Businesses worldwide work with a mission to find opportunities and solve problems persistent in the world. Along the journey to achieve growth, companies invest in resources that include employees, infrastructure etc. Companies find different means to finance the resources employed. They face challenges daily, and at times, companies fail to meet their debt obligations to […]
We have seen a huge growth in E-Commerce platforms in the past few years. This has been possible due to advancements in technology that have been made in the years past. The growth of the E-Commerce platforms was also possible because of the pandemic caused due to Covid-19. As the people were confined to their […]
In this ever-changing business world, the most common news we hear is regarding company mergers and acquisitions. The UAE is considered as one of the most attractive business locations on a global scale and is also home to a large number of companies in diverse sectors. Mergers & Acquisitions are an integral part of the […]
UAE is home to many international businesses and entrepreneurs, both local and foreign. The sheer number of business opportunities provided by the UAE is available only in few countries worldwide. The UAE, due to its proximity to countries in Asia, Europe and Africa, has certain geographic advantages which attract businesses. For companies to carry out […]
It is crucial for companies operating in the UAE to know new Economic substance regulations which may impact the business. Let us know more about the impact of the Economic substance regulations. Economic Substance Regulations (ESR) The UAE Government has brought the Economic Substance Regulations (Cabinet of Ministers Resolution No. 31 of the year 2019) on […]
The pandemic has changed how the entire society works, forcing people to reduce their social interactions. Non-essential businesses are now entirely online-based, with many finding that working from home or remotely is more efficient and effective than working in offices. This move has exposed the inefficiencies in traditional bookkeeping and accounting for accounting professionals, which was largely outdated even […]
Setting up a company in the United Arab Emirates can be very profitable for people from all over the world. For such companies understanding how Value Added Tax is applicable to the companies is very important. These businesses must import goods into the county to continue all the business activities. Such companies must have a […]
The UAE is considered a hotspot for emerging businesses and provides ample opportunities for companies to achieve the next growth stage. As the companies evolve externally, the internal processes should strengthen to keep up with business growth. The internal process’s strengthening involves the formulation of company operational processes and employing a check mechanism to keep […]
The Government of the United Arab Emirates has taken many steps to ensure that the businesses which have been coming into the country do not face any problems as well as also ensure that these businesses do not defraud the government and pay their dues in taxes. Lately, the government of the UAE issued a […]
The internal functions work as the backbone of the organization. They play a very crucial role in the success of the organization. The internal functions such as bookkeeping, accounting and recording will provide the management with historical data on the direction of the company’s journey towards achieving the goals and targets. Similarly, the audit mechanism […]
