A complete guide to the benefits of statutory audits
When trying to understand the benefits of statutory audits, transparency is perhaps a great place to start. Companies should always strive for legal and financial compliance in their operations. And from the perspective of shareholders and investors, such an audit is a great way to show that your company is indeed serious about transparency. An […]
The ultimate guide to non deductible business expenses under UAE Corporate Tax
Business expenses are a dynamic aspect of running a business, as they can arise from various operations and locations. Keeping track of the types of business expenses for taxes and ensuring their compliance with tax laws can be challenging. Taxes are compulsory contributions created by a government entity on individuals or corporations. For companies, non […]
Everything about your Emirates ID & Emirates ID status and why it matters for your business
As a business owner in the UAE, compliance will always play a big part in your business life. Over the years, the UAE has come out with various rules and regulations that have contributed to creating a strong, vibrant and business friendly economic climate. An Emirates ID serves as a common thread that connects various […]
Why the depreciation rate in UAE & fixed asset audits matter for your company
By definition a fixed asset could be anything ranging from equipment to machinery, land, buildings etc. and represents something that exists physically. These assets cannot be easily liquidated as cash when compared to other assets. Establishing the number of fixed assets and evaluating their value is core to the auditing process for any company. Identifying […]
Latest updates on custom duty exemption in UAE & customs tax
Customs tax is and has always been a complex subject. Due to the number of stakeholders involved and the scale at which customs clearances happen in the UAE, it continues to develop periodically. For companies and professionals in the industry, this poses a challenge to understand custom duty exemption in uaeand abide by the relevant […]
EVERYTHING ABOUT THE SEEMINGLY ENDLESS BENEFITS OF ICA SMART SERVICES IN UAE
UAE is one of the most preferred destinations in the world for those who are opting to settle or seek employment outside their home country. If you are planning to open a business or looking to relocate to the UAE, you need to know about ICA Smart Services. From the normal jobseeker to the various […]
UAE to offer corporate tax relief. What startups and SMBs need to know.
The UAE Ministry of Finance issued a new ministerial decision on Small Business Relief, which permits small businesses earning $816,880 (AED 3 million) or less to claim tax relief during a tax period if their revenue does not exceed a particular threshold. The objective of Small Business Relief is to aid startups and small or […]
From Idea to Reality: How to Start a Small Business in Dubai.
Dubai is a thriving city that has transformed itself into a global business hub in the past few decades. Entrepreneurs and small business owners are attracted to the city for its tax-free status, low bureaucratic barriers, and strategic location. Starting a small business in Dubai can be a lucrative venture, but it requires careful planning, […]
Business setup in Dubai: A detailed guide to company formation in the UAE
The United Arab Emirates has undergone a remarkable transformation over the past few decades, evolving from a nation focused on fishing and pearling to a financial powerhouse with a diverse range of thriving industries. With a stable political system, strong economic growth, favourable tax policies, and open trade regulations, the UAE has become an attractive […]
8 key benefits of outsourcing payroll to a payroll agency in Dubai
Thanks to the rising world economy, this outsourcing trend is on the rise in businesses across different sectors. The drive to improve business efficiency and cost reduction is the primary reason for many organisations to focus more and more on key aspects of their business. Therefore, outsourcing a business area as demanding as payroll can […]
