TLP Advisors

📢 UAE's Addition to the Corporate Tax Law The UAE Ministry of Finance has recently announced the implementation of the Domestic Minimum Top-up Tax (DMTT), which will be effective from 1 January 2025. This new tax is aimed at large multinational enterprises (MNEs) generating global revenues of €750 million or more, applying a 15% tax on their total annual global profits. 🔑 Key Takeaways: 1. The DMTT aligns with global standards set by the OECD/G20 BEPS 2.0 initiative, targeting tax avoidance and ensuring fair competition. 2. While MNEs will see an increase in their tax obligations, SMEs are not directly impacted by this new tax, thanks to the threshold set. 3. This development strengthens the UAE's reputation as a compliant and transparent business hub, potentially opening doors for SMEs to collaborate with global entities and attract more foreign investments. 4. Under the current tax regime, SMEs benefiting from the “small business relief” will continue to operate with simplified compliance requirements. 5. The DMTT represents a significant milestone in the UAE’s commitment to global tax transparency and fairness, reinforcing the UAE’s role as a preferred jurisdiction for business. 6. Crypto companies need to adopt a strong system of internal accounting and governance to continue to operate properly and within the bounds of applicable laws and regulations. For more details, read the full article prepared by TLP Advisors Soham Jethani, Pankhuri Malhotra and Hena Ayisha https://lnkd.in/dSB792PF and stay informed on the latest developments in the UAE! #UAE #CorporateTax #DMTT #GlobalTaxStandards #SMEs #BusinessGrowth #LegalUpdate

Congratulations to the amazing team for this achievement! Filippo Buzzi We’re thrilled to see this licence come to fruition!

📢 AE Coin Receives Full Regulatory Approval in the UAE! AE Coin, the first dirham-pegged stablecoin, has received full regulatory approval from the Central Bank of the UAE , marking a key milestone in the UAE's digital finance ecosystem. Fully backed by AED reserves, AE Coin ensures price stability and compliance with the CBUAE’s updated regulations for AED-backed stablecoins. At TLP Advisors, we are at the forefront of these regulatory changes and have been closely involved in assisting clients navigate the CBUAE’s regulatory framework for stablecoins. 📖 Read the full article here https://lnkd.in/dQSRtd38 to learn more about AE Coin’s approval and what it means for the UAE’s crypto ecosystem! The article is written by TLP Advisors' Soham Jethani, Pankhuri Malhotra, and Abhay Raj, who offer their insights into this significant legal development. #Crypto #Blockchain #DigitalAssets #Stablecoin #UAERegulations #PaymentToken #RegulatoryCompliance #Fintech #Web3  

Congrats to the XDC team - very happy to see all the hard work pay off!

🚀 ADGM Paves the Way for Stablecoin Issuances 🚀 The Abu Dhabi Global Market has introduced transformative amendments to its Financial Services and Markets Regulations, marking a significant milestone in the regulation of Fiat-Referenced Tokens, commonly known as stablecoins. Our latest article by TLP Advisors Soham Jethani, Pankhuri Malhotra and Areeb Ahmad dives deep into the amendment by the FSRA and its impact. This regulatory shift opens up exciting opportunities for businesses and industry founders to be regulated for stablecoin issuance in a well-renowned jurisdiction. 🌍 To learn how ADGM's new stablecoin regulations can benefit your business and the requirements for the licence, check out the full article here. https://lnkd.in/dmMVJnn7 #Stablecoins #ADGM #DigitalAssets #FinancialRegulations #Blockchain #Innovation #Fintech #Regulation #Cryptocurrency

Thrilled to have been part of an exclusive Key Opinion Leader lunch hosted by Circle during Abu Dhabi Finance Week! Soham Jethani, Pankhuri Malhotra, and Harshil Agarwal from TLP Advisors engaged with industry leaders and innovators as Circle announced its incorporation in the ADGM and a partnership with LuLu Financial Holdings. This marks a significant step forward in leveraging USDC for cross-border payments and unlocking new corridors of financial accessibility across the MENA region. As we continue to provide regulatory and legal support in the rapidly evolving Web3 and fintech ecosystem, it’s exciting to witness firsthand how stablecoins and blockchain solutions are reshaping global financial infrastructures. Learn more about how TLP Advisors can help guide your business through these transformative times: www.techlawpolicy.com

📢 TLP Advisors at Bitcoin MENA 2024 We are proud to attend the inaugural Bitcoin MENA event in Abu Dhabi, UAE, alongside our distinguished partners, including the Abu Dhabi Blockchain Centre. This exciting event brought together top-tier blockchain and cryptocurrency companies such as Bybit, Binance, M2, and HTX, showcasing the rapid evolution of the industry. Our associate, Pooja Unnikrishnan, represented TLP Advisors on Day 1 of the two-day event, connecting with industry leaders and gaining insights into the future of blockchain technology. The conference also featured prominent figures, including His Excellency Sheikh Nahayan Mabarak Al Nahyan, former Minister of Tolerance and Coexistence, emphasising the growing significance of blockchain innovation in the MENA region. At TLP, we are proud to serve as a trusted legal and regulatory partner to companies navigating this transformative space. We continue to provide expert guidance to businesses driving innovation in Web3 and fintech, ensuring compliance and fostering growth in a rapidly changing landscape. For more information on how we can help your business thrive in the blockchain ecosystem, please do reach out!

Excited to see this deal come to fruition!

TLP Advisors was proud to attend India Blockchain Week 2024, one of the premier blockchain events globally, held from 2 to 6 December in Bangalore, India. Our colleague Areeb Ahmad represented us. The week-long conference showcased cutting-edge innovations and insights from various industry leaders, including Avalanche, Polygon, and more. It provided a valuable platform to connect with industry stakeholders, explore advancements in blockchain and fintech, and discuss their applications across diverse sectors. Our participation reaffirmed our commitment to guiding web3, fintech, and AI businesses through complex regulatory landscapes. As the blockchain ecosystem continues to evolve, we remain dedicated to supporting innovation with cutting-edge legal and strategic advisory. #IndiaBlockchainWeek #Blockchain #Web3 #Fintech #TLPAdvisors #LegalAdvisory

📢 Important Legal Update: US Court Addresses Legal Risks for DAOs In a landmark ruling, a US District Court has ruled that Lido DAO, a leading Ethereum-based staking protocol, could be classified as a general partnership under California law. This decision comes amidst a lawsuit from investor Andrew Samuels, highlighting the legal risks DAO participants face, even within decentralised frameworks. 🔑 While the ruling is not final, it raises important questions: Does this signal the beginning of stricter accountability for DAOs? Could other jurisdictions follow suit, or will we see frameworks to legitimise DAOs without stifling innovation? Ultimately, we discuss how UAE presents itself as a preferred forum for incorporation of DAOs. The article is written by TLP Advisors' Soham Jethani, Pankhuri Malhotra, Hena Ayisha, Abhay Raj, and TANVI NIMJE, who offer their expert insights into this significant legal development. 📖 Read the full article here https://lnkd.in/dxunbCxN and stay ahead of the curve on the latest crypto trends! #Crypto #Court #LegalUpdates #CryptoRegulation #Blockchain #Cryptocurrency #DigitalAssets #DAO #UAERegs