The tax audit proceedings stood as a mandate for the business entities in UAE after the Emirati Government and Federal Tax Authority (FTA) collectively implemented the Value Added Tax (VAT) on the supply of goods and services from 1st January 2018. The move has been made to figure out compliance with the legal provisions of the […]
Dubai has recently announced the introduction of a ‘Virtual Commercial License’ in Dubai. This license is the first of its kind, and the possession of this license will allow entrepreneurs and businessmen all around the world to conduct their business in Dubai on a digital platform without any physical presence. About the Virtual Commercial License […]
The hospitality sector is a fast-growing industry all over the world. The rapid globalization of the world, the increasing ease of transportation and the improvement of the standard of living of the people across the globe are some of the reason due to which there is a growth in the hospitality sector all over the […]
To manufacture means to make something from the beginning. Usually, a manufacturing company is compared with the industrial sector, is one of the most industries second only to the agricultural sector. Without a thriving manufacturing sector, it is impossible to expect that the economy of a country will alleviate itself. This is the reason that […]
Taking care of the financial health of the company is one of the prime duty to be performed by the management of the company. In order to get help in the proper and accurate control of the finances, the administration may avail the services of accountants. Availing the services of accountants will help at the […]
Dubai has a very stable political environment and a very understanding yet competitive business environment, and due to these reasons, most of the businessmen and entrepreneurs prefer setting up their business in Dubai. As the government is trying to reduce its dependence on the oil and gas sector, other sectors in Dubai are gradually gaining […]
There has been a steady decrease in global wealth of late due to various factors ranging from business-related to political issues, but the United Arab Emirates has overcome this slide in the global markets and economy, and the personal wealth of the country has risen by almost 5 percentage points from 2013 to 2018. This […]
There are many reasons due to which a businessman would like to establish its business in the United Arab Emirates. The reasons include strategic location, less or no tax implication, caring and understanding government and the presence of one of the biggest and emerging markets. The government of the country are also working to make […]
Scrutinizing business activities over a specific period turns out to be vital for any business. Since the beginning of the incorporation process, multiple tasks, brainstorming, planning, strategizing gets infused to drive the business. It is worth stating that these activities can be carried out effectively with the proper utilization of time and resources available at […]
The government of many countries has understood that it is imperative for the survival and development of an economy to attract and allow businesses from all around the world to establish a business in the country. To accomplish this, many different steps have been taken by the governments of the various countries. The government of […]
