Accounting & Auditing Archives - Business Setup Blogs

May 23, 2020

VAT Registration in UAE and its Implication on the Businesses

It’s been two years since the VAT is implemented in the UAE. VAT implementation is progressing in the right direction with more companies registering…

May 3, 2020

6 Financing Mistakes Small & Medium Business Make in the UAE

Every business running successfully in the UAE requires a structured financial auditing and accounting practices to manage the daily accounts and avoid losses. SMEs…

February 9, 2020

How to Start a Company in the UAE to Save Tax?

The Company Setup in the UAE is tailormade to suit the investor requirement of saving Tax. UAE levy fewer taxes from the residents and…

November 2, 2019

Introduction of Economic Substance Regulations in UAE

UAE is removed from the European Union (EU) blacklist and all thanks to the introduction of Economic Substance Regulations. The United Arab Emirates (UAE)…

October 9, 2019

General Bank Account Requirements in Dubai

UAE has grown into a key financial hub of the Middle East. The banking sector in UAE is a major contributor to the progressive…

October 5, 2019

4 Countries with Low or No Income Taxes

A tax haven or Offshore jurisdiction offers minimal tax liability for the investors. Many multinational companies operating in the United States and Europe have…

September 23, 2019

Tax Residency (Domicile) Certificate in UAE

Tax Residency Certificate is issued for eligible Companies and Individuals to take advantage of the Double Taxation Avoidance Agreement (DTAA) Treaty entered by UAE…

May 9, 2019

VAT in the UAE – Importance of Accounting and Book-Keeping

The arrival of 2018 saw the onset of the VAT era in the UAE. This phenomenon has given rise to mixed reactions among the…

July 24, 2017

Implementation of VAT (Value Added Tax) in the UAE

The United Arab Emirates and other GCC (Gulf Cooperation Council) countries have decided to implement Value Added Tax for all business transactions inorder to…