UBO (Ultimate Beneficial Owner) Declaration- Fines on UBO violators The UBO is the person who, directly or indirectly, owns and controls a company. In other words, an individual should be considered as a UBO, if they hold at least 25…
A statutory audit is a legal procedure that must be conducted to verify the accuracy of the financial statements and statements of an organization. It is done to evaluate the financial position of the company. The overall objective of an…
How to perform Audit for Inventory: An inventory audit is the process of verifying a company’s actual inventory with the inventory data recorded in the company’s financial records in order to have a clear understanding of the entity’s inventory count….
What is Internal Audit? 5 best practises for avoiding Internal Audit mistakes: Internal audit’s role is to provide independent assurance that an organization’s risk management, governance, and internal control processes are working properly. In most cases, this is the board…
Auditing is the most effective way to track your company’s progress. All businesses must engage in it because it is an unavoidable activity. However, there are several factors to consider before hiring an audit firm in Dubai. Choosing the wrong…
A Limited Liability Company in Dubai is the most common form of business. It has less Start-up cost and Complete access to the UAE marketplace. They allowed to do Business in their Local emirate and also can export and import…
Dubai continues to solidify its position as a premier global business hub, attracting entrepreneurs and investors with its strategic location, world-class infrastructure, and investor-friendly policies. In 2026, with ongoing regulatory enhancements aimed at fostering transparency and ease of doing business,…
Top Audit trends to prepare for in 2021: Global developments relating to the Covid-19 pandemic have also impacted the work of auditors. Uncertainty and unpredictability may create risks of material misstatement that are new, or intensified, in the circumstances. When…
Many people from different parts of the world want to set up their business in the UAE due to the availability of various benefits to a business. Dubai is one of the seven Emirates of the UAE and particularly this…
It is issued to the companies or individuals to exempt the applicants from double taxation. In UAE such a certificate is issued by Ministry of Finance (MoF). An assessee, not being resident in a country, shall obtain UAE Tax Residency…