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float:right;" > </div> <p> The United Arab Emirates is the most complex country for corporate compliance officers and lawyers to navigate, while Ireland is the least complicated, according to a new report by TMF Group a global investment business service provider.</p> <p> <strong>Many changes for UAE</strong></p> <p> The United Arab Emirates has the most complex compliance regime of any country in the world. By contrast, Ireland is the simplest country in corporate compliance terms. It is followed by its Middle Eastern neighbour Qatar, then China and Argentina. By contrast, Ireland is the simplest country in the world in corporate compliance terms, followed by Denmark and Cura&ccedil;ao. The Compliance Complexity Index examined the difficulty of adhering to business regulations across 84 countries. It includes areas such as the ease of setting up a company; the information firms must report to local authorities; and the relative difficulty of complying with national legislation locally. The UAE is the most complex location for corporate compliance departments partly because a recent introduction of VAT has created a wider array of compliance changes that businesses must adjust to. It has also begun to implement two international regulatory programmes, the Common Reporting Standard (CRS) and Know Your Client (KYC), both of which cause short-term spikes in complexity for businesses operating in it. By contrast, Ireland&rsquo;s regulatory system has been comparatively stable in recent years and provides relatively little challenges for business people or legal teams.</p> <p> <strong>Nerve wracking</strong></p> <p> Leila Szwarc, Global head of compliance and Strategic Regulatory Services at TMF Group, said &lsquo;in recent years international corporate compliance has become both more transparent and more complicated, costly and nerve wracking for global players, all in the aim of levelling the international playing field. A large number of new international regulations have been implemented across the globe, which in general promote visibility but the way and speed in which they are implemented differs from country to country, meaning the overall complexity picture is far from uniform.&rsquo; The full report can be downloaded <a href="http://tmf-group.com/CCI2018"><strong>here</strong></a>.</p> <div class="bottom-overlay-box" style="width:190px; background:none !important;"> <form action="/subscribe/email-updates/" method="post"> <button class="btn signup-btn" type="submit" > Sign up for daily email updates </button> </form> </div> </div> </div><!-- article-copy --> <div class="sub-container-left" style="margin:0px 5px;"> <div id="article-editors-pick" > <h2 style="padding:4px 0px;">Editor's picks</h2> <div class="gl-underline-lite" id="editors-pick-list"> <a href="/management-speak/tesco-the-sfo-and-lady-justice---the-rational-choice-1004256/"><p id="Strapline"> NO CHANGE</p></a> <a 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HTTPReferer [empty string]
Mailto siva@globallegalpost.com
Message Unable to read the source URL.
QueryString [empty string]
RemoteAddress 54.163.42.154
RootCause
struct
Detail No buffer space available (maximum connections reached?): connect
Message Unable to read the source URL.
StackTrace coldfusion.syndication.FeedReader$UnableToReadSourceURLException: Unable to read the source URL. at coldfusion.syndication.FeedReader.readFeed(FeedReader.java:122) at coldfusion.syndication.FeedReader.<init>(FeedReader.java:94) at coldfusion.tagext.io.FeedTag.doStartTag(FeedTag.java:92) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cffooter2ecfm526819990.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm:269) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cfshow2darticle2ecfm269784887.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-article.cfm:348) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cfindex2ecfm772274901.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\corporate-counsel\uae-tops-list-of-compliance-complexity-while-ireland-is-simplest-24943790\index.cfm:15) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.filter.CfincludeFilter.invoke(CfincludeFilter.java:65) at coldfusion.filter.ApplicationFilter.invoke(ApplicationFilter.java:381) at coldfusion.filter.RequestMonitorFilter.invoke(RequestMonitorFilter.java:48) at coldfusion.filter.MonitoringFilter.invoke(MonitoringFilter.java:40) at coldfusion.filter.PathFilter.invoke(PathFilter.java:94) at coldfusion.filter.ExceptionFilter.invoke(ExceptionFilter.java:70) at coldfusion.filter.ClientScopePersistenceFilter.invoke(ClientScopePersistenceFilter.java:28) at coldfusion.filter.BrowserFilter.invoke(BrowserFilter.java:38) at coldfusion.filter.NoCacheFilter.invoke(NoCacheFilter.java:46) at coldfusion.filter.GlobalsFilter.invoke(GlobalsFilter.java:38) at coldfusion.filter.DatasourceFilter.invoke(DatasourceFilter.java:22) at coldfusion.filter.CachingFilter.invoke(CachingFilter.java:62) at coldfusion.CfmServlet.service(CfmServlet.java:200) at coldfusion.bootstrap.BootstrapServlet.service(BootstrapServlet.java:89) at jrun.servlet.FilterChain.doFilter(FilterChain.java:86) at coldfusion.monitor.event.MonitoringServletFilter.doFilter(MonitoringServletFilter.java:42) at coldfusion.bootstrap.BootstrapFilter.doFilter(BootstrapFilter.java:46) at jrun.servlet.FilterChain.doFilter(FilterChain.java:94) at jrun.servlet.FilterChain.service(FilterChain.java:101) at jrun.servlet.ServletInvoker.invoke(ServletInvoker.java:106) at jrun.servlet.JRunInvokerChain.invokeNext(JRunInvokerChain.java:42) at jrun.servlet.JRunRequestDispatcher.invoke(JRunRequestDispatcher.java:286) at jrun.servlet.ServletEngineService.dispatch(ServletEngineService.java:543) at jrun.servlet.jrpp.JRunProxyService.invokeRunnable(JRunProxyService.java:203) at jrunx.scheduler.ThreadPool$DownstreamMetrics.invokeRunnable(ThreadPool.java:320) at jrunx.scheduler.ThreadPool$ThreadThrottle.invokeRunnable(ThreadPool.java:428) at jrunx.scheduler.ThreadPool$UpstreamMetrics.invokeRunnable(ThreadPool.java:266) at jrunx.scheduler.WorkerThread.run(WorkerThread.java:66)
TagContext
array
1
struct
COLUMN 0
ID CFFEED
LINE 269
RAW_TRACE at cffooter2ecfm526819990.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm:269)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm
TYPE CFML
2
struct
COLUMN 0
ID CFINCLUDE
LINE 348
RAW_TRACE at cfshow2darticle2ecfm269784887.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-article.cfm:348)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-article.cfm
TYPE CFML
3
struct
COLUMN 0
ID CFINCLUDE
LINE 15
RAW_TRACE at cfindex2ecfm772274901.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\corporate-counsel\uae-tops-list-of-compliance-complexity-while-ireland-is-simplest-24943790\index.cfm:15)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\corporate-counsel\uae-tops-list-of-compliance-complexity-while-ireland-is-simplest-24943790\index.cfm
TYPE CFML
Type Application
message Unable to read the source URL.
