In a big regulatory change, the UAE has introduced a corporate tax on business profits to make the country a leading global hub for business and investment. At a 9%…
Failing to measure profits is one of the key reasons why businesses fail to last for a long time. Accounting firms in Dubai recommend entrepreneurs measure their profits regularly as…
No startup can sustain a shortage of cash in the long run. Startup owners often have great ideas, but it doesn’t mean they may have enough money to chase their…
The UAE corporate tax will come into effect from 1st June 2023, requiring relevant businesses to assess their liability and stay prepared. Ahead of the implementation of corporate tax in the…
Like every other industry in the UAE, real estate businesses must also consider the VAT implications on business transactions. Real estate players should understand that special rules of VAT apply…
The UAE has more than 40 free zones but the Federal Tax Authority (FTA) has categorised some of them as Designated Zone for Value Added Tax (VAT) purposes. Only those…
Ensuring compliance with Anti-Money Laundering and Combatting Financing of Terrorism (AML-CFT) laws is mandatory for UAE businesses, especially Financial Institutions and Designated Non-Financial Businesses and Professions (DNFBPs) such as Real…
Rising business expenses are a constant concern for every entrepreneur. Controlling costs are critical as higher expenses will gradually eat away your company’s profit. If you find it tough to…
Businesses in the UAE are facing increased accounting challenges in the wake of new economic reforms being introduced by the government. Businesses are now required to keep records to comply…