Mergers and acquisitions in Dubai have become more common in recent years. The main reason behind this is that companies are now looking for faster and smarter ways to grow. The city of skyscrapers provides a stable business market, easy…
Managing VAT is quite challenging for many businesses in Dubai. A main reason is that they need to stay updated with regular changes to the rules set by the FTA. These laws can be very confusing, especially for foreign and…
Business plans don’t always go as we have expected. Some business owners decide to fully close their company, while others plan to shift to a new industry. You must already be aware that VAT registration is mandatory for businesses with…
The UAE is known for its renowned banking and financial industry and the high level of secrecy banks provide their customers. Its financial or banking system is synonymous with stability. The UAE banks are known to thank for their reliability,…
Managing tax rules in the UAE can be difficult for businesses, especially foreign business owners. If you’re a business owner and not aware of VAT and corporate tax regulations, you must work with a trusted tax consultant. By choosing a…
No matter how big or small a business you run, you must keep a clear record of where your money comes from and where you spend it. Bookkeeping, and especially the golden rules of accounting, can help you with this.…
Running a business in the UAE without the support of expert accounting professionals can feel very challenging. Not only do they manage your daily finances, but they also ensure your business is always compliant with required regulations. Even small accounting…
A tax registration number is a specific number issued to an institution that has been VAT-registered in the UAE by the FTA (Federal Tax Authority). This is a number of 15 digits through which the FTA would be able to…
Businesses operating in the Emirates’ export and import sector face challenges in understanding how VAT works. The VAT regulations make sure that businesses always remain compliant with the required terms and conditions. Moreover, when we talk about VAT, we can’t…
The excise tax in the UAE was introduced in 2017 and is imposed on specific goods. The primary focus behind introducing it was to reduce the consumption of products that are harmful to human health and the environment. By implementing…
