Why the depreciation rate in UAE & fixed asset audits matter for your company 

depreciation rate in uae

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

custom duty exemption in UAE

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 […]

From Idea to Reality: How to Start a Small Business in Dubai.

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

Business setup in Dubai

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 […]

What is Equity in Accounting? Everything business owners need to know.

Equity in Accounting

As a small business owner, you may have heard the term “equity” thrown around in conversations about finance and accounting. But what is equity in accounting, and why is it important for your business?  In this article, we’ll explore what business equity is and how it represents the value of your small business. We’ll also […]

100% Foreign Ownership in UAE authorised – Everything you need to know.

Foreign Ownership in UAE

On November 23, 2020, the UAE Commercial Companies Law (the “CCL”) announced its decision to allow 100% ownership for foreign investors in UAE. This new policy marks a significant shift in the UAE’s business landscape and aims to attract foreign investment, enhance economic growth and stimulate innovation. Read on to find out more about this […]

A Comprehensive Guide to the Accounting Cycle for Trading Businesses

Accounting Cycle

Accounting is an essential aspect of any business, and trading businesses are no exception. All organisations require accounting because dealing with numbers is not an easy task; and as a business, keeping a record of all transactions is crucial in the long run. The recorded information may be needed for various purposes, such as making […]

How to Get a Trade Licence in Dubai: A Step-by-Step Guide to Get Started.

Trade Licence

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 […]

A detailed guide to the best investment in UAE for maximising your wealth.

best investment in UAE

The United Arab Emirates (UAE) is a land of great economic opportunities and has a high potential for sustained growth. With its strategic location between Europe, Asia, and Africa, the country has become a hub for business, trade, and investment. Moreover, the UAE government has made considerable efforts to promote foreign investment and create a […]