Are you planning to start a small business in Dubai? If you are ready to launch your new business in Dubai, Congratulations! As you know, launching a business is a constant flood of satisfying milestones and increasing to-do lists. With your business launch, you’ll require to get on top of the accounting tasks that come […]
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, […]
If you’ve been controlling your own personal finances for years, how tough can it be to transforming to managing your business’s finances? Finance is finance, right? Not really. Learning the differences between business finance and individual finance and how to manage them accordingly is one of the biggest learning curves for all the business owners. […]
Setting up a company in Dubai is like a dream for many people in business and entrepreneurs all around the world. The company can take advantage of various benefits available to all the businesses coming into the country. this is both helpful for the economy of the country as well as the growth of the […]
Every business has to deal with taxes at some point in time. There are many complications while dealing with taxes. as the business starts to get traction, it gets more and more profitable which leads to an increase in the size of the company. As the size of the company increases, the management has to […]
