Six Common Cashflow Risks SME & Startup Owners should be Wary of
Keeping a healthy cash flow is essential for SME and startup owners who aim to make a profit out of their businesses in Dubai. Whether you are starting a new…
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Accounting Advise For UAE Startups To Reduce Costs and Boost Profits
‘Doing more with less’ has become the mantra of startups and SMEs across the world in the post-pandemic era. Even the businesses that have not come under the reel of…
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Received Penalties For No-Submission Of ESR Report? File An Appeal
Licensees and exempted licensees are required to file the Economic Substance Notification for the financial year ended 31st December 2020 on or before 30 June 2021. The companies need to assess…
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UAE Updates VAT Refund Guidance for Business Visitors: What’s in it for You?
Foreign businesses are allowed to claim VAT refund in the UAE subject to terms and conditions laid out by the Federal Tax Authority (FTA). The FTA recently issued guidelines revising…
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The Role Of The Financial Statements For SMEs in Dubai in Uncertain Times
Though people say Dubai is a tax haven or there are no taxes. True but very few people realise the fixed administrative cost is very high. Hence keeping watch on…
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An Essential Guide To Conduct An Internal Audit In Your UAE Organisation
Performing consistent internal audits is essential for businesses to accomplish their corporate objectives by analysing the efficacy and consistency of their best practices. Unlike an external audit, an internal audit…
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Administrative Penalties for ESR Non-compliance in the UAE
The Cabinet Resolution no. 57 of 2020 has given the administrative penalties related to various violations related to Economic Substance Regulation (ESR). The new resolution has increased the number of…
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An Accountant’s Guide To Monitor Financial Growth Of Your Company
Finance can be intimidating for upstart entrepreneurs but failing to give it due care will steer your business into the wrong trajectory. Tracking the financial performance of your business regularly…
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A Guide to Exempted Licensees under ESR in the UAE
The UAE’s amended Economic Substance Regulation (ESR) has categorised businesses into licensee and exempted licensee, which determines an entity’s ESR obligations. The categorisation is based on the nine relevant activities…
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ESR Implications for IP Businesses and Corporate Franchise Agreements in the UAE
It is common for investors to form Intellectual Property Holding Companies (IPHCs) Or Special Purpose Vehicle Companies (SPVs) or sign a corporate licensing (franchisee) agreement with other companies to use their…
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