If a Limited liability company (LLC) is formed in the United Arab Emirates, then it is bound to have a director. This director receives a fixed remuneration for the services he provides on a regular basis. This remuneration for his management services is eligible for Value Added Tax (VAT) at a rate of 5%. It […]
Doing a business is a very lucrative and profitable option for any businessman and this is the reason we can see a huge increase in the number of businesses which are being set up all around the world. But no matter what type of business is being done, each of them faces some kind of […]
Keeping and maintaining all the business records is a very necessary activity for a business. This forms the basis of all accounting activities and thus is one of the most important activities for a business. No business can overlook the importance of Bookkeeping. If the management wants to conduct Accounting then it has to start […]
If a foreign business conducts any transaction within the United Arab Emirates, then the company is allowed to claim for Value Added Tax (VAT). This is done according to the rules and regulations as laid down by the Federal Tax Authority (FTA). This step was taken to make transacting in the United Arab Emirates more […]
In the past few years. Before the global pandemic, we have seen a huge growth in the hospitality sector in the United Arab Emirates. The tourism sector as well as the travel sector has witnessed a huge boom. This was possible as the government of the country was trying to shift the focus from oil […]
Businesses around the world require a standardized system to make and record day-to-day transactions. The transaction records play a crucial role while dealing with third-party transactions, various government bodies, accounting and audit departments. In addition, the records are used to analyze the company performance and taxes. Tax invoice is one such record issued to the […]
With a rise in the E-Commerce Culture and the majority of people doing shopping from the comfort of their home, becoming a seller on Amazon is a really good and viable option available to the people. The Covid-19 pandemic has shown that shopping from home can be a very simple and easy process. One does […]
Whether starting a new business or expanding a new business, all businesses require the assistance of experts and professional consultancy services at some point in their life. These consultancy services help the business management whenever the business is going through a tough spot. Business consulting can be on the managerial front or on the financial […]
Lately, the United Arab Emirates has become a very important global business hub. Businessmen from all over the world are setting up businesses in the UAE as it is the gateway to the Middle East. For the companies which have been already established in different locations, UAE is a very lucrative location for business expansion […]
UAE is popularly known as the Gateway to the Middle -East and Northern African regions. The UAE and the Emirati governments’ amiable business policies have resulted in UAE becoming the throttling business and investment hub. The UAE Government has introduced new VAT taxation, which will be an additional source of revenue for the infrastructure development […]
