How to detect and prevent corporate financial fraud in Dubai
No organisation escapes fraud. Fraud is that consistent vulnerable aspect that hides its deceitful head and creates financial leakage in the company. With multiple ways of transactions and versatile channels, a large amount of it takes place within finances and accounting. Detecting fraud in Dubai and UAE companies has become more consequential than ever. According […]
Everything you need to know about the company liquidation process in UAE
No goodbyes are easy, and bidding farewell to a business venture is no exception. However, just like any parting moment, it’s a time when the precision of thought and clarity of mind becomes paramount. By following the legal process meticulously, one can ensure an orchestrated conclusion, minimizing the unseen challenges. This farewell or winding up […]
How to value a company: the comprehensive guide
Would it be as easy to understand the price of a candy shop as paying for some candies? Unfortunately, a candy shop does not come with a price tag and the shop, unlike the pack of candies, has unseen enterprise value, such as revenue, profits, debts, assets, and liabilities attached to it. You need to […]
Corporate Tax Registration UAE: A Comprehensive Guide
The United Arab Emirates (UAE) introduced a Corporate Tax Law effective June 1, 2023. This tax law is consequential for businesses operating in the UAE and carries implications for their profits and tax obligations. In this quick and simple guide, we will delve into the nuances of Corporate Tax registration UAE, helping businesses understand the […]
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 […]
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 […]
Important Alert: The deadline for subscribing to the unemployment insurance in the UAE is fast approaching!
It was in May 2022 that the Ministry of Human Resources & Emiratisation announced the launch of a mandatory scheme for unemployment insurance in the UAE. Officially called the Involuntary Loss of Employment (ILOE) Insurance, the scheme is beneficial for both Emiratis and residents working in the private as well as the government sector. The […]
What is Equity in Accounting? Everything business owners need to know.
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 […]