Author: Admin

How Accounting Companies Help For Payroll Issues in Dubai UAE?

The economic vitality of the UAE is driven by various factors, including industries such as oil and gas, financial services, real estate, international trade, aviation, and tourism. A common thread binding businesses across these sectors is the imperative to adhere to UAE payroll regulations. This entails ensuring timely and accurate salary payments in the appropriate […]

UAE Corporate Tax Law Penalties

With the introduction of a federal corporate tax law, the United Arab Emirates (UAE) has undergone significant changes in its tax arena in recent years. This new legislation has implications for businesses operating in the UAE, including foreign companies with a presence in the country. One crucial aspect of this tax framework is the enforcement […]

Audit Requirements in UAE: Are All Companies Required to be Audited?

The UAE is well-known for its rapidly expanding economy and thriving business environment. With a multitude of companies operating within its borders, it is essential to maintain transparency and financial integrity. One crucial aspect of ensuring this transparency is through auditing. Auditing serves as a means to verify the financial accuracy and compliance of companies […]

Top 9 UAE Digital Banks to Watch

The banking landscape has undergone a significant transformation in recent years, thanks to the rise of digital banks. These financial institutions provide their customers with a convenient and efficient way of managing their finances exclusively online. In the United Arab Emirates (UAE), the digital banking sector has been growing rapidly, providing residents with innovative banking […]

Avoid These Common Mistakes While Filing VAT Returns in UAE

Value Added Tax (VAT) is a consumption tax that has been implemented by many countries around the world, including the United Arab Emirates (UAE). Since its introduction in the UAE on 1st January 2018, VAT has become an integral part of the business landscape. It was introduced to compensate for the decline of oil industry […]

Types of Company Registration in Dubai, UAE

Entrepreneurs and investors looking for lucrative opportunities in the Middle East are largely attracted to Dubai, a booming city and business centre of the United Arab Emirates (UAE). Dubai appears to be a strong choice for the formation of companies, as it is strategically situated and has world class infrastructure and an atmosphere conducive to […]

As a Foreigner, Learn How to Start a Business in Dubai UAE?

Here’s a Guide on How to Start a Business in the UAE as a Foreigner: Dubai, the thriving hub of the Middle East, has become a magnet for foreign entrepreneurs seeking to establish their businesses. It provides many opportunities for entrepreneurs to start their businesses in the Middle East, as it is strategically located, has […]

Benefits of Accounting Outsourcing in Dubai UAE

It is undeniable that the introduction of corporate tax in the United Arab Emirates (UAE) has had a tremendous effect on business culture and practice which will, indeed, contribute positively to the country’s economy. With the new law in force, business owners have a greater responsibility to comply with accurate book keeping and accounting procedures. […]

Best Transfer Pricing Services in Dubai UAE

United Arab Emirates (UAE) has always been an attractive destination for businesses due to its strategic location, business-friendly environment, world-class infrastructure and a tax-free country. The country has recently introduced a new tax law known as the Federal Corporate Tax (“Corporate Tax Law”). This law aims to establish a legal framework for the collection and […]

UAE Taxation Explained | Understanding VAT in the UAE

One of the unequivocal truths about taxation is – neither anyone likes to have it nor everybody wants to pay it! When such is the case, a Value Added Tax sounds like an oxymoron. No wonder the history of VAT began during the First World War. although German industrialist Wilhelm von Siemens proposed the concept […]

ESR in the UAE | Compliance Guide for Businesses

Why was ESR introduced in the UAE Let’s begin with a fundamental question. Why did UAE implemented Economic Substance regulations, who come under the ambit of it and what does it mean to the corporations in particular? We also elucidate briefly on who will be exempted from the ESC and what are the conditions required […]

UAE Corporate Taxation: Key Points To Understand

Corporate Tax in Dubai UAE United Arab Emirates has been, for a long time, an endearing country for corporations for it did not, except for certain handful industries, impose any taxes on revenues or profits of the corporations. However, as a result of recent modifications to UAE legislation, especially Federal-Decree Law No. 47 of 2022, […]