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…
Presently, UAE is a well-developed country and its economic growth is also satisfactory. It will be beneficial for those who want to start a business in UAE (particularly in Dubai). As per the latest World Economic Outlook report, the International…
The statement of cash flows, or the cash flow statement, is a financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company. The Cash Flow Statement (CFS) measures how well a company manages its…
Setting up an offshore company in Dubai is a strategic move for entrepreneurs and investors looking to benefit from a tax-efficient, confidential, and internationally flexible business environment. This blog post will guide you through the essentials of establishing an offshore…
What is bookkeeping? Bookkeeping is the process of routinely documenting a company’s financial transactions. By keeping track of all the information in the books, bookkeeping assists with operating, investing, and financing decisions. People that manage all of a company’s financial…
Business Valuation methods can be defined as the method by which the economic worth of a business can be valued. Business valuation calculations typically include the worth of your equipment, inventory, property, liquid assets, and anything else of economic value…
Good account maintenance for small business is the key for operating a healthy, stable, growing organization. “SMEs have always been the backbone of the UAE economy” says Mohsin Aikal Small businesses are drivers of growth as they generate huge employment…
Choosing an accounting firm is one of the best choices a company can make. The accountant will monitor some of your most private information and advise you on key financial decisions. As a result, you must be cautious while selecting…
What is VAT? The UAE Government implemented VAT in the Country from 1st January 2018 at a Standard Rate of 5%. Value added Tax is a tax on consumption levied at each stage of the Supply Chain and ultimately borne…
