The United Arab Emirates has quickly established itself as one of the most enticing places in the world to start a company. Creating an offshore company is one of the most effective strategies to start or expand your business in…

The development of a new leases’ standard was originally a joint project between the ISAB and FASB, and through they will not issue converged standards, both will bring leases on balance sheet for leases for lessees. This will result in…

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The new standard, IFRS 16, brings more transparency and provides more accurate information about an organization’s assets, liabilities, and financial position. What is IFRS 16? IFRS 16 is a new accounting standard that will have a major impact on financial…

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…

Startup valuation is a crucial process that helps entrepreneurs, investors, and stakeholders determine the worth of a startup company. It involves assessing various factors such as the company’s growth potential, market dynamics, competitive landscape, and financial performance. By assigning a…

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…

One thriving business in the United Arab Emirates (UAE) is the laundry industry, which may come as a surprise. With the increasing population and influx of tourists, the demand for laundry services is on the rise, presenting a promising opportunity….

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…

Setting up a company in Dubai depends on both the type of business and the specific requirements. Costs can range from an affordable to a considerably costly amount depending on what the company is looking for. Setting up a new…