Following Article (44) Clause (3) of ‘Cabinet Decision No.(10) Of 2019 Concerning the implementing regulation of decree-law No. (20) of 2018 on Anti-Money laundering and combating the financing of terrorism and illegal organizations’ and its amendments, the Ministry of Economy…
Accounting Challenges Faced by IT and Software Sectors There was a time when the bulk of the work of accountants consisted of bookkeeping, data entry, and number crunching. Today, the modern accountant is faced with client demands that require one…
Ministry of Human Resources & Emiratisation has announced amendments to the labour law in the UAE. Federal Decree Law No. 33 of 2021, which is effective from 2 February 2022. The new labor law changes are fairly substantial and necessitate…
As a new business owner in Dubai, seeking guidance from consulting organizations can prove to be beneficial. These professional services offer valuable advice to reduce the negative impact that a new business may have. With the support of these consulting…
Starting a laundry business in Dubai can be a profitable venture due to the excessive demand for first-rate laundromats and laundry services inside the town. Dubai’s rapid-paced, lively, and cosmopolitan environment, along with its good sized expat populace, creates a…
The first consignment of jewellery sent by India to the UAE under the Comprehensive Economic Partnership (CEPA) was received by private sector gold business leaders on Tuesday. The first shipment of three packages contained approximately $1 million worth of precious…
Advancements and innovations in internet technology have reaped many benefits; and concurrently, there are various risks and threat related to it. Businesses secure all important information about their company and clients on their systems and one should never turn a blind eye…
The Federal Tax Authority (“FTA”) is the government entity responsible for the administration, collection, and enforcement of federal taxes in the United Arab Emirates (“UAE”). The following federal taxes apply in the UAE: As part of its mandate to enforce…
Many business and IT leaders around the world are replacing on-premises accounting with cloud-based accounting that is flexible, scalable, and cost-effective. There are numerous compelling reasons to avoid the cloud migration journey, ranging from cost savings to increased innovation. However,…
According to UAE labour law, either the employer or the employee can end a working relationship by giving a 30 to 90-day written notice as stipulated in the contract. Employers can, however, terminate workers without cause after conducting a written…
Internal audit is “An Independent management function, which involves a continuous and critical appraisal of the functioning of an organization with a view to suggest improvements thereto and add value to & strengthen the overall governance mechanism of the entity,…
In the dynamic landscape of international business, entrepreneurs and investors seek jurisdictions that offer flexibility, security, and efficiency. JAFZA offshore company formation stands out as a strategic choice for those aiming to leverage the UAE’s global position without engaging in…
