News developments
Abu Dhabi: New Regulatory Framework Unveiled for Professional Service Providers
Abu Dhabi’s financial district has implemented new comprehensive regulations governing legal, tax and company service providers, introducing stricter controls and professional standards effective immediately.
The Registration Authority has issued two key regulatory documents: the Commercial Licensing Regulations (Conditions of Licence and Branch Registration) Rules 2025 and the Commercial Licensing Regulations (Controlled Activities) Rules 2025, which replace the existing framework.
Under the new regulations, legal service providers must now appoint a managing partner with a minimum of eight years post-qualification experience. They are required to maintain a registered office in the financial district, obtain professional indemnity insurance, and submit annual returns to the Registration Authority.
The framework introduces tax services as a new controlled activity, requiring firms to ensure that at least 50 per cent of their senior management consists of qualified professionals. These providers must also secure professional indemnity insurance and adhere to specific operational principles.
Additional measures require company service providers to implement formal policies and procedures for managing conflicts of interest, marking a significant enhancement to governance standards.
The regulations take immediate effect for new applicants, while existing licence holders will benefit from transitional periods to ensure compliance with the updated requirements. This regulatory update represents the most substantial enhancement to professional service provider oversight in the financial district to date.
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