Visa Stamping in Dubai for 2024 In Dubai, the process of getting a visa stamped is changing significantly. The established process of stamping passports will be replaced by a more sophisticated and effective digital system with the launch of a new digital system. It is imperative for those who intend to settle down or pursue...
FTA Tax Audit Framework – Mitigating Risk with Timely Amends Value Added Tax (VAT) was implemented by the UAE government in 2018. Businesses should always be ready because the FTA has the authority to do an unforeseen tax audit at any time. The FTA is authorized by federal tax legislation to conduct tax audits on...
Anti-Money Laundering – Agreed Upon Procedures (AUP for AML) To guarantee compliance with regulations, CBUAE requires exchange houses to implement Agreed Upon Procedures (AUP) for Anti-Money Laundering (AML). As mentioned by CBUAE The external auditor’s conclusions based on the AML/CFT agreed-upon procedures must be provided by April 30 of the year after the reporting period...
Key Accounting Considerations for Oil and Gas Companies Dubai, UAE As you may know, the UAE’s per capita income and national economy have benefited greatly from the oil and gas sector. Other industries receive investments from the oil and gas sector’s resources. As a result, the oil and gas companies Dubai, UAE draws in foreign...
Managing Cash Flow During Business Expansion Managing Cash Flow During Business Expansion Have you ever considered growing your company? The goal of a small business owner or startup entrepreneur is to grow and expand their firm in order to take it to the next level. Every large organization that exists today started out as a...
What is Equity in Business? What is Equity in Business? And How To Calculate Equity? When a company’s assets are deducted from its total liabilities, the ownership value retained by shareholders or owners is referred to as equity. It is an essential part of a business’s financial structure and a sign of stability and strength....
What is VAT Health Check in UAE? VAT Health Check in UAE A VAT Health Check is an impartial evaluation of the efficiency of the documentation, control mechanisms, and VAT procedures. It involves keeping accurate tax records as mandated by law, reviewing VAT reports, and analyzing pertinent company transactions. An organization’s VAT audit may be...
DED License vs Free Zone License in Dubai DED License vs Free Zone License in Dubai Which Dubai license is better for your business, a DED license or a free zone license? A license from the Department of Economic Development (DED) or one of the various free zones in the city is needed to start...
Data Protection Law in the UAE Data Protection Law On September 20, 2021, the UAE government proclaimed the historic Data Protection Law. On January 2, 2022, the UAE’s authorities put it into effect to bring it into compliance with global standards for data protection and transparency. What Is the New UAE Data Protection Law Aiming...
Ultimate Guide to Comply with ESR & Avoid Penalties in Dubai The Ultimate Guide to Comply with Economic Substance Regulations & Avoid Penalties in Dubai To stop harmful trade practices, the UAE government implemented the Economic Substance Regulations (ESR). The Dubai Economic Substance Regulations are a collection of guidelines, norms, and specifications that are specific...
