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exposed the inefficiencies in traditional bookkeeping and accounting for accounting professionals, which was largely outdated even […]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 […]
Managing workflow between employees of different skills set and skillset is a rather difficult process. When people work in conditions where their natural abilities align, they tend to work more efficiently. If they don’t align, they tend to have stress and anxiety. If the person’s skills are far beyond the work they have undertaken, they […]
In the present scenario of the world, there is easy access to transportation and information. The use of high-speed internet and Globalization has made it possible for businesses to set up their companies at different locations all over the world. This allows them to take advantage of different markets in the world. As with all […]
If you were planning to establish a business in the United Arab Emirates but were worried about the sponsorship requirement in the UAE, there is a piece of good news for you. This Wednesday, the Ministry of Economy (MoE), UAE, has announced that it will bring a change to the Federal Commercial Companies Law No.2 […]
