The Government of the United Arab Emirates has recently brought forth the resolution which will help in defining the procedure for the maintaining a real beneficiary. This resolution will be in effect from 27th of October 2020 and according to this resolution it will be required that a businessman or any business entity will reveal all […]
The United Arab Emirates’ Cabinet has as of late distributed Resolution No 58/2020 to control the ‘minimum’ commitments of entities incorporated there – incorporating those in the non-financial free zones. From 27th October onwards, the resolution will require the revelation of information about beneficial owners at the initial registration/incorporation stage. For each situation, the data […]
Nobody is in control of everything, but we still need to try. This is true, especially in the case of businesses. In the business environment, there are two different factors that play a very important role. These are: Intrinsic Factors Extrinsic Factors These factors are explained below: Intrinsic factors are the factors that can be controlled […]
Finance is looked upon as the lifeblood of any company, and to have control over the finances of a company will be a boon for any management. In the current business, environment businesses are looking to cut short their expenses and are using various methods to do so. These methods include downsizing of the workers, […]
It is the duty of the management of a company to keep track of the financial health of the company. starting a business may look like a monumental task but keeping the business alive and well is a much harder task. The management should keep a close watch on the business activities so that it […]
The Auditing process is very diverse and requires great caution on the part of the business management. The management has to understand the present requirements of the company and accordingly conduct an audit of the company. There are two different types of Audit to be performed by an auditor. These are: Internal Audit External Audit […]
Do you know that the companies in the UAE can be wound up by voluntary Liquidation? This shall get going as initiated by shareholders or a company’s creditors by passing a valid shareholder’s resolution. When a company’s financial process fails and is in financial distress, i.e., the company becomes insolvent whereby it cannot pay off […]
Every business is set up with the intention to make a profit for its management and shareholders and investors, but during the course of business, the company faces certain problems that create an impediment. This obstruction needs to be resolved so that the business goes back to the profit-making mode and both the management as […]
The Implementation of Value Added Tax (VAT) has been a very important change in the taxation regime of the United Arab Emirates. The recent changes released by the Federal Tax Authority (FTA) has some new clarifications to understand. VAT Updates Public Clarification on VAT registration of Sole Establishments The Federal Tax Authority, UAE, has released […]
The Cabinet Resolution No. 58/2020, on 27th August 2020, on the Regulation of Procedures Related to Real Beneficiaries (“Decision”) was issued, which has presented new record-keeping and disclosure necessities for corporate elements and nominees in the UAE. The targets of the Resolution seem to come from the UAE’s anti-money laundering system. For the most part, […]
