we shall guide you professionally!

UAE residence visa is a permit that allows foreign people to live in the UAE for a long period. The UAE residence visa can be valid for 2-3 or even 10 years and may be renewed as many times as a person needs.
In conjunction with enabling individuals to live in UAE, the UAE residence visa entitles its holders to open bank accounts in secure UAE banks, benefit from the tax-free regime, and access quality health, education and hospitality services.
At POWER OF TWO, we understand how important and sensitive residence planning can be for our clients and their families. Therefore, we strive to make the process of obtaining the UAE residence visa fast and as stress-free as possible.

Money laundering is defined as any financial or banking transaction aimed at concealing or changing the identity of illegally obtained funds by passing them through the financial and banking system in order to make them appear as originating from legitimate sources, and then re-pumping and investing them in a legal manner contrary to their real nature.
As a committed member, UAE contributes to global anti-money laundering efforts and combating the financing of terrorism (AML/CFT) and strives to fully implement the standards set by the International Financial Action Task Force (FATF).
Accordingly Federal Decree-Law No. (20) of 2018 on Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations, and its Implementation Regulation (AML Regulations) was issued in the UAE. Additionally, Cabinet Decision No. 10 of 2019, Concerning the Implementing Regulation of Decree-Law No. 20 of 2018 on Anti-money Laundering has been adopted, along with the AML registration guide. According to the AML Regulations, the Ministry of Economy (MoE) is the supervisory authority entrusted with the supervision of the ‘Designated Non-financial Businesses and Professions’ (DNFBPs) sector at the state level and commercial free zones with regard to AML/CFT.
All the DNFBPs in the United Arab Emirates are required to submit various types of informational reports, such as suspicious transaction reports (STRs), electronically to the UAE Financial Intelligence Department using the “goAML” portal. Developed by the United Nations Office on Drugs and Crime (UNODC), “goAML” is intended for use by financial intelligence units as a means for gathering regulatory reporting information, and for allowing reporting entities and law enforcement authorities to analyze and share information that can help identify criminal activity quickly, securely, and confidentially.
As the administrative penalties relating to non-compliance by DNFBPs range from AED 50,000 up to AED 5 million and might lead to a business license and reputational loss, we recommend determining whether your business is considered as a DNFBP and if yes, to register in “goAML” accordingly.
Should you require further information on the UAE AML Regulations, please reach us and we shall advise on your specific situation.

Accounting and bookkeeping are fundamental requirements for every business, large or small. It is
crucial to maintain accurate and timely financial data to be able to monitor the company’s
performance and make appropriate operational and strategical business decisions.
At POWER OF TWO, we believe that there is nothing more important than management of finances and accounts for our clients. We offer a professionalized approach to traditional bookkeeping practices and accounting services, periodic financial statements, cash flows and reconciliations to clients willing to have us as in-house accounting partner.
Having experience in managing accounts for clients from various industries including retail, logistics,
distribution, manufacturing, international trade, hospitality and many more, we implement our
services in compliance to the highest international standards to ensure accurate results. Whether
our clients need our accounting & bookkeeping services daily, weekly, monthly, or on a month-to-month basis, we strive to offer customized service packages that fulfil clients’ needs the best.
As dedicated accounting partner, we ensure that financial data is managed in compliance to
Generally Accepted Accounting Principles (GAAP) and International Accounting Standards (IAS).

Our Corporate Services Division supports our clients by offering dedicated corporate secretarial services including but not limited to

• assistance with a new company registration in UAE;
• corporate restructuring, redomiciling and deregistration;
• maintenance and renewals of licenses, permits and residence visas, including timely informing on due dates and deadlines;
• Regulatory and compliance services including conformity with Common Reporting Standards (CRS), Foreign Account Tax Compliance Act (FATCA), and Know Your Customer (KYC) obligations;
• liaising with government authorities, banks, lawyers, commercial offices and agents as applicable.