Exploring the Types of Bookkeeping Services for Businesses in Dubai
Understanding Different Types of Bookkeeping Services Fundamentally, bookkeeping is the methodical process of documenting and arranging a company’s financial transactions. It entails keeping careful tabs on earnings, outlays, acquisitions, sales, and other financial operations. This fundamental procedure aims to create an understandable, precise, and ready record of a business’s financial information rather than just entering […]
What is the Cost of Company Liquidation in Dubai?
Understanding the Cost of Liquidating a Company in Dubai Company Liquidation in Dubai is the official process through which a business can be legally dissolved and its properties transferred to creditors and shareholders. This is where the company is struggling to continue its business or the business owners cannot bear severe financial flaws and want […]
A Complete Guide to the VAT Registration Process for Businesses
UAE with its central location, regulations, and business-friendly tax structures that make it a good business location, one policy of the UAE that directly benefits its business activities is Value Added Tax (VAT) at a minimum rate of 5% which is very low when compared to rest of the world. Your financial activities and business’s […]
Importance of Accounting for Corporate Tax
Exploring the Importance of Accounting for Corporate Tax Recently, the United Arab Emirates Government introduced a corporate tax regime at a 9% rate for income over AED 375,000. This new imposition of corporate tax brings along challenges of compliance and strategy to companies that are included in the tax bracket. In addition, the FTA requires […]
Advantages of Auditing for Business Growth
How Auditing Enhances Growth in Competitive Markets? Auditing is the methodical review of financial documents and statements to guarantee accuracy, compliance, and general financial health. It is essential to the business environment because it provides insights that have a meaningful impact on sustainability and growth. Frequent audits are crucial for promoting business growth by improving […]
What is the Business Set Up Cost in Dubai?
A Guide to Business Set Up Costs in Dubai, UAE Dubai’s strategic location, robust infrastructure, and business-friendly environment make it a hotspot for entrepreneurs and investors worldwide to start their business. However, appropriately setting up a business from day one requires understanding the cost involved. Start-up costs for a business in Dubai generally range from […]
How Much Does a Tax Consultant Cost in Dubai?
Understanding the Tax Consultant Cost in Dubai The world of taxes can appear intimidating, especially in the vast business community of Dubai UAE, where tax laws are complex and ever-changing. As a personal seeker of advice on tax or a business wishing to manage tax obligations much more effectively, your answer lies in hiring of […]
Qualifying Activities and Excluded Activities for Qualifying Free Zone Person
Ministerial Decision No. 265 of 2023 on Qualifying Activities and Excluded Activities for Qualifying Free Zone Person Article 1 – Definitions Definitions in Federal Decree-Law No. 47 of 2022 and Cabinet Decision No. 100 of 2023 referred to above shall apply to this Decision, otherwise the following words and expressions shall have the meaning assigned […]
Unincorporated Partnership, Foreign Partnership and Family Foundation
Ministerial Decision No. 261 of 2024 on Taxation of Unincorporated Partnership, Foreign Partnership and Family Foundation Article 1 – Definitions Words and expressions in this Decision shall have the same meanings specified in the Federal Decree-Law No. 47 of 2022 referred to above (“Corporate Tax Law”), unless the context otherwise requires. Article 2 – Conditions […]
Tax Grouping for Corporate Tax Purposes in the UAE
Ministerial Decision No. [301] of 2024 Ministerial Decision No. (301) of 2024 on Tax Group for the Purposes of Federal Decree-Law No. 47 of 2022 On the Taxation of Corporations and Businesses. The Ministry of Finance (MoF) in the UAE has announced amendments to existing Ministerial Decisions through the issuance of updated Ministerial Decision No. […]