Accounting & Auditing Archives - Business Setup Blogs

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 government entities, companies and individuals to take advantage of agreements of double taxation avoidance on income signed…

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…