If you were planning to establish a business in the United Arab Emirates but were worried about the sponsorship requirement in the UAE, there is a piece of good news for you. This Wednesday, the Ministry of Economy (MoE), UAE, has announced that it will bring a change to the Federal Commercial Companies Law No.2 […]
Companies worldwide are required by the regulations specific to the country to pay taxes and file corresponding returns with the respective authorities. UAE has been one of the most attractive investment destinations for companies worldwide because of its geographical location, stability and business-friendly regulations. Until 2018, most companies in the UAE are not required to […]
Capital assets form a huge part of a business. Without capital assets, it is almost impossible for a business to survive. The UAE government recently introduced Value Added Tax (VAT) at a rate of 5%. The UAE VAT law allows the businesses to reoccur the input VAT, which has been paid for the company’s procurement […]
The main objective of an Accounting Function is to record ongoing and operational transactions of any business. Any business, large or small, profit or non-profit is driven by financial information. This financial information comes in many forms, such as financial expenses, salaries, operational costs, operational cash flows, investments etc. All this recording of data creates […]
The UAE offers businesses worldwide many opportunities to achieve the next phase of growth and achieve success. The Government supports the enterprising individuals and global companies alike by providing them world-class infrastructure, cutting down red tape, unrestricted access to the global resources, skilled workforce and effective tax structure. The tax structure in the country is […]
Dubai Media City is located under the jurisdiction of Dubai Technology and Media Free Zone (DTMFZ) and is a member of TECOM Investments. It was established in the year 2000 and is now a base for global operations of the world-famous media giants like Forbes, CNN, Reuters etc. This free zone of Dubai Media City was built […]
Setting up a business is step one to a successful business venture in the UAE. Step two would be maintaining records of your financials day in and out. The government of every Emirate checks your tax returns, spending, transactions, etc. The government does this to ensure that your business stays on the right side of […]
While nurturing Dubai South, the government of Dubai had a vision in mind which was to empower individuals and businesses to achieve their aspirations for the betterment of society and economy. Dubai South was formerly known as Dubai World Central. Dubai South is similar to a dream project for the government of the UAE. Especially […]
A career as a financial auditor is an extremely lucrative option for young graduates. In the article below, we’ll cover what it means to be an auditor, career prospects, growth and a lot more. Who Is An Auditor? An auditor is more than an accountant who reviews financial records. Auditors work for private companies, governments, […]
An Internal Audit of a company is a complicated venture for the uninitiated. An internal audit helps a business understand its internal operations, specific product/ project financials and help prevent financial fraud or mismanagement. In this article, we’ll look at the Internal audit plan, its structure and critical elements. Internal Audit: Structure Internal Audit performs […]
