The United Arab Emirates has gradually become one of the most attractive countries for setting up a business, and it is because of this reason there is an increase in the number of entities conducting business in the country. With the increase in business activities, there has also been an increase in fraudulent activities by […]
ESR Amendment – What is Included in the Relevant Activities
The increase in the people who are interested in conducting businesses in the country has been directly proportional to the fraudulent business activities in the United Arab Emirates. This means that we have seen an increase in fraudulent activities and tax evasion in the country. The Government of UAE has taken steps to tackle this […]
Why are Financial Statements of a Company Important?
Preparing the financial statements of a company holds massive importance for both the Management as well as potential investors. Without the financial statements, it would not be possible to know about the present state of the business. Not only this, when the financial statements are analysed, they provide an insight into the future trends in […]
Why are Fixed Assets crucial for Businesses?
Almost all businesses require some kind of fixed assets in order to function properly, and as the company grows, the number of fixed assets owned by the company also increases. The worth of a company can be estimated by the total amount of fixed assets the company owns. Though other factors such as goodwill, patents […]
Impact of Corona Virus on various sectors in the UAE
The whole world is scared because of the spread of the coronavirus. As there is restricted movement of goods or people from one place to another, there has been a huge effect on people all over the world as well as the various business entities. The people are not able to go to work or […]
How Does Online Accounting Saves Time?
One of the most needed and helpful resources for any company is time. If a company does not have time to implement its strategy, then a lot of things can go wrong, and the company could inevitably shut down. In recent years, saving time has been possible due to the use of various techniques and […]
Factors to keep in Mind before Business Diversification
Most businesses focus on only a single product or service, which has a plus point that the complete focus of the management is on the production of the product or service. Still, the negative factor is that if the works emend gets low, then the business will have to reduce its production, and it may […]
How can COVID-19 Impact the Middle East Economies?
The Coronavirus or the COVID-19 has had a huge impact on the businesses worldwide, which has, in turn, affected the economies of the country drastically. There have been complete or partial lockdowns due to which people all around the world have not been able to work. There have been some people who do not have […]
How can you improve the Cash Flow of a Business during the times of the Coronavirus?
The worldwide outbreak of the Coronavirus has changed the situation for the world economies. There have been blanket bans on international traveling and various restrictions on people. Individuals were not able to go for jobs, which has had a huge impact on the economies of various countries. The Coronavirus outbreak has resulted had such a […]
All you need to know about Freelance Work Permits in the UAE
We have seen a steady escalation in the number of people who are looking to do the work which they feel like without joining a business. The Government of the UAE has understood this increasing requirement and taken steps to assist people from coming into the country. The actions taken up by the UAE government […]