Mistakes and failures are a part of life, and even in the business world, people and companies make mistakes. These mistakes may show the world the weakness among the companies but the mistakes we make also teach a lot to us. These mistakes should be taken up as a lesson, and special care is to […]
Whether you are the owner of a Small and Medium Enterprise or are looking to set up a business in the middle east, there is a great need for maintaining and auditing the company records. With the new addition of Value Added Tax and the emphasis of the government of the United Arab Emirates on […]
Dubai, one of the fastest-growing cities of the world, is on the edge of transformation. Known to attract millions of business expats from around the world, the region is looking forward to growing at a massive speed in the next two years from now. The upcoming Dubai Expo 2020 is expected to attract a count […]
There are a number of free trade zones available to a business in the UAE. These free trade zones aim to provide the best possible services to a company so that the business can reach its maximum potential and grow even more. These free zones focus on a specific industry that allows the government to […]
In recent years, the United Arab Emirates has now considered a breeding ground for businesses from all over the world and has taken up various measures to attract entrepreneurs and people in business from all around the world. The United Arab Emirates is now considered the gateway to the Middle East. As soon as we […]
In the corporate world, business relations are based on one crucial factor known as “Trust”, based on which an entity ends up dealing with other entities. The involvement of other business entities or individuals is categorised into two halves: debtor and creditor. A business needs to maintain separate records for its debtors and creditors because […]
According to the Federal Tax Authority, UAE, the supply of education services provided by Institutions is zero-rated subject to the conditions and criteria laid down under Article 40 of the Cabinet Decision No. 52 of 2017 on the Executive Regulations of the Federal Decree-Law No 8 of 2017 on Value Added Tax (ER). However, the […]
The importance of free-zones in the United Arab Emirates is well known to all. These free zones allow a foreigner or even a local to set up a business in the zone straightforwardly and quickly. These free zones have their administration which will enable them to cater to the businesses in the area an also […]
Establishing a company and holding a physical existence for the same requires continuous efforts at every point. The initial phase requires rigorous planning, brainstorming, dedication, and of course, the will to succeed. However, once you incorporate and get a company registration certificate, or carry out the business activities, do you think that’s enough? Building a […]
A small business is a significant part of a country’s economy. These small businesses provide business opportunities to budding entrepreneurs and help in the creation of meaningful jobs. In a country like UAE, they form the backbone of the economy. According to the UAE Ministry of Economy, they account for more than 80% of the […]
