In the present scenario of the world, there is easy access to transportation and information. The use of high-speed internet and Globalization has made it possible for businesses to set up their companies at different locations all over the world. This allows them to take advantage of different markets in the world. As with all […]

If you were planning to establish a business in the United Arab Emirates but were worried about the sponsorship requirement in the UAE, there is a piece of good news for you. This Wednesday, the Ministry of Economy (MoE), UAE, has announced that it will bring a change to the Federal Commercial Companies Law No.2 […]

The Federal Tax Authority has issued a new Cabinet Resolution No. 49 for the year 2021, which will replace the provisions stated in Cabinet resolution No. 40 of 2017. Highlight: According to the new Resolution, all the present taxpayers who were already imposed with tax penalties as per penalty structure will be eligible to have their […]

The government of the United Arab Emirates passed a resolution which was enacted on the 29th of August 2020, which was titled Cabinet Resolution no 58 concerning the Ultimate beneficial Owner (UBO Law). This cabinet resolution was passed with the intention to tackle the avoidance of taxes by the businesses so that the country will […]

Setting up a business can be comparatively simple work, but maintaining the business can be a complicated task. In order to keep the business in a healthy condition, the business owners need to go the extra mile which can sometimes lead them to neglect the credit ratings of the business. The credit ratings have a […]

The economy of the United Arab Emirates is the second-largest economy in the Middle East after Saudi Arabia with the scope of even growing more. The country has been trying to diversify the economy as most of the economy is dependent on the revenue from the petroleum and hydrocarbon sector. Previous to the worldwide pandemic […]

The Government of the United Arab Emirates has recently brought forth the resolution which will help in defining the procedure for maintaining a real beneficiary. This resolution will be in effect from the 27th of October 2020 and according to this resolution, it will be required that a businessman or any business entity will reveal […]

The virus has forced companies and businesses all over the world to pause for a bit and review their activities. The whole world came to know about the virus within three to four months of getting into the new year and now things have started to change for the better. Still there is a fear […]

In the recent past, the UAE cabinet has made significant changes to Law No. 6 of 2006 concerning bankruptcy. These changes mainly were made to introduce relief to debtors during an Emergency Financial Crisis (EFC). The EFC will include all public events which have a severe effect on the trade activities or other investment and […]

A business is set up with the singular intention of generating profits to its shareholders and its management. The cost incurred by a company is a very important factor in deciding the profitability of a business. This profitability is affected in a vast way by the cost, which is spent by the management on the […]