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 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 VAT registration in UAE...

Do suppliers of zero-rated and exempt supplies charge VAT? Suppliers do not charge tax on a zero-rated or exempt supply. Understanding the Zero Rate The zero rate applies to goods and services that are VAT taxable but have a 0% tax rate. These transactions must be...

business setup services in Dubai Why do people like to start a business in Dubai? Starting a business in Dubai should not take you more than a week once you’ve sorted all your legal procedures. But before you start your legal formalities, you need to consider some...

6 Steps For An Error-Free Business Process Every company strives to achieve an error-free business process to enhance accuracy and efficiency. However, mistakes are inevitable. When they happen, two outcomes often follow: Nothing changes. Someone is blamed. Adopting...

Why Does Your Company Need an External Audit? Today, many companies think that conducting an external audit once a year is a legal requirement. However, most business experts agree that the real value of the auditing process is far greater than simply fulfilling a...

Why Your Business Needs Accounting Services in Dubai and Outsourced Accounting UAE Accounting Services in Dubai and Outsourced Accounting UAE have become essential for small and medium-sized business owners who are aware of the importance of using accounting software....