UAE’s National ICV Program In the UAE, obtaining an In-Country Value (ICV) certification has grown to be one of the most crucial requirements for operating a successful business. The Abu Dhabi National Oil Company (ADNOC) introduced the ICV programme for…
Emphasis on Risk Approach The primary role of internal audit function is to support an organization in achieving its objectives. By definition, the internal audit function provides a systematic approach to evaluate and improve the effectiveness of risk management and…
The abbreviation DMCC stands for Dubai Multi Commodities Centre. It is one of the largest and best-known free zones in the UAE. It is located in the Jumeirah Lakes Towers area of Dubai. More than 14,000 enterprises call DMCC home….
Why are Directors’ Services taxable? Directors’ services in the UAE are considered taxable under the VAT system if certain conditions are met. This is because the Federal Tax Authority (FTA) considers some director responsibilities to be a sort of economic…
What is UAE Corporate tax? Corporate tax in UAE is a type of direct tax assessed on the net profit or income generated by corporations and other entities from their business. The UAE has implemented a competitive corporate tax (CT)…
The 5th Branch Office of KGRN Chartered Accountants has been established with great success in Melbourne, Australia. Victoria’s capital city, Melbourne, is located on the coast of the state of Victoria in the southeastern part of Australia. The Southbank neighbourhood…
UAE business setup yields industrial gains. The main jurisdictional choices are three. Specifically, mainland, free-zone, and foreign businesses. Each has benefits. Thus, investors decide which operation suits their business. Thus, mainland firm incorporation is most popular and developed. In conclusion,…
The UAE has been the most business-friendly zone around the globe for decades together. In fact, the investments pouring in the country’s business realm are flourishing at a phenomenal rate. Therefore, Dubai is transforming into a ‘business capital’ that serves…
The UAE is a member of the OECD Inclusive Framework. As a result, the EU assessed the UAE’s tax framework, through the European Union (“EU”) Code of Conduct Group on Business Taxation. Therefore, to obtain a better rating, and improve…
Dubai and the wider UAE continue to strengthen their position as a global business hub. In 2025 alone, the MENA region recorded 884 M&A deals worth US$106.1 billion, with the UAE leading both volume and value. At the same time,…