The Oman government is preparing for the introduction of the VAT in the country. As a result, the Tax Authority of Oman has published a brochure containing VAT information for business owners and individuals. At the moment, the Oman Government…

The Ultimate Beneficial Owner, better known as UBOs Declaration Form, is a new compliance document recently introduced. All existing and onboarding companies and organizations must submit the form upon incorporation or if they make any corporate amendments. In this article,…

In order to run a business in the UAE, business owners need to know about the frequent changes to Emirati Laws. Even if they don’t have time to get involved directly, they need to know what’s going on to ensure…

Witnesses: Japanese Cloud-Based Accounting Startup 300% Surge: Almost all fields of employment have improved due to the usage and integration of technology. Accounting is no different, with resources that are cloud-based and AI-enabled making accounting much simpler. The usage of…

The news of an ADNOC-Mubadala Partnership has been doing the rounds in business circes within the UAE. Reports state that the Abu Dhabi National Oil Company, better known as ADNOC, has signed agreements with the Mubadala Investment Company. These agreements…

The COVID-19 pandemic has led to a large-scale migration of the workforce into their homes. The global health crisis led to significant shutdowns around the world, with most schools, colleges and commercial establishments shutting down. Not only has this led…

The RERA in Dubai also called the Real Estate Regulatory Authority is an essential part of UAE’s real estate framework. It essentially works under the Dubai Land Department to oversee the registration, sale and completion of real estate projects within…

Land is an essential commodity and an excellent investment. However, as it is capital-intensive, there are a few risks in such investments. Also, all governments around the world enforce stringent land laws due to the sheer volume of capital people…

The Economic Substance Regulations, better known as ESR guidelines, are a set of compliance requirements that certain companies in the UAE need to follow. The ESR process became a part of the Emirati compliance measures in 2019 by an order…

The UAE Cabinet has come out with a new resolution in the form of Resolution No. 57 of the 2020 ESR Regulations Amendment. The latest updates according to this Amendment will replace the previous rules, and the document also provides…

UAE Foundations, introduced in 2017, are now an integral part of the country’s wealth management systems. It is an independent legal entity to which its founder confers his assets. Foundations play an important role in wealth management as it distinguishes…

One of the most significant responsibilities of any government is to ensure that the country in question has a high enough food security. This allows them to not worry about food shortage as they always have the inventory to cover…