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 […]
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 […]
