ESR Notification: Top Post-submission Issues and Solutions
The Economic Substance Regulations (ESR) came into effect in the UAE from 1st January 2019. From then on, companies that conduct the nine relevant activities in the UAE have been…
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Accounting Firms in Dubai: When should Startups Consider Getting Expert Assistance?
Dubai has created a robust ecosystem for startups from various industries to set up, grow and thrive. However, not all startups manage to scale the mountain of success successfully. When…
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A VAT Refund Guide for EXPO 2020 Participants & Tourists
The EXPO 2020 is going on with massive participation from more than 190 countries and an expected visitor’s count of 25 million. A critical aspect that the participant needs to…
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Planning to Apply for a Golden Visa? UAE Auditors Can Help You
With numerous investors, celebrities, doctors and other talented individuals securing the prestigious UAE Golden Visa, a significant number of individuals are enquiring about the process and eligibility to apply. The…
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Preparing for Audit: Companies must Diligently Tackle these Challenges
Business owners, especially those who run SMEs or start-ups, plunge into immense pressure when the time for audits in the UAE approaches. Unnecessary fear of audits is a common scenario…
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How can Accounting Firms Help SMEs Seeking Business Finance?
There is a big misconception that the role of accounting firms is restricted to delivering tax preparation or bookkeeping services in Dubai. However, more and more financially cognisant companies nowadays…
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Recent AML-CFT Developments in the UAE Businesses Must be Aware of
The UAE maintains a strong Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT) framework to counter the menace of money laundering and terrorist financing. The UAE has taken steps to…
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Targeted Financial Sanctions in the UAE: How Entities Should Conduct Screening?
The UAE is updating regularly its Local Terrorism List in line with the UAE’s resolution to combat the financing of terrorism. As per Cabinet Resolution, No 74 of 2021, every…
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ESR Deadline on September 30: What Should Business Owners Do Now?
It’s time for companies operating in the UAE to determine their Economic Substance Regulation (ESR) obligations. Companies that conducted relevant activities with 31st March 2021 as the financial year-end must submit…
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A Peek into Different Types of Accounting Practices in the UAE
If you are an entrepreneur running a small business in Dubai, you can’t afford to ignore the accounting function. Even if you build an in-house accounting team or outsource the…
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