The whole fiasco of the Covid-19 pandemic is out of the control of Governments, International organisations and companies worldwide. The pandemic has caused severe health and economic crisis, pushing millions of people back into poverty. The after-effects of the pandemic are unclear, and the future is bleak for many people worldwide. It takes significant time […]
The Middle East provides a fertile ground for the setting up of various businesses from all over the world. This is the reason that we have seen many different businesses enter the Middle Eastern markets. With the increasing number of businesses, there is an increased demand for various financial services which can assist the management […]
Every company requires accounting and bookkeeping services so that it can the existence and development of the company is ensured. But the time at which a company should avail such services is a very subjective matter. The time at which such services should be availed can be different for different businesses. It is the duty […]
Opening a subsidiary company in the United Arab Emirates can be a wonderful idea for the business. This will not only help the business to expand but will also help in getting labour with technical expertise. UAE is considered as the gateway to the Middle East and a subsidiary company in the jurisdiction will allow […]
The UAE is a popular investment destination in the world. The government’s business-friendly policies, along with an urban culture, have enabled many entrepreneurs and multinational companies to set up their businesses in Dubai and other UAE emirates. In addition, a robust legal framework in line with international standards and a clearly defined taxation policy has […]
Businesses around the world favour those jurisdictions which provide a conducive ecosystem to sustain and achieve business growth. Welcoming foreign companies to invest and grow is mutually beneficial to both companies and countries. A fair and transparent business ecosystem with adherence to various global standards is one of the major factors in gaining the companies’ […]
The importance of auditing for a business is well known by everyone. Even though it is a time taking process, the risk to reward ratio is very high. But in spite of the benefits of auditing, many small businesses do not audit as they feel that the company is not that big and it will […]
The Accounting service is one of the basic services which is used in every business, but these services cannot be removed as this is one of the most important services for a business. Accounting is required in the daily tasks of a business as well as for the long term planning and the allocation of […]
Whenever a business transaction is done, some kind of information is stored in the form of a physical document. This document can later be of huge help for the business and will also help the management in the various business functions such as Auditing. These documents which would prove and document the various transactions made by […]
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 […]
