Setting up a business in the United Arab Emirates is a very beneficial and profitable decision which any businessman can take. With a number of business opportunities and the prospect of exploring new markets, setting up a business in the UAE can be a very profitable venture. Even the Government of the country is providing […]
Effect of VAT on E-Gaming Industry in the UAE
There have been many developments in the Online Gaming Industry (also known as the E-Gaming Industry). In the current scenario, the E-Gaming industry is one of the growing industry, and more and more players are coming into the market. this has been possible due to the release of multiplayer games such as PUBG, Free Fire, […]
Dubai Healthcare City – Mandatory Audit
Dubai Healthcare City Authority – Regulatory is an independent arm of Dubai Healthcare City Authority. The DHCA is the body of Dubai Healthcare City that regulates it as the largest healthcare free zone for health and wellness globally. Dubai Healthcare City Authority – Regulatory, now referred to as DHCR, regulates the free zone and directly […]
Why should you Update the Backlog Accounts of your Company?
Accounting is one of the primary functioning arms in an organisation. It helps companies across the globe to gauge the business performance in accordance with different aims and goals set up by its management. Accounting is also a mandatory requirement to conduct an internal or external audit. In many jurisdictions around the world, including the […]
Scope of Financial Development and Economic Growth in the United Arab Emirates
The economy of the United Arab Emirates is the second-largest economy in the Middle East after Saudi Arabia with the scope of even growing more. The country has been trying to diversify the economy as most of the economy is dependent on the revenue from the petroleum and hydrocarbon sector. Previous to the worldwide pandemic […]
What Records need to be kept by a Taxable Entity?
UAE is a land of opportunities for businesses. Over many years, businesses have seen rapid growth and explored new footholds in West Asia and African markets. The business-friendly ecosystem has enabled the success of companies in the UAE. Value Added Tax (VAT) was introduced in the UAE and other Gulf Cooperation Council (GCC) member countries […]
How can Diversification help a Business?
In the course of business, various business strategies are used by the management to increase the efficiency and profitability of the company or to keep the company afloat. These business strategies depend on the way the management works, what message it wants to give to the people and what is the business environment around. One […]
UAE Cabinet Decision on Regulation on Procedure of Real Beneficiary
The Government of the United Arab Emirates has recently brought forth the resolution which will help in defining the procedure for maintaining a real beneficiary. This resolution will be in effect from the 27th of October 2020 and according to this resolution, it will be required that a businessman or any business entity will reveal […]
Audit: Take Your Business to the Next Level
Why would a business choose to audit? Is it that important? Of course, it is. However, more often than before, companies are choosing to undergo audit functions for the following reasons. Better financial reporting Audits improve the performance of the company Increase Productivity Low Errors Auditing is an impartial and independent activity that adds value […]
What is the Purpose behind Levying Excise taxes in UAE?
UAE is a hub to many businesses in a variety of sectors. The location proximity of the UAE, stable governance and the business-friendly ecosystem have led many companies and entrepreneurs to start and run their businesses over years successfully. The opportunities created by the firms has led diaspora around the world to move their jobs […]