How to Get a Trade Licence in Dubai: A Step-by-Step Guide to Get Started.
Dubai, one of the most popular and fastest-growing cities in the United Arab Emirates (UAE), is a hub of international trade and commerce. Due to its strong economic climate, many entrepreneurs choose Dubai as the hub for their business operations. In fact, over 55,000 new business licences were granted in the previous year alone, highlighting […]
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 […]
VAT Reverse Charge Mechanism in UAE – Everything you need to know.
To ensure that both individuals and organisations are compliant, the United Arab Emirates has a strong VAT rulebook in place. The VAT-able transactions are specifically indicated, whether it be an export to another country or an import from outside the UAE. Businesses that import and export goods need to be aware of the various UAE […]
How to File VAT Returns in UAE? A step-by-step VAT Returns User Guide
In the UAE, a VAT return must be created and submitted once every tax period by each registered taxpayer. Depending on the instructions provided by the FTA on your VAT certificate, the tax term is either a month or a quarter (3 months). In this article, we explain how to file VAT returns in simple […]
8 benefits of outsourcing accounting and bookkeeping services in Dubai
As a business owner, you are actively involved in every facet of your company. And if you think that you need to be involved constantly in order for things to be done well and that this qualifies you as a successful business owner, it’s time for you to reconsider. You put a lot of effort […]
5 things to know about the DDA mandate for Submission of Financial Statements by FZLLCs
The recent update by The Dubai Development Authority (DDA) regarding the submission of Financial Statements by FZLLCs operating in various Free Zones is something that all registered companies and branch entities should take note of. Here are 5 of the most important points you need to know about the update: Audited financial accounts need to […]