The tax system in the UAE gives surprises to the residents from income tax to Value Added Tax. The best fact about the UAE is that there is no federal income tax which can be an advantage for the people who run a business in...
Market research should not be ignored while writing a business plan for your company or new start-up. Many successful new businesses reach long-lasting growth because their owners conduct regular market research to understand the trend in the market. They identify consumer problems, and their target...
Business Plan Dubai Companies of all sizes have one common thing they all began as small businesses in UAE. Many companies tend to start new businesses in different areas of the UAE and make solid business plans. In this article, we will discuss how to make...
Audit Services/span>Audit and assurance is the process of making of verifying data and making an analysis of company accounts in the financial statements with supporting documents. The audit process mainly identifies the risk involved in the operations of the business with regard to the market. The...
Companies are required to audit no matter in which country their company exists in the world. It depends on the jurisdiction as well, in the UAE companies are mandated to be audited but not in Freezones. Auditing in Freezones depends on the legal framework of...
Accounting is the main function of every company no matter what the size, type, or nature is. Accounting is a crucial part of business corporations, and it is like having a look at yourself in a mirror to make sure you are looking perfect. In...
Each business market you will enter will have its accounting challenges and the middle east is no different. UAE has fewer accounting requirements than other countries that levy taxes on everything. As corporate tax is going to be implemented soon and VAT is already in...
The UAE introduced corporate tax back in January 2022 and also released a consultation paper in April 2022. After this UAE authorities published the Federal Decree-Law No.47 of 2022 which is referred to as the Corporate Tax Law. It is true that business is going...
After the announcement of the UAE corporate tax by the authorities all businesses are alert now and get updates about this tax regime. The UAE corporate Tax will be applicable on 1st June 2023 and a taxable person or business will be subjected to a...
On 9 December 2022, the UAE Ministry of Finance released Federal Decree-Law No. 47 of 2022 to introduce a new corporate tax regime in the UAE. The new UAE corporate Tax regime will be effective for accounting periods beginning or after 1 June 2023. The corporate...
