Blog - Parker Russell UAE

Registered Auditors in DIFC

Sep 5, 2021 | Auditing & Accounting

About Dubai International Finance Centre A leading international financial hub in the Middle East, Africa and South Asia (MEASA) region. DIFC is home to a diverse range of financial services institutions. The internationally acknowledged independent regulator's...

Low-Cost Business Set-up in UAE for 1,000 AED?

Aug 25, 2021 | Business Setup

Do you want to apply for a business license in the United Arab Emirates? You may acquire one for as little as Dh1,000.Yes, that’s correct, the UAE's free zones have implemented some of the most aggressive pricing plans to attract a new wave of enterprises to set up a...

Do DMCC companies need audit?

Aug 18, 2021 | Auditing & Accounting

Is it necessary for DMCC companies to conduct audits? Yes, Auditing is mandatory for all Dubai Multi Commodity Centre (DMCC) Member Companies. In accordance with DMCC Company regulations, an auditor possesses to be appointed by every DMCC member Companies. Each DMCC...

UAE labour law: Can I encash unused annual leaves?

Aug 16, 2021 | HR & Payroll

UAE labour law: Can I encash unused annual leaves? Question: I work in a firm in Dubai. I have a lot of unused leaves from 2020 and 2021. I hadn’t availed them since I was not able to travel because of the Covid-19 situation. Can I encash these leaves instead...

JAFZA Approved Auditors

Aug 15, 2021 | Auditing & Accounting

About Jebel Ali Free Zone Authority Jebel Ali Free Zone Authority (JAFZA) is one of the oldest free zones within the United Arab Emirates (UAE) catering to the requirements of thousands of the business and supporting UAE’s objectives of attracting foreign investments...

Cabinet Decision No. 49 of 2021 (Administrative Penalties for Violation of Tax Laws in the UAE)

Jun 27, 2021 | Tax & Compliance

Cabinet Decision No. 49 of 2021 ( Administrative Penalties for Violation of Tax Laws in the UAE) In accordance with Cabinet Decision No 49 of 2021 on Amending some Provisions of Cabinet Decision No. 40 of 2017 on the Administrative Penalties for Violation of Tax Laws...

GoAML Registration Deadline Extension

Apr 26, 2021 | Regulation

Anti-Money Laundering Registration Deadline Extension The Ministry of Economy (MoE) has extended the deadline for GoAML registration to be 30/04/2021. Did you know that registration for GoAML and application of Anti-Money Laundering and Combating the Financing of...

Cabinet Resolution No. 58 of 2020 Regulating Beneficial Owner Procedures

Jan 5, 2021 | Regulation

Cabinet Resolution No. 58 of 2020 Regulating Beneficial Owner Procedures In Brief: Cabinet Resolution No. (58) of 2020 regulating Beneficial Owner Procedures (the “Resolution”) came into effect on 24 August 2020 and replaced Cabinet Resolution No. 34 of 2020 issued...

VAT Registration in UAE

Jan 5, 2021 | Tax & Compliance

VAT Registration in UAE Any business which exceeds mandatory or voluntary registration thresholds may be required or may be able to register for VAT. A business must register for VAT if the taxable supplies and imports exceed the mandatory registration threshold of...

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