In the life of a company, the Board of Directors might have to take specific steps and make individual decisions. These steps will decide the future of the company. The choice of closing down or winding up a company must be the hardest of them all. Depending upon the reasons for such decisions, the Board […]
United Arab Emirates is famous for the wonderful business opportunities it provides and also the various facilities and amenities the place offers to the budding businesses. With the presence of an understanding and flexible government, UAE has become a very lucrative place to set up a business for entrepreneurs all around the world. Though the […]
Company liquidation is a crucial moment as it includes the necessary procedures related to winding up of a corporate firm. Unlike the incorporation process, settlement also involves a set of standard proceedings that need to abide by the corporate entity looking forward to dissolve the business. It is recommended to take the help of approved auditors […]
A free zone in the United Arab Emirates focuses on a particular business sector. With the presence of numerous free zones in the country, the government of UAE targets all the business sectors possible, which in turn will enable the diversification of the economy. One such free zone is the Dubai Studio City free zone, […]
The concept of bookkeeping was to maintain a proper record of business transactions. Started with the manual process, the traditional bookkeeping practices followed in the business organizations turned out to be way tedious and time-consuming. With the changing time, technology has accordingly grabbed the bookkeeping domain, and in due-course has changed the entire scenario of […]
The UAE Cabinet has taken an essential step on 30th April, 2019, where the Cabinet of Ministers Resolution No. 31 of 2019 has been released, which stands as a milestone for the UAE Taxation policy and can be considered as an essential step when it comes to global alignment regarding the Economic Substance (ES) in the […]
With the thought of shopping and retail goods, the first thought that pops into our minds is that of the malls in the UAE. In the last two decades, the UAE has seen a massive change in the retail sector. Efforts of both the government and the various private companies have resulted in UAE holding […]
The main aim of setting up a business is to gain profits so that these could be further distributed to the investors and shareholders of the company. To achieve this profitability, the company must continuously check its various operations and processes. This complete and in-depth scrutiny of all the data generated by a business is […]
The process of accounting is required to be conducted by every company, irrespective of their size and nature. This accounting may be fundamental and might not need a vast amount of knowledge but is essential for the business to thrive in the competitive market. When your business grows further, these necessary accounting activities will allow […]
You must have heard that internal audit is a necessity for an organization to improve the business performance. Be it any department of an organization, each of them needs an overview to remove the flaws or loopholes (Read what are the importance of internal audit). An auditor takes the core responsibility to perform the audit essentials […]
