How to Liquidate Free Zone Companies in UAE
Company Liquidation is a procedure where an organization takes a choice to wrap up its operation as it can no longer proceed with the business activities. When a business goes through liquidation, they sell their resources so they can take care of their obligations/liabilities/commitments. The sum that is gathered in the wake of selling the […]
Key Things to Understand About Filing a Bankruptcy Petition in the UAE
If an organization is announced bankrupt in the UAE, substantial commercial, monetary & legal consequences will follow. It will probably lose all of its money & different resources, while its creditors are probably not going to get back the entirety of its debts. A dealer who applies for bankruptcy is probably not going to be […]
How to Launch Your Business in UAE Online?
The worldwide online business industry is quickly developing. In UAE, the business is changing rapidly to the online business stage for products & services. Customers or clients in UAE are more open to doing business online instead of directly visiting the offices or shops. It saves their energy, time, and cash. So if you are […]
Role of TAX Agency to Ensuring Maximum Business Compliance
To help the VAT implementation in the UAE, the Federal Tax Authority (FTA) characterized the job of tax agents to help organizations completely comply with the legislation. Organizations can select qualified persons as tax agents to address them to advise & oversee procedural prerequisites under Federal Law on TAX Procedures. So recruiting a TAX agent in […]
Be Familiar with Anti-Money Laundering Laws & Some Penalties in UAE
Money laundering is an issue for the UAE, apart from the means the nation has taken to battle monetary, coordinated, & terrorist criminalities. The UAE keeps a solid Anti-Money Laundering (AML) framework with an end goal to secure against the chance of money laundering & terrorist financing. The UAE has endorsed two laws that fill in as […]
VAT Related Responsibilities of Business in UAE
The responsibility of a business concerning value-added tax is to gather tax for the government. Not too troublesome a job now but rather, organizations are likewise liable for comprehension and executing every law and guideline relating to VAT also. If one ignores this it will get some hefty fines. The hypothesis of value-added tax is […]
Effective Internal Audit for Business
An Internal Audit System is the main building block to a viable Quality Management System for a business. Internal auditing is an asset for smaller and larger businesses. An effective internal audit is a significant asset for the managers, the board or its members, and the audit council because of its understanding of the business […]
Most Common Challenges for Protecting Intellectual Property Services in UAE
Intellectual property is a kind of property that involves intangible creations of the human intellect. In the latest knowledge-driven, private zone-oriented financial development pattern, the various kinds of intangible assets of a business are more significant & powerful than its tangible assets. Hence, a critical subset of intangible assets is secured by what is named […]
Business Compliance with UAE VAT Law
Are you worried about whether your business is fully compliant with UAE VAT law & if not how your business ensures complete VAT Compliance? Don’t worry. Here are various steps to meet the sole requirements of your business guaranteeing complete, VAT compliance. Actually, there are some VAT compliance needs for making sure your business is […]
Why Is ICV Certification Important For Your Business In UAE?
The Abu Dhabi National Oil Company (ADNOC) initiated a procurement-led In-Country Value (ICV) program in 2018 to encourage Emiratization, GDP diversification & strategic considerations. The program encourages all suppliers in the UAE to get an In-Country Value Certificate from the empaneled certifying bodies. Together with this, the suppliers are requested to get the ICV certificate showing the […]