StackTrace coldfusion.syndication.FeedReader$UnableToReadSourceURLException: Unable to read the source URL. at coldfusion.syndication.FeedReader.readFeed(FeedReader.java:122) at coldfusion.syndication.FeedReader.<init>(FeedReader.java:94) at coldfusion.tagext.io.FeedTag.doStartTag(FeedTag.java:92) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cffooter2ecfm526819990.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm:269) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cfshow2darticle2ecfm269784887.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-article.cfm:348) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.runtime.CfJspPage._emptyTcfTag(CfJspPage.java:2722) at cfindex2ecfm772274901.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\corporate-counsel\uae-tops-list-of-compliance-complexity-while-ireland-is-simplest-24943790\index.cfm:15) at coldfusion.runtime.CfJspPage.invoke(CfJspPage.java:231) at coldfusion.tagext.lang.IncludeTag.doStartTag(IncludeTag.java:416) at coldfusion.filter.CfincludeFilter.invoke(CfincludeFilter.java:65) at coldfusion.filter.ApplicationFilter.invoke(ApplicationFilter.java:381) at coldfusion.filter.RequestMonitorFilter.invoke(RequestMonitorFilter.java:48) at coldfusion.filter.MonitoringFilter.invoke(MonitoringFilter.java:40) at coldfusion.filter.PathFilter.invoke(PathFilter.java:94) at coldfusion.filter.ExceptionFilter.invoke(ExceptionFilter.java:70) at coldfusion.filter.ClientScopePersistenceFilter.invoke(ClientScopePersistenceFilter.java:28) at coldfusion.filter.BrowserFilter.invoke(BrowserFilter.java:38) at coldfusion.filter.NoCacheFilter.invoke(NoCacheFilter.java:46) at coldfusion.filter.GlobalsFilter.invoke(GlobalsFilter.java:38) at coldfusion.filter.DatasourceFilter.invoke(DatasourceFilter.java:22) at coldfusion.filter.CachingFilter.invoke(CachingFilter.java:62) at coldfusion.CfmServlet.service(CfmServlet.java:200) at coldfusion.bootstrap.BootstrapServlet.service(BootstrapServlet.java:89) at jrun.servlet.FilterChain.doFilter(FilterChain.java:86) at coldfusion.monitor.event.MonitoringServletFilter.doFilter(MonitoringServletFilter.java:42) at coldfusion.bootstrap.BootstrapFilter.doFilter(BootstrapFilter.java:46) at jrun.servlet.FilterChain.doFilter(FilterChain.java:94) at jrun.servlet.FilterChain.service(FilterChain.java:101) at jrun.servlet.ServletInvoker.invoke(ServletInvoker.java:106) at jrun.servlet.JRunInvokerChain.invokeNext(JRunInvokerChain.java:42) at jrun.servlet.JRunRequestDispatcher.invoke(JRunRequestDispatcher.java:286) at jrun.servlet.ServletEngineService.dispatch(ServletEngineService.java:543) at jrun.servlet.jrpp.JRunProxyService.invokeRunnable(JRunProxyService.java:203) at jrunx.scheduler.ThreadPool$DownstreamMetrics.invokeRunnable(ThreadPool.java:320) at jrunx.scheduler.ThreadPool$ThreadThrottle.invokeRunnable(ThreadPool.java:428) at jrunx.scheduler.ThreadPool$UpstreamMetrics.invokeRunnable(ThreadPool.java:266) at jrunx.scheduler.WorkerThread.run(WorkerThread.java:66)
TagContext
array
1
struct
COLUMN 0
ID CFFEED
LINE 269
RAW_TRACE at cffooter2ecfm526819990.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm:269)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\layout\footer.cfm
TYPE CFML
2
struct
COLUMN 0
ID CFINCLUDE
LINE 348
RAW_TRACE at cfshow2darticle2ecfm269784887.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-article.cfm:348)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\includes\functional\show-article.cfm
TYPE CFML
3
struct
COLUMN 0
ID CFINCLUDE
LINE 15
RAW_TRACE at cfindex2ecfm772274901.runPage(D:\websites\globallegalpost.live\www.globallegalpost.com\public\corporate-counsel\uae-tops-list-of-compliance-complexity-while-ireland-is-simplest-24943790\index.cfm:15)
TEMPLATE D:\websites\globallegalpost.live\www.globallegalpost.com\public\corporate-counsel\uae-tops-list-of-compliance-complexity-while-ireland-is-simplest-24943790\index.cfm
TYPE CFML
Template /corporate-counsel/uae-tops-list-of-compliance-complexity-while-ireland-is-simplest-24943790/index.cfm
Type coldfusion.runtime.CfErrorWrapper