How Contractors Can Maximise Their ICV Score in the UAE
Many contractors in the UAE struggle to win big government contracts. Why? Because their ICV score doesn’t meet the mark. Imagine getting passed over again and again, not because of…
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Designing Effective CDD Procedures: KYC and Customer Risk Rating Forms
When businesses skip proper checks on who they’re dealing with, they risk becoming a gateway for serious financial crimes like money laundering and terrorism financing. This isn’t just a legal…
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A Guide on the Accounting Process
Operating a business without proper accounting processes in place is like driving with your eyes closed. Startups often fail to manage their finances effectively, understand tax regulations, and remain noncompliant…
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How to Develop an AML-CFT framework for your company
Financial crimes are a grave danger. Money laundering and terrorism financing are not just crimes; they put your company at legal risk. If you’re running a business in the UAE,…
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UAE Introduces Top-up Tax for Multinational Enterprises
A new update has been issued by the UAE Cabinet: Cabinet Decision No. 142 of 2024. The law was officially signed on 31 December 2024, and its implications were activated on January 1,…
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What Are AML-CFT Training Services in the UAE?
Money laundering and terrorism financing are serious threats. In the UAE, companies are under a legal obligation to combat them. Nevertheless, meeting these legal requirements can be challenging without the…
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What Is Statutory Audit in UAE?
Being a businessman or businesswoman in the UAE is an exciting and rewarding journey. However, it comes with several important responsibilities—one of the most crucial being the statutory audit. If your…
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Basic Information About ICV Certification in the UAE
Many companies in the UAE want to work with government bodies and major clients like ADNOC. But without a specific certificate, they may never get the chance. This document is…
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What is an ICV Score?
Many businesses in the UAE lose out on valuable government contracts without knowing why. They follow all the rules, meet deadlines, and offer competitive prices, but still don’t get selected.…
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What is a VAT error, and how to correct it?
A “VAT error”, also known as “tax error, is an event that arises when a VAT-registered taxable person fails to set out the correct output VAT amount or fails to…
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