Attestation mandatory for import invoices worth AED 10,000 and above.
Companies in the UAE will soon be subject to a new compliance requirement as they would be required to attest import invoices with a value of AED 10,000 and above by the UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC). Effective February 1, 2023, The Ministry of Foreign Affairs, and International Cooperation (MoFAIC) has […]
10 definitive reasons for hiring business consulting companies in UAE.
The World Bank ranks UAE as one of the friendliest countries in the world to set up and conduct business. There is no denying that the Dubai market is approachable and that it welcomes investors and entrepreneurs, but starting a business in a foreign country is usually a stressful and difficult process. Businesses often need […]
Things every business owner should know about the mandatory changes in the Memorandum of Association UAE
In order to ensure that business operations run smoothly across the country, the UAE government implemented restrictions in 2015. In the UAE, business owners must abide by the compliance laws that were put in place to regulate their industry. These laws aid in ensuring the protection of labour, consumer, and intellectual property rights. Commercial enterprises […]
The difference between Direct and Indirect Tax. All you need to know.
Every nation has laws and regulations that require its residents to pay taxes. If citizens of a nation utilise the services and facilities provided by the government, then there is no exemption on the payment of the tax. Individuals or corporations pay taxes to different parties on different occasions, but ultimately the collected tax ends […